Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
No, there is no logical inconsistency, and your argument about the speed limit is poor.

There definitely is an inconsistency. Buffett wants the rich to pay more taxes. He lobbies the government to this end. Then he minimizes the taxes he pays. If he feels that he has a moral obligation as a rich person to pay high taxes, he could certainly act morally by paying extra that the government isn't requiring. He doesn't do this.


When has Buffett ever lobbied the government to raise taxes on the rich? He may have mentioned it in the shareholders meeting, but I don't recall him *ever* lobbying the government. When has he ever said that he has a moral obligation as a rich person to pay high taxes? It's one thing to think that the system would be improved if the wealthy had to pay higher taxes; it's quite another to think it is a *moral* obligation.

Why should he unilaterally pay higher taxes? After all, it would have very little impact. Only if *all* the wealthy were required to pay higher taxes would there be a substantial impact.

While it may be immoral to speed and put other people's lives in jeopardy, it certainly isn't immoral to not want to voluntarily pay more taxes than you are required by law.

I agree, but you missed my point. If Buffett wanted a lower speed limit, he could certainly drive slower in an attempt to encourage others. The public safety issue is a red herring.


So Buffett should pay higher taxes than he is legally required to encourage others to do so? That is just plain ridiculous. It would have virtually no impact.

This conversation is over.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement