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Warren Buffett has really infuriated me. This is one of the biggest steaming piles I've ever heard. What a kroc.

Most economists agree that a 15-17% tax on Capital Gains is the most beneficial for the economy. We have a 15% rate. So all of us are taxed at this rate. This isn't rocket science. Buffet's Admin pays most (or a higher %) of her taxes as ordinary income and therefore pays a higher rate. We all do. And she probably has a very high income to declare on Ordinary Income. So she pays a higher RATE but far, far, far less money that what Buffet pays.

Now I'm wager, that Buffet's Admin is making one damn good salary, so she's probably in the upper 3-5% (or higher)of wager earners. So from this it's easy to see that it would be impossible for her to pay as low of a tax rate as what Buffet pays. Buffett would have to give her an enoromous amount of stock to have her rate come anywhere near as low as his. This is so damn simple it's ridiculous! Hell, this isn't even high school stuff, it's grammar school stuff, and yet it makes the headlines in the local news.

And there’s a very good reason for the low rate on capital gains. It’s called “capital formation.” Without it, the economy grinds to a halt. You keep the rates low so people will invest their capital in new enterprises which create jobs. Instead, democrats will push for the mythical “fairness” and kill all job creation as a consequence. Then nobody can find a job. What is “fair” about that ultimate outcome? I am in constant amazement at how effing stupid democrats are.