MSNBC political commentator Pat Buchanan is super-annoyed with billionaire investor Warren Buffett’s belief that the super-rich deserve tax increases.
Earlier this morning, The Blaze covered Buffett’s notion, as written in The New York Times, that taxes should be raised for those making more than $1 million. This morning, Buchanan had plenty to say in response to this ideal:
“I’m a little fed up with these people who come on, you know, their big op-eds, all these admonitions. Why doesn’t he set an example and send a check for $5 billion to the federal government? He’s got about $40 billion. You know, you had a plan up there, I talked to Howie Carr at Boston where the super-rich could contribute an extra amount. It was something like one-tenth of one percent did it. You get all this noise from these big rich folks. Let them send checks and set an example instead of writing op-eds.”
Watch Buchanan make these comments, below:
NewsBusters also highlights the fact that outlets like Yahoo! News and The Huffington Post gave prominence to Buffett’s claims, indicating what the media watchdog sees as the perpetuation of left-leaning ideals on tax policy.
While Buffett is certainly entitled to his opinion on the matter, critics like Buchanan are likely to continue poking holes in his commentary, especially considering Buffett’s ability to willingly take on more of a tax burden if he so chooses.
Read More at the Blaze By Billy Hallowell, the Blaze
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The superrich are quite safe from most any tax hikes especially the ones that can drive down their competition IE all the little guys they claim to protect. Yet the even smaller guys are in greater numbers and will attack the not so big guys over the ideal further stifling the competition. Keeping on the government’s good side is the best way to keep your loopholes while eliminating your competitor’s loopholes.
As we all love innuendo a quick search can find the percentage of what Buffet paid in taxes and your average superrich guy making one million dollars. You can bet your cookies Buffet spent more on politicians than taxes. Note that Bill Gates is now a beloved speaker and business man today. Does anyone remember what happened to Gates when he was non-vocal about politics and had only two lobbyists?
Ten million, 20 million, 30 million, 40 million… Hello Sharia flag, for English please press 2!
http://www.reformdc.com
P.S. Did you vote this week at “you cut”? http://majorityleader.gov/YouCut/
They have removed the “and tell us what else to cut” link.
It would be a great idea if the wealthiest millionaires like Buffett, Gore, Kerry, Gates, Oprah and the rest of the lot to add more taxes without involving everyone else While were at it, since Obama is such a fabulous FUND RAISER running around on the taxpayers dime, how about raising funds from his supporters to pay down the debt instead of using it to fuel his campaign.
I can't believe these millionaires/billionaires are giving this guy donations for his re-election when Obama and their party are insulting them that they have too much money and needs to share t he wealth. Obama is getting there as a millionaire/billionaire himself. Do you think Obama is going to be that generous to give away his own wealth? Let's get real.
Right on, O will proably take the money for himself and his personal use. Again, they will find someway of taxing us little people and they continue to get rich off of us.
I'm sure the "Oracle" won't see this, but here's the only way his suggestion would work. A temporary (established with a sunset clause) tax bill could be generated and approved, authorizing a large tax on those who have an annual income of more than two million. The revenue from this provision would be used solely to bring down the Federal debt. Additionally, the government would be required to find ways to reduce costs (spending) by the same amount of this new revenue. Under the provisions of the sunset clause, once the Federal budget was balanced, the tax would expire. Collecting additional revenue, without such provisions, would just give the liberal/progressives more money to squander on pork belly and buy more votes.
5 Billion would only pay for the deficit for 1.1 day in Washington. They are adding 4 billion a day to the debt. That is from their calculations, I am sure it is higher because we know no one can count over there. The Health-scare bill is going to cost us trillions in just debt over the next decade, but everyone except the ones that were for it before they put a waiver in to get out of it will be paying for this bill that does nothing to advance the health of the nation or its people. They just don't get it do they? We are tired of Washington and its spending habit. I pay enough taxes now and so does every one of the 54 percent that are paying under this system. Don't get me started, to late. These scumbags have spent money that was not intended for general funds but from programs like Social Security, Medicare, Medicaid. Do you know that the Federal Government collected funds from all the nuclear industries to safely store waste and they spent all that money to on other things. How many other "Revenues" have they spent on boondoggles instead of what they said the money was being collected for? We need to vote all that are in OUT, Party does not matter, the Party is over for all incumbents. We must impose a term limits at the voters level that will send new fresh people to Washington that promise to spend our money and stop borrowing money from countries like China that is only successful in sending us poor quality crap that last a very short time, so we have to buy more of their crap. It cheap because they make them cheap.
Now I feel better, becuase 5 billion will be spent in less than 9 hours in Washington. Sad isn't it.
14th line should have wisely after in and before spend. Sorry got ranting and could not control myself.
Behave ireuel
LOL
Warren Buffet's comment on the rich paying more taxes is just not realistic. The Federal Government /
I.R.S. will be waiting a very long time for Buffet's check.
Even if you taxed every rich person in America enough to bankrupt them, it
would only touch a small fraction of the deficit.
GARY OF COLO.YOU ARE ABSOLUTELY RIGHT.
SORRY FOR THE ALL CAPS BUT I SPRAINED MY LEFT WRIST LAST NIGHT PLAYING TENNIS.
Sorry to hear that.
Hope you get well soon.
At least I understand the all caps now.
Just why don't fat cat Buffett bail out Mr. Obasma if he wants to see the change.