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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
Warren Buffett Is Not Aging Gracefully
Posted on 06/28/2007 09:49:29 | Link | Post Comment
He's becoming a full-on crank:
Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner...Hmmm... those low marginal tax rates don't seem to have stifled Buffett one bit. And how about this?Mr Buffett, who is worth an estimated $52 billion (?26 billion), said...that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.
...inheritance tax, which raises about $30 billion a year from the assets of about 12,000 rich families..."You could take that $30 billion and give $1,000 to 30 million poor families. Or should you favour the 12,000 estates and make 30 million families pay an extra $1,000??So failing to give $1000 to someone is the same thing as taking $1000 from him? How did this idiot ever get so rich?
Thanks to reader Brad Peterson for the link.
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