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Warren Buffett calls for a minimum tax on the wealthy: Perhaps Warren Buffet should pay his own taxes first. And then he can worry about raising them for everybody else with a hike on the wealthy that will most surely be dropped onto the backs of all the lower classes that are still contributing to the system.

Contributed on November 26, 2012 by Kip Hooker, who has submitted 1015 posts. Author's website.

{ 13 comments… read them below or add one }

DefHarryMelon November 26, 2012 at 9:06 am

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Once the nation adopts these tax rates, charities will be phased out and all redistribution must then be overseen by a czar of buroq pipe’s choosing.

Kip Hooker November 26, 2012 at 9:12 am

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LOL. One which will no doubt divert the funds to “charities” run by his friends and those that made significant campaign donations to him.

J.P. Travis November 26, 2012 at 9:20 am

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If Warren would take his mouth off the government teat long enough to read a newspaper, he’d find out we already have a minimum tax, but like all grand ideas from liberals it’s been bastardized and twisted to the point where it doesn’t work very well and is paid mostly by the upper middle class taxpayers who are already carrying most of the load. I have no idea why this man is called a “wizard.” Every time he opens his mouth he sounds stupid, and every time he makes a call on the economy he’s wrong. The last time he was right about something was when he bought Coke stock, which was so many years ago it’s ridiculous. He makes his money by taking advantage of his contacts within the government complex, and the sooner we label cretins like Buffet for what they are, the faster we can shuffle them off into irrelevancy. He’s part of the problem, not part of the solution.

GhostntheMachine November 27, 2012 at 10:54 am

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HeyJP, this a little long but pretty interesting,

“…because I can think of at least one real-world example in which a rich investor nearly spiked a deal due to taxes: Warren Buffett himself, as recounted in Alice Schroeder’s terrific biography,”

http://www.weeklystandard.com/blogs/watch-what-warren-buffett-does-not-what-he-says_664022.html

JPTravis November 27, 2012 at 11:25 am

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Yeah, that’s good. I’ve read that kind of stuff about him before – he’s just about the most hypocritical man imagineable.

Dragonfish November 27, 2012 at 11:30 am

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FB! – and it doesn’t mean Facebook.

Jim Stewart November 26, 2012 at 10:02 am

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Warren’s father, Howard Buffett, must be spinning in his grave watching his son turn into a tool of the Democrats. Or just a tool. A really rich tool.

I'm With STUPID November 26, 2012 at 12:52 pm

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It has been 3 weeks since I gave even a portion of a f*ck.

poppajoe49 November 26, 2012 at 9:51 pm

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Warren needs to do one of 2 things, either STFU and pay his taxes, or go tongue kiss Jamie Fox.

I'm With STUPID November 27, 2012 at 12:53 pm

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In real dollars, how many times has federal spending actually declined since 1980? Only 4 times. THAT’S the problem.

flashingscotsman November 27, 2012 at 5:13 pm

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The tax rates don’t matter much to one who does not pay his taxes.

I'm With STUPID November 28, 2012 at 2:29 am

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The federal government could tax 100% of GDP of the entire U.S. for 2013 and still not pay off the national debt.

Given: Mt. Everest and the Grand Canyon were next to each other.
What would someone call it if a climber reached the top of Mt. Everest and then got struck by lightening and then fell off the mountain and fell into the Grand Canyon?

What ever you would call that, its coming and the fiscal cliff is a wuss compared to it.

How far up Mt. Everest is the U.S. ?

poppajoe49 November 28, 2012 at 5:48 am

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About 12,000 feet above the peak.

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