Tag archive

Warren Buffett

Economics/Politics

The Tax Increase In Reform’s Clothing

In a 2011 piece for the New York Times, leftist billionaire Warren Buffett claimed that investment managers are getting “extraordinary tax breaks,” due to the classification of income from managing others’ money as “capital gains.” “Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as ‘carried interest,’ thereby getting a bargain 15 percent tax rate,” Buffett said, always portaying himself as the patriotic rich man willing to pay his “fair share” of taxes. Under the current tax code, capital gains are taxed at 15 percent, rather than the top tax rate… Keep Reading

hypocrisy
Politics

Hypocrisy At The Heart Of The Left

There exists no dearth of outrage on the Left toward the perceived hypocrisy of President Donald Trump and the Republican Party at large. Mr. Trump, they remind us, was elected due to a number of campaign promises, not least of them was the pledge to “drain the swamp”, a not-so-thinly-veiled allusion to the pervasive influence of lobbyists and career politicians infesting the halls of power in Washington, D.C. Mr. Trump’s cabinet nominees, particularly Steve Mnuchin and Betsy DeVos, are stark examples in the minds of leftists that our president has broken his word. The Left is correct, from time to… Keep Reading

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