Re: 2011 U.S. Budget Cut in Perspective
The operative lesson from watching (not listening to**) these obviously very smart guys is what they do with their own money. They clearly believe they can spend it more wisely and productively than the government or they would just give it all to the government.
Middle America is taxed because like Willie Sutton said, "that's where the money is..." The class warfare screed is either horribly misinformed or a diversionary smokescreen for getting their fingers in more honey pots. Or something else, I'll leave that for others to opine.
JR
** Buffet is widely quoted for saying his secretary is taxed at a higher "rate" then he is. Ignoring how much more than her he actually pays, and the little detail that so much of his income is passive.. He even pays himself in Berkshire stock. He's clever too.
PS: Government redistribution is less than zero sum since they destroy wealth in the process, and discourage the pursuit of more. LOSE-LOSE-LOSE-win
