Posted on 08/15/2011 12:04:49 PM PDT by NoLibZone
One of the reasons WHY Obama and the Democrats are losing favor right now with the American people is b/c people are beginning to realize that any taxation scheme they put into place will completely protect the zillionaires who fund the Democratic Party. Buffet is not really proposing punitively high taxes for rich zillionaires like himself. He is proposing punitive taxes for those immediately below himself who are trying to BECOME rich. Big difference.
It is as if two people are walking down the street and a beggar approaches them. Both are well off and comfortable but one is a multi-millionaire and the other is simply a properous person with a net income well below one million. The multi-millionaire gives the guy a 100 dollar bill, uses his cell phone to call the press to come by and take his picture as he is engaging in this charitable act, and at the same time piously recommends to his friend that he do likewise. However, the friend immediately recognizes the hypocrisy of this b/c a 100 dollar bill for him will represent a far larger donation - as a proportion of his total - than it will for the multi-millionaire. Not only that but he also insisted upon making it into a self-serving media event
No Warren, lower everyone else’s income tax rate to a maximum of 15%.
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