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November 29, 2010

Warren Buffet: Philanthropic Bullshit Artist

Why did Buffett not become an advocate of higher taxes on those who make over $250,000 when he was in his twenties and thirties and desperately trying to pile up his first five or so million?
Did he really pay astronomical income taxes at those astronomical tax rates in the 1950s and 1960s or seek to avoid them through capital gains lower taxes and write-offs? Why do so many of these zillionaires chase the dollar almost to the exclusion of all else, and then only when wildly successful in a manner that the other 99% were not, suddenly in the twilight years want to make it tougher on others? Is that the price of penance? -- Works and Days サ Reflections On An Ailing Society

Posted by Vanderleun at November 29, 2010 2:56 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

No one is preventing him from writing a huge check to the government. Until he does that, he can scrub his butt with a dried corn cob. Better yet, let Gates scrub it for him.

Posted by: Vermont Woodchuck at November 30, 2010 3:31 PM