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Author: wax Big red star, 1000 posts Feste Award Nominee! Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 212803  
Subject: Re: OT: The Coming Inflation Tax Date: 12/13/2012 5:56 AM
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rationalwalk;

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.

Wax
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