Could Anything Be More Meaningless Than Warren Buffett Calling For Higher Taxes?

So, have you heard the news? Warren Buffett thinks the government should raise taxes on the rich,

Billionaire Warren Buffett said that rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.

“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett said in an interview with ABC’s “This Week With Christiane Amanpour” that is scheduled to air on Nov. 28. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it.”

That’s cute, isn’t it? Obama supporter Warren Buffett wants to raise taxes. So, why should we pay attention to him? Because he’s got a lot of money and it’ll have a big impact on his life.

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In actuality, if you raised the tax rate up to 100%, it would have absolutely no impact on Warren Buffet. Why? Well, he’s an 80 year old man who’s worth 47 billion. In other words, if Warren Buffett never made another dime and spent 5 million dollars, every single day for the rest of his life, it would be miraculous if he somehow managed to spend all of his money.

In other words, Warren Buffett wants credit for being civic minded and being willing to chip in more money for the common good, but the policy he’s calling for will have zero impact on his life. If Warren Buffet really believes that it’s so important for the government to have more revenue, why doesn’t he go ahead and give the government 46.99 billion dollars of his own money? After all, if he thinks he should be paying “a lot more in taxes,” he can certainly do it. And, wouldn’t his liberal pals say that 10 million dollars is enough for “anybody” to live on?

So, Warren Buffet: if you believe what you’re saying, put your money where your mouth is and give your fortune to the government.

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