Monday, November 29, 2010

The hypocrisy of the "tax-us-more" billionaires.

ABC's Amanpour Trumpets 'Tax Us More' Liberal Democratic Quartet
At a time when the American mood has turned against excessive government spending, Christiane Amanpour devoted Sunday’s This Week to four liberal Democratic billionaires, though she failed to identify their political orientation, who want higher income tax rates on the wealthy. Unmentioned during the pre-taped interviews with Warren Buffett, Bill and Melinda Gates, Ted Turner and Tom Steyer revolving around their participation in “The Giving Pledge” – the promise to give away at least half their wealth: how they are free now to give all the money they want to the federal government.Amanpour began by touting: “Warren Buffett has been practically begging the country, begging Congress to tax him more. In fact, many of the richest Americans like Buffett, Bill and Melinda Gates and Ted Turner say that they should pay higher tax.”
****There might be more sincerity to their statements if deductions for "charitable" giving were not made. That is, what does one want to do with one's money? Providing for one's progeny is a small part for these folks; they really want to dispose of their money in ways that they like. This does NOT include letting it get spent by the Government! They know as well as anyone that the government pisses money away and they don't want to give very much of their money for this purpose. Instead, they set up foundations or give to causes that delight them. This really isn't different from not paying taxes and "spending" your money on the things you like or want to do.****

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