Monday, August 15, 2011

Warren Buffet......an open letter....

Warren (I'd call you Mr. Buffet, if I had any respect for you),

I like you idea of taxing the "super rich". And, I like your idea of closing loopholes in the tax system.

HOWEVER, in your letter bemoaning the unfairness of a system, designed by your own ideological peers (Liberals), you point out only your own, personal hypocrisy.

First, contrary to your notion that the "super rich" don't pay more than the average 'Joe Six-pack' is nonsense. Even based on your own personal example, I doubt Joe six-pack is shelling out $7 million in income tax (tough to do when the average income in the US is around $23k). What you refer to is based on percentage, not actual dollars. In fact, the "super rich" pay HUGELY more than the average taxpayer.

Second, in your example, based on your own personal tax infomation, you admit to taking full advantage of "tax loopholes" in order to pay LESS in taxes.

So, Warren, why don't you lead by example:

CLOSE YOUR OWN PERSONAL TAX LOOPHOLES. Why do you only pay out 17.4% of your personal income when, true to your argument, you COULD simply cut a check to the government reflecting a 50% tax rate?

Or, better yet, why don't you become just like Joe six-pack and cut a check to the government for ALL your money, less $23k (national average income)?

Don't bother answering.....I know the true answer: you have NO INTENTION of voluntarily divesting yourself of wealth....even though you are a committed Liberal. As we Joe six-packs are (hopefully) learning, Liberals are ALL talk....ZERO action.

Want to be believable? Take home $23k a year. Give the rest......VOLUNTARILY....to the Government.

Hirota: OUT.

No comments: