Powerline has a great follow up to my recent post about Warren Buffett's tax-paying habits.
Mr. Buffett's rejoinder? Shut up.
Apparently, when a successful billionaire investor like Warren Buffett demands changes to the tax code, the rest of us are expected to bow, scrape, and make the usual subservient intonations. We aren't supposed to ask questions about the purported facts in support of those proposed changes. We are supposed to defer to our "betters".
Screw that!
First Mr. Buffett and his secretary can release all of the tax information that supports...or not...the current rhetoric. Then we can have a discussion about how whether the facts support...or not...the proposed policy. Then we can have a discussion of how that policy change would affect the rest of the country.
If Mr. Buffett wants to be a personal example for policy change, then he can accept all of responsibility that goes along with being such an example. And that does include more than a modest amount of scrutiny regarding his personal life.
The other option is that he could pay the $1,000,000,000 he currently owes the federal government. He could write an additional check because he thinks he should be taxed more. And he could write a bigger check for his secretary so that she isn't one of those "people who got the short straw in life" in his eyes.
Until that comes to pass, I have some advice for Mr. Buffett. He should be familiar with it.
Shut up.
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