Liberals, or rather a political and rather partisan segment of our society that wishes to
liberate from us our money, are quoting Warren Buffett's oped in the NYT,
Stop Coddling the Super-Rich. After five seconds of contemplation on the matter, I conclude that the
Shyster Oracle of Omaha is treating us much like that of a well-fed kitten with a mouse: now he's just fucking with us.
From the article:
And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
That would be interesting if it weren't misleading. In the 1980's, the income tax rates on individuals dropped...
A LOT! It dropped nearly 20 percentage points in 1981, another 12 points in 1986, and another 10 points the year after that. Those numbers are quite a bit more substantial than the 4 point difference between today's rate and that of the Clinton years, which is where a lot of liberals claim we need to be.
This is like one of those sidewalk con games where you have to keep track of your card being shuffled among the others, never noticing the slight of hand. From uber-liberal
John Gruber (from where I stumbled upon the NYT oped):
Warren Buffett calls for higher taxes on income — all income — over $1 million per year
Not so fast, skippy! Go back and read Buffett's oped:
But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains.
Notice that Buffett says "those", referring to a group of people, and "households". That doesn't sound like
ALL INCOME, it just sounds like income on individuals. Now why would a super-rich guy like Buffett leave out income from big companies and corporations? As it turns out, Buffett's vast wealth --
to the tune of $38 billion -- is tied up in unrealized gains in his investment company Berkshire Hathaway. Is it not odd that he is not asking for that big pile of cash to be taxed at a higher rate? Beware a super-rich man asking to have taxes raised; he is not talking about
his taxes.
And now for a little lesson is spending other people's money: