Wednesday, February 22, 2012
Chris christie interview
I was just watching an interview with New Jersey governor Chris christie conducted by Piers Morgan. Christie was asked a leading question about tax rates for billionaires and his answer evolved into a statement regarding Warren Buffet. "buffet should write a check to the government and shutup" was I believe how he phrased it. That is not the right answer regarding Buffets tax situation. It's really simple, every dollar that Buffet is allowed to keep is used to invest in companies with the goal of making them better and more competitive. So far, he has been extremely successful at this. On what planet would it benefit a society to take money away from the people who use it for the greater good and give it to a government that uses it in a comically inefficient way.Every time Buffet has complained about his paying too little taxes the only conclusion I can draw is that he has been so focused on creating wealth through brilliant business management that he never put much thought into the more macro picture regarding economics. Even Warren Buffet can be wrong. Oh, and forgot to mention that Buffet has committed most of his fortune to private charities on the occasion of his death. It's simple to make the argument that Buffet is taxed too much and his opinion on the subject has no greater weight than anyone else's.
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