In keeping with the Obama Administration’s forceful overruling of Constitutional protections in favor of socialist tenets, the “Buffet Rule” Bill is yet another attack on individual liberty to the benefit of uber-rich power-hungry billionaires like Warren Buffet and George Soros.
There is no fairness in the current 60,000+ page tax code that is “gamed” to the max by tax attorneys and their wealthy clients. The Buffet Bill is propagandized as a “large step in the direction of greater fairness in the tax code.”
Fairness would be the complete repeal of the current tax code and replace it with real reform like a flat tax or HR 25/S 13, the FairTax Bill that that has been languishing in congress for about 10 years while Charlie Strangle kept a rangle-hold on the legislation. Real fairness threatens the status quo of the power-hungry despots at every level of government and the global order.
Nearly 50% of all Americans pay no taxes at all while the largest share of government funding comes from the top 1%. Buffet is completely disingenuous claiming “fairness” where instead he wishes to punish those who would aspire to the success he himself attained through the free-market system. The middle class would bear the brunt of this new punitive tax and lose incentive to succeed when they see the fruits of their labor going to those who are incentivized to live off the government.
No one is stopping Buffett from paying what he believes to be his “fair share” of taxes on his billions but he hasn’t done that. Instead, he, Soros and the uber-rich will use their billions to further their political aspirations by buying power positions in Obama’s administration and assist him in the complete annihilation of the Constitution of the United States and America as we know it.