The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Thursday, December 22, 2011

Warren Buffett: A Wealthy Philanthropist with Some Bad Ideas

From The Capitol Research Center and The Heritage Foundation:


Philanthropy





Warren Buffett: A Wealthy Philanthropist with Some Bad Ideas



by Martin Morse Wooster



Capital Research Center



December 16, 2011



Foundation Watch





Warren Buffett has a genius for making money but he has some very bad ideas about taxing people who know how to make money. Unfortunately President Obama is listening; having dubbed his tax on the rich and super-rich the “Buffet rule”. Buffet ought to be advocating policies that ensure the creation of more great fortunes instead of trying to punish the successful by calling for higher taxes on their wealth. A smaller government would be less likely to ask the rich for “shared sacrifice.” If he wants to restore America’s prosperity, it’s not too late for him to call for lower taxes and minimal government.





URL: capitalresearch.org/2011/11/warren-buffett-a-wealthy-philanthropist-with-some-bad-ideas/







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