Keep your hands off
Published by StB on Thursday, December 13, 2007 at 10:06 AM.SignonSanDiego.com>In joint appearance, Hillary Rodham Clinton and Warren Buffett denounce income gap
“The estate tax has been historically part of our very fundamental belief that
we should have a meritocracy, that we do not want a system – where we expect
people to make it on their own – to be, over time, dominated by inherited
wealth,” she said. “That we do believe that people should have to get out there
and make their way, to a great extent.”
If you would get off your high horse, you would see that people are making it on their own. And the last thing they want is for the government to grab their money when they die instead of letting it be passed down to their children and grandchildren. Not everyone that receives an inheritance acts like Paris Hilton. There are many people that continue to work hard. It is the way people raise their children- not the money they have- that makes this country stable. To this extent, Buffet is a hypocrite. He has already stated his kids will not get his cash and that he expects them to earn it. Why not give allow families across the country to make that same decision?
Why do they think the government is entitled to receive a paycheck when people die? If anything, the estate tax should be repealed.
Buffet and Clinton warned of the dangers of a growing gap between rich and poor,
and a tax system that disproportionately helps people Buffet called “these
super-rich” – himself included. Both said political and economic instability
could result.
“In the last seven-eight years what has happened is that the
super-rich have gotten a huge break,” Buffett said.
Said Clinton: “There's a growing sense that it's not working for the average American. If people feel that for whatever reason the deck is stacked against them, then that does feed the instability.”
Since when is a system that treats everyone fairly a huge break? Buffet and his "super-rich" still pay the bulk of taxes in this country by a wide margin and get very little in return. If he is worried about political instability then he should get off a stage with Clinton. Her own personal power trip- along with her husband- was all about getting the money. Wooing the big bucks to get into office by any means possible. Ask Peter Paul.
If Buffet feels guilty about this, why is he not giving the money to the government now? Probably because he knows how inefficient the government is with their programs. When Bush proposed his tax cuts years ago, the philosophy was simple. It is my money and I know how to spend my money better than the government does. That still stands today.