In yesterday’s New York Times, the oracle of Omaha wrote a plea for Congress to “Stop coddling the super-rich” and raise his taxes and all those of the people making more than $1million a year.
I highly recommend you read it- and then laugh:
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
This is my response to Mr. Buffett.
If Mr. Buffett was truly sorry about the situation the poor and middle class (which for his info are becoming one and the same) were in, he could change the tax code the same way it got the way it is- by buying his own politicians, just like all his rich friends have for years.
In fact, this is his way of side-stepping the expensive process that runs our country, the one that we mock in other countries as corrupt- the pay-to-play system, the auction of political office to the highest bidder. Buffett doesn’t want to have to pay to get his way- instead he just writes an op-ed column for the New York Times and walks away.
The real answer is for him to back a third party slate of honest politicians (if they can still be found) to go to Washington and do his bidding for him. First order of business would be to pass laws to publicly fund elections, taking the grease out of the fundraising wheels, and second, to reform our elections so that it’s not a lesser of two evils choice, moving to instant runoff ballots. Those two changes would give his ideas of changing the tax code a chance to actually happen.
Buffett is no stranger to giving money to politicians- you can look up his donations here:
His total is $119,400 according to the FEC- and while that may seem like a lot to some of us, it’s barely rounding error on his taxes (he seems to favor Dems). Frankly, he’s not even a player in the political slush fund arena- which may be one reason he’s so wealthy.
There are solutions to stop coddling the rich and help the rest of us. Mr. Buffett, they require someone to outbid your wealthy friends on our behalf. Are you up to it?