Warren Buffett: "We Coddle Super-Rich" ...WRONG.

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Warren Buffett's New York Times op-ed is spreading like wildefire. He tells Congress to "Stop Coddling the Super-Rich" and lays out how much he paid in taxes while asking to be taxed more. While he does make many good points, he's still wrong. The Super-Rich are NOT being coddled...

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[TheBahram203]

huh,no one can fix the budget or cut spending and no one can think of anything to do SO LETS TAX THE RICH which is the easiest !!! when is everyone going to grow up and actually FIX something instead of being jelous of the rich.

[HoSayLiaoLah]

I think this guy is wrong. Obama is not afraid of billionaires. He is going to make changes for the benefit of middle class.

[bulletproof2353]

its more like billionaire corporations and multinationals ,not millionaires ,your not in a democracy, this is fascism ,and were founded as a democratic constutional republic ,not a democracy

[BErectus]

@ieclipse2 Agreed - the US system of taxation is a ridiculous mess and has been for some time now. It needs to be fixed. But Buffet doesn't help with sound bites that advocate doubling down on the existing failed system.

[ieclipse2]

@BErectus He has given it all to the charity, however the stock certificates are being transferred in instalments. The recognition being that he can continue to generate more money and hence a higher price for the stock, since the foundation does not need 39B straight away for what the foundation is trying to achieve.

[ieclipse2]

@BErectus I understand your reasoning behind one person won't make a difference, my reasoning was on fixing the long term problem, and not just relying on Warren for the solution. Sure it will make 39B of difference but that won't change the economy and it will make hardly a dent for the government unless the real changes of changing the tax rates for all Americans to follow.

[BErectus]

@ieclipse2 My admonition to Buffet was a comment on his hypocrisy, not an advocation of tax increases.

One final irony ... Hearing that "one person won't make a difference" is exactly analogous to the liberal argument about drilling for oil: "We can't start because it will take too long!" For libs a false argument holds whenever convenient ... even if it misses the point entirely.

[BErectus]

@ieclipse2 But let us examine your argument ... If one wealthy person sending in money isn't going to make enough difference to be worthwhile, then why would ten, or 100, or 1000 make a difference? When will it make a difference? The fact is, if everyone making $250k or more were taxed 100% we still could not pay the govt's planned $3.6T spending bill this year!

[BErectus]

@ieclipse2 He has a PLAN to give it all to charity, he hasn't done so yet. But, that begs the question: why give it to charity? Why not the govt? Why would he advocate higher taxes but not give his wealth to the govt? Also, I reject your premise about it making a difference - if he sends in $39B it will make precisely $39B of difference.

[BErectus]

@ieclipse2 He has a PLAN to give it all to charity. He hasn't done so yet. But, that begs the question: why give it to charity? Why not the govt? Why would he advocate higher taxes but not give his wealth to the govt? Also, I reject your premise - if he sends in $39B he will make $39B of difference. But, for the sake of argument, if, as you say, one wealthy person sending in money isn't going to make enough difference to be worthwhile, then why should any person send in money?