Sunday, November 21, 2010

Warren Buffett: Simpleton

This today from the Sage of Omaha:

Billionaire Warren Buffett said that rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.

“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett said in an interview with ABC’s “This Week With Christiane Amanpour” that is scheduled to air on Nov. 28. “But I think that people at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we’ve ever had it.” 
You know, I've about had it up to here with the MSM worship of Warren Buffett. With all due respect to an arch-capitalist who's made a considerable pile with his investment philosophy, Buffett is yet another lifelong Democrat who blindly supports creeping socialism without a clue as to how destructive it is. He's sort of like George Soros in sheep's clothing.

Buffett in this case either conveniently or obtusely ignores the fact that the Obama Administration's definition of "the rich" includes "millionaires" who make over $250,000. Excuse me? In what mathematical system does $250,000 = $1,000,000?

Second, why SHOULD people like you pay more taxes, Warren? You already pay plenty of taxes anyway. Could it be that you want the Federal government to squander even more taxpayer money than they're squandering now? And what will we be getting for that money? Right, precisely nothing.

Buffett has for decades been lauded for buying value investments/companies and having the patience to let the scenario pay out. Does he consider the Federal government on a par with a value investment or company? Seriously?

Look, Warren. You go pay the extra taxes for the rest of us if you feel guilty, particularly over that great deal you cut with Goldman Sachs. Me, I'd rather keep what little money I have left in this economy. If you're feeling guilty for being rich beyond avarice, that's not my problem.

As movie stars, sports "heroes" and now, Warren Buffett all prove, great wealth in no way correlates with rational or political maturity.

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