... The Wall Street Journal’s Stephen More has pointed out that Mr. Buffett misrepresents the U.S. tax system, which is still sharply progressive, even if monstrously convoluted. The median-income household in 2008 paid just 4% federal tax on its US$35,000. Those with more than US$2-million paid 32% in 2005, the last year for which data is available.Warren Buffett is just one more useful idiot helping Obama push his class warfare re-election platform. The fix for the current economic mess is to starve the government of revenue and force it to cut spending, not give it more money to waste on entitlements.
Wednesday, August 17, 2011
Useful idiot of Omaha
Peter Foster on Warren Buffet's "tax-the-rich" bullcrap: