Message Font: Serif | Sans-Serif
No. of Recommendations: 2

People in the public spotlight say and do many things within the context of that public spotlight, and as far as I'm concerned Mr. Buffett is no different.

As I have said, if Mr. Buffett believes he should pay more taxes, then all he needs to do is stop flapping his gums, write a check for 40% of his Unadjusted Gross Income, and send it in.

I mean as you noted..."He is obviously doing what he believes to be in the best interests of the country."

In the end, the middle class are going to get screwed, that's a given. Taxes are going to increase and the increase is going to be immediate when it happens.

Cuts in government spending will not be immediate, they will take place over a 10 (or more) year period.

Regardless, deficit spending will continue, the national debt will grow, and the same worthless Congressional folks will continue to be re-elected.

The only thing that will change is that you and I will have less change in our pockets.

But golly...Mr. Buffett should be happy.

Print the post  


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.
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.