So this is what it’s come to in America.
Earwitness News reports that our Taxer-in-Chief is going to try again to tax the rich.
As part of his deficit reduction plan,” reports the LA Times, “Obama on Monday will propose a new minimum tax rate for millionaires to ensure they pay an effective federal tax rate at least as high as that paid by middle-class earners, administration officials said.”
"The president will call the new tax the ‘Buffett rule’ after billionaire investor Warren Buffett, an Obama supporter who has publicly complained that tax breaks allow him to pay a lower rate than his secretary.”
So our love of idolizing the yappy captains of industry has come to the point where George Kaiser controls investments, Warren Buffett controls tax-policy, George Soros controls media and organizing, T. Boone Pickens controls our energy policy and TV pundits treat the Donald’s TV reality candidacy like it’s, um, reality.
And we wonder why Washington and Wall Street seem so in love with each other.
Listen up people: Billionaires represent the status quo. They made their money. There is a reason why so many rich liberal do-gooders don’t want you to do so good.
For them, it’s a barrier to entry. When they call for tax on the rich, or more investment in solar, or more reading programs, or population control, you need to hear it for what it is: lobbying for their own narrow interest. And that interest has more to do with greenbacks than it does green energy.
Now that they got theirs under the old rules, they want to change the rules of the game to make it more difficult for others to get what they already have.
Does anyone really, honestly think that Warren Buffett is going to pay more in taxes when Obama starts penalizing capital gains at a higher rate?
Because if he wants to make things fairer he can: 1) give his secretary a raise and 2) pay more in taxes.
None of us are stopping him.
Did Buffett become Master of the Universe under the same system his lickspittle Obama now proposes?
This is the same government that claimed it cut spending this summer with a fake debt deal. This is the same government that cla