Stop Coddling the Super-Rich

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Stop Coddling the Super-Rich
By WARREN E. BUFFETT
Published: August 14, 2011
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.h...
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. (MORE)
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.h...
Video:
http://www.charlierose.com/view/content/11845

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LOL

""While the poor and middle class fight for us in Afghanistan,"

LOL,

This is the true fallacy of the liberal mind. They have these preconceived notions about the military.

Fact is the closest friend I have made in the military was my first roommate who was a multimillionaire. Many liberals don't understand the pride it could take a person to serve their country and thus still believe that the military preys on the uneducated and poor. That actually comes from the days of conscription when the poor (who couldn't afford to go to college) got less draft deferments than the rich. Today's military is actually better educated than ever before.

It's also ironic that those who are asking for "shared sacrifice" are also calling for deep defense cuts. Now do you think the Pentagon will buy less bullets? No what they're actually calling for is the underpaid military to take a cut in pay and benefits. You can check this week's military times whose headline is "What defense cuts mean to you".

Warren Buffet should take Michelle Bachman and Pat Buchannon's advice that if he doesn't think he's paying enough in taxes he should write a 5 billion dollar check to the US treasury. No one is stopping him from doing that!

MikeyA

Any guy who can refer to his friends as "mega rich" knows exactly what he can do to pay more taxes. He can stop charging everything to his company and begin taking a real salary that he would pay taxes on, or he can write a check for whatever dollar amount he wishes to the Federal govt.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Mikey should watch out Fred and his band of lunatic Tea Baggers will be aiming at the fat pensions of the military next. According to the part time talk show host who sits on his A$$ for three hours a day five days a week sipping diet Pepsi while telling everyone else how much they are over paid, working 20 years and collecting a pension is too short of a working life and the country can't afford it. Everyone, according to these lunatics, should work till their 68 before collecting a pension easy to say from the comfort of a air conditioned studio chair. So Mikey better not be casting too many stones from your glass house.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

I don't have a band of anything aiming at anyone. I gave up Diet Pepsi this week. I am grossly overpaid. Thanks for the input Paul Wohlfarth (7)

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Still laughing about the interview with Steve Herwatt about the Jeep Expansion. You had to shut your silly mouth and eat crow when he told you it was the union workers at Jeep that saved the plant. Didn't fit your dogmatic narrative ay Fred (7). So the wounded host goes on about drug use and drinking like maybe some of that shit will stick to Local 12. Then the hostless tells the audience about the last time he spoke to Local12 president Bruce Baumhower which was over two years ago because the radio station has become an outpost of Taliban Teabag extremists and he is smarter than that! What kills me is that upstanding community leaders feel they have to subject themselves to the small minded hate radio dogma.

http://www.wspd.com/cc-common/podcast/single_page.html?more_page=&podcas...

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

wolfman military pensions are already being looked at to be cut. And guess what.... it's not the tea party that's behind it. Unless Leon Panetta suddenly joined the Tea Party last night.

As far as I'm concerned they can cut the military pensions. They're dumb to because good luck getting people to stay past the 4 initial years. You will see fewer and fewer careerists.

As I've explained before I never expected the gov't to look out for me. I only put my trust only in the man in the mirror who shaves when I do.

Now if they cut the military pension. Will I sit in the Capitol Rotunda and refuse to move? Will I hold up signs that call people terrorists and put hitler mustaches on them?

Nope. Not one bit. The military owes me nothing. I owe the military nothing. I've served honorably, they've treated me honorably. I won't expect anything more.

MikeyA

MikeyA you earned it take it! Enjoy!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

That makes no sense. Please explain.

MikeyA

Why no reply? You have been active on the site.

MikeyA

If Buffet wants to pay more why doesn't he push for a simplification of the 73,000+ page tax code? Or simply stop using all the loopholes and pay more himself?
As of 2009 there were a bit more than 8100 Americans who made $10 million+ per year. Their total income in 09 was $240 billion. 0bama could spend that in a heartbeat. Hell the American taxpayer had to foot the bill for his 2.2 million dollar tour bus. Why doesn't that money come out of his campaign funds?

"We're all riding on the Hindenburg, no sense fighting over the window seats"-Richard Jenni

It's amazing how the non-millionaires on the right fight tooth-and-nail to protect millionaires' taxes. You guys are good little foot soldiers.

Pink Slip

If

If I support the right of the governement to be able to take from one to give to the other in the interest of "fairness" who will stop the gov't when they come to take away the benefits of my success?

You cannot describe where fairness begins and ends can you. Technically one could argue anyone over the poverty line in this country should be paying higher taxes. That includes the middle class. At what point do we stop the government and say a persons worth is a product of the fruits of their knowledge and labor?

Warren Buffet is worth billions. Yet he has only had an income of hundreds of thousands for the last 30 years. He made his money and already paid taxes on it. That's why he pays so little in income tax. Yet for me to try to become a multi-billionaire he wants me to pay a higher rate of taxes.

Who's stopping Warren Buffet from paying more to the gov't? No one. He can write his check today.

MikeyA

I agree. Stop coddling the super rich like Warren Buffett. When he shoots off his big mouth but turns right around and takes advantage of tax breaks TO SAVE HIMSELF FROM PAYING TAXES. Then stop coddling other rich people like Timothy Geithner who somehow "forgot" to pay his taxes.

http://blogs.forbes.com/greatspeculations/?p=41133

From the article:
"Warren Buffett brought his 2010 income tax return to his television interview with Charlie Rose this week. In my Nov. 24 blog “Dear Mr. Buffett: Put Up Or Shut Up On Taxes,” I asked Buffett to show his tax returns to the media, so the public could assess if Buffett significantly uses tax loopholes. We learned during the interview that he does."

But hey, if Warren wants to help, the IRS takes donations. FEEL FREE TO GIVE UP ALL YOUR BILLIONS Warren.

Don't blame me,
I didn't vote for a
socialist.

I have one more thing to ask of Warren Buffett. As he obviously favors giving much of his income to the government, may I suggest he close down his foundations and other tax-avoidance schemes designed to keep the tax man away from his money after his death? If he were to close down his foundations, the government could lay claim to 55 percent of his $50 billion when he departs this world. That would not pay off the national debt, but it would make a dent. What I am wondering, therefore, is why Buffett is willing to pay additional taxes on his relatively trivial income, while he uses every trick in the book to keep every cent he has already stored away out of government hands. One might be forgiven for believing that Buffett, now that he is fabulously wealthy, is determined to make sure no one else ever again becomes as wealthy as he is.

— Jim Lacey is professor of strategic studies at the Marine Corps War College. He is the author of the recently released The First Clash and Keep from All Thoughtful Men. The opinions in this article are entirely his own and do not represent those of the Department of Defense or any of its members.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Or in the parlance of our times, don't hate the player, hate the game.

There's a city full of walls you can post complaints at

There is no reason that a person working at McDonalds should be helping Government Union members get Viagra for free.

It is immoral that a Burger King employee has to pay State taxes so that fat cat Union members have a huge retirement.

Don't blame me,
I didn't vote for a
socialist.

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