Site for Free Markets and Free People

Wednesday, February 22, 2012

Warren Buffett: Please Shut Up

Governor Christie is absolutely right about whiney Warren Buffett and I'm glad someone finally had the guts to say it.

Christie said Buffett "should just write a check and shut up."

Actually, I have a better idea. Instead of having everyone with an income above $250,000/year pay higher taxes, here's what we should do:

The government should enact an ultra-high wealth tax, only for people worth above $40 billion dollars. The tax rate should be 99.99% on their assets. I think that's fair because Buffett would still be left with $4 million which would still put him in the top 1% of all wealthy Americans. Also, all charitable foundations should be dissolved because it's obvious that the government can do the job better than they can. That's MY Buffett Rule.