Warren Buffet Isn't Serious About Taxing the Rich, and Neither is Obama

President Obama's attacks on the rich go over well with megawealthy supporters like Mr. Buffet, who feel virtuous for nodding their heads, and with his entitled base, who still believe in Santa Claus.  Neither Warren Buffet nor President Obama is being serious. Warren Buffet isn't serious when he says, please, tax me more.  He was asked by CNBC reporter Rebecca Quick in 2007 why he shelters his fortune in tax-exempt foundations instead of giving it to the government, as he exhorts others to do.  Buffet replied, "I think that on balance the Gates Foundation, my daughter's foundation, my two sons' foundations will do a better job with lower administrative costs and better selection of beneficiaries than the government."  In other words, he thinks he has better ideas for how to spend his dollars than the government, and would do a better job of it, too. Mr. Buffet, we all feel that way.  Liberals like to spend their own money.  They want to spend yours as...(Read Full Article)

COMMENTS ON AMERICANTHINKER