Wednesday, August 17, 2011
Warren Buffett, SHUT UP!
The other day, Warren Buffett once again called for raising taxes on the “rich”. Buffett comes across as a nice rich grandpa and is very popular, so he usually gets kid glove treatment.
But it is time to take the gloves off.
The arrogance of a man who is worth billions calling on the feds to make it harder for those behind him to create wealth galls me.
And it appears I am not the only one. The Wall Street Journal goes yard on his hypocrisy this morning, concluding:
Mr. Buffett is one of the great stock-pickers of his time, and we don't begrudge him a single dollar of his wealth. We only wish that, having already made himself rich, he weren't so intent on making it harder for others to become rich too. If he's worried about being undertaxed, we'd suggest he simply write a big check to Uncle Sam and go back to his day job of picking investments.
In other words, Warren Buffett, SHUT UP!