Warren Buffett’s op-ed piece in yesterday ’s NY Times has created quite a stir. Unlike his ABC interview last year, in which he expressed the same view about the wisdom of raising taxes on the wealthy, this time word has gotten around — and people are solidly behind him. It puts Republicans on the spot as it highlights the emptiness of their position all along! And how much damage that position has done to the economy? It may be impossible to assess, but it’s been clear to progressives that the low capital gains tax rate has contributed mightily to the deficit, and the debt — and Buffett makes it clear that the low rate does nothing to stimulate investment. He should know, because that’s what he does for a living — invest.
Republicans, wake up. Buffett exposes your lies and confirms your treachery. Even your wealthy allies may start to jump ship rather than become pariahs as the country collapses.
Liberal Buzz 