Buffett’s Pronouncement: Altruistic or Just Good Business?

Those of you that think that Warren Buffett’s recent pronouncement that the rich should pay more taxes was made for altruistic reasons, should think again. Buffett, while being just as greedy as the next billionaire, is also an extremely astute businessman. DAH. He realizes that the Omnibus Budget Reconciliation Act of 1993 that resulted in the longest-running business cycle expansion in US history raised taxes on the wealthiest 1.2% of taxpayers.



Buffett & Barack: Looks like Obama understands but does he?


During the economic boom of the Clinton years (1993-2001), not only did the rich get richer but everyone else got better off, too. As Harry Truman once said “If you want to live like a Republican, you have to vote Democrat.” This is something that Tea Party members and small business owners just cannot comprehend, and what makes them candidates for the stupidest people in the world.

I do not want you to think that I am disparaging Buffet’s philanthropic record. He has given away billions and that is to be commended! The point is that he is also a great businessperson and understands that when Big Business and the wealthy start paying their fail share of taxes, then America will truly be on the road to recovery and ALL AMERICANS will be better off.