Post by Steady Micro Aggressor on Apr 13, 2012 17:05:24 GMT -5
Here it goes again, the ever predictable push to tax the rich. This time it's being referred to as the Buffet rule. Named for Warren Buffet, who feels like he doesn't pay enough taxes yet can't motivate himself to write a check, the Buffet Rule is sold as an act of fairness and virtue. But there is nothing fair about it. Both the Heritage Foundation and the Cato Institute have published brilliant analysis discrediting the fairness angle. As far as virtue, how is a back door tax increase on everyone sold as a tax hike on the rich a good thing? That's not virtuous, that's manipulative. For the Most part, the rich are rich because they produce a service or product that people want or need to purchase. There are exceptions, like the Kennedys, the Bushs, The Obamas, The Pelosis, The Grahams, the Romneys, The Klintooooons, the Rockefellers and the rest of the public sector elites who have money yet produce nothing. But the vast Majority of the rich do produce something. When you raise taxes on those rich, they'll pass that tax increase on to the rest of us. Now spare me the indignant outrage, we'd all do the same thing. So raising taxes on the wealthiest of Americans is actually raising taxes on us all. Too many people are so worried about whats going on with everyone else that they have no clue what's going on in their own backyard. That allows easy manipulation like this Buffet rule nonsense.