Is anyone besides me getting a little weary of the unsolicited tax advice coming from Warren Buffett? What a relief to read that some of his contemporaries are. Harvey Golub, former CEO of American Express airs it out in his Wall Street Journal piece as he breaks down the fact and fiction of Buffett’s assertions. One has to wonder if we would have to endure this current ad hominem if the entire tax code were rewritten to broaden the tax base (read: require the lower 45% to “invest” in running this country) reworked the current deduction loopholes that Messrs. Buffet, Soros, Damon, et al enjoy, and truly reformed how Congress appropriates tax revenues. I somehow doubt The Oracle of Omaha would be such a progressive tax shill for The Obama of DC.
Posted on August 30, 2011 by basicman