As a free market capitalist, I don’t begrudge anybody financial success of any level that they came upon honestly through hard and/or smart work. That said, some rich people sure do go out of their way to earn some of that contempt that comes their way:
Warren Buffett, the third wealthiest man in the world with a net worth of around $80 billion, is demanding the U.S. government make the rich like him pay higher taxes and says they should no longer be protected like endangered “spotted owls.”
In a New York Times op-ed on Monday, titled “Stop Coddling the Rich,” Buffett, Berkshire Hathaway’s chair and CEO, said he and his “mega-rich” friends have been spared the “shared sacrifice” the country’s leaders have asked for as the country veers toward a double-dip recession.
The reason Buffett’s proposal is preposterous as a “solution” to US financial nightmare is simple. The net worth of Buffett — one of the richest men in the world — could be confiscated (which frankly wouldn’t bother me much at this point) and it would run our government for about a week, give or take another bailout or stimulus. And we’d run out of Warren Buffett types — the “mega rich” — real fast.
I’ve mentioned it before, but the government would welcome a voluntary donation from Warren Buffett in any amount. Or, he could send each and every American living today a check for about $225. Hey, I wouldn’t argue with him.
I just don’t get it. There is a group of wealthy people, Warren Buffett included, who are sitting around looking at what’s being done to America’s economy and saying this to themselves “If only more of my money were wasted by the government things would get better” when money wasted by the government is the problem!
It’s true what they say: Some people are wealthy in spite of themselves.