According to Pat Buchanan, taxing investment at something north of half of the rate work is taxed is
rooted in the philosophy of envy and the gospel of greed.
(Video here. Why's that?
Mr.Buffett says he is unhappy because he doesn't pay as high a tax rate as he says his secretary does.
I suppose he envies his secretary's high tax rate and is greedy for more tax payments. Watch the clip, not even John McLaughlin can make any sense of this. Asking Buchanan to explain how it is that Buffett's claim that it is unfair that he pays a lower tax rate on his investment than his secretary does on work might amount to greed or envy, Buchanan retorts:
I think he's a plutocrat who is playing to the crowd.
Plutocrats, always playing to the crowd by demanding higher taxes on themselves. This has to be the worst ad hominem circumstantial in the history of the McLaughlin Group.
One thought on “Gospel of greed”
If somebody asks, "Why does a man who makes more money in a day than I earn in a year pay taxes at a lower rate than I do," what can it be called other than naked class warfare? Buffett is encouraging people to think like that, instead of fantasizing that one day they will be billionaires and enjoy that lower tax rate for themselves, a sure formula for class equality.
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