Don’t Be a Fool to the Buffet Rule!

Howdy there, folks! I know it has been a while, but I’m back. I’ve gotten a new job and I work all day long all week so my time here has been limited to weekends. Enough of that though; how ya’ been!

Anyway, I wanted to touch on a subject that has exposed the gullibility of a lot of people and I hope my “eloquent rhetoric” can clear some things up.

I’m sure by now you have heard of the Buffet Rule . This is a proposal by Mr. President Obama that would impose a minimum 30% tax rate on those fortunate enough to make one million dollars (or more) a year. It gets its name from super-gazillionaire, Warren Buffet, who recently famously bemoaned the fact that he paid less taxes than his secretary. Many of us praised Mr. Buffet for realizing this and further heaped even more accolades on sir President who has always belched that the rich need to pay their “fair share” in taxes, whatever that means (keep in mind that the top 10% of Americans [i.e. the richest among us] pay a little more than 70% of taxes in this country).

How gullible can we get?

This is why we all need to at least take a course on simple economics. I’ve been hearing for most of my life that the rich are getting richer and the poor are getting poorer; there is a reason for that. The rich are getting smarter about their money while the poor are depending on Big Brother Government for handouts. Warren Buffet isn’t stupid, but he depends on the rest of us to be so we won’t dig deeper into his statement about the rich needing to pay more in taxes.

Mr Buffet gets most of his income from capital gains investments; most of us get our income from salaries and wages. What we need to understand is that investments are taxed at a much lower rate than than salaries and wages. If a person makes his income from investments, law states that after making a certain amount, some of this income needs to be received as a salary. So, in keeping with the law, Mr Buffet receives anywhere from $80,000 to $100,000 a year as salary. His secretary, however, gets all of her income from Mr Buffet in the form of a salary ($400,000 a year), so when it comes to salary, Mr Buffet’s secretary makes more than her boss so, therefore, she is going to be taxed at a higher rate. However, Mr Buffet is somewhat in the clear because he knows his investments are safe because they are not taxed at the same rate as his salary. How many of us receive most of our income from investments? Relatively, not that many of us.

So, Mr Buffet can make his statement because he knows his money is going to be fine, while most of us praise his erroneous comments because we don’t know the first thing about how the economy or investments work. So why did he make his comment about paying more taxes than his secretary? I can sum it up in two words: class warfare.

The elites who run this country are filthy rich, and why this fact escapes most people, I don’t know. They are the ones in power who run things from the top. Of course, they don’t want to lose their elite status because things could get a little crowded at the top, if you know what I mean. So, they adopt the mantra to direct at those underneath them to do as I say, not as I do. They tell the poor that the reason they are poor is because the rich folks have trodden them under their feet so they could get wealthy. This leads to class envy in which the poor begin to blame the rich for all their problems. They say things like: The major companies don’t want to raise the minimum wage because the rich folks that own them want to keep the poor in poverty, or The rich have all those millions; they don’t need all that money. The reason they have all that money is because they don’t want to share it with the rest of us! The resulting conflict benefits the elites because the largest class of people in the country aren’t wealthy. They are hard working people working to make a living for themselves, their families, and others. They begin to view the wealthy as lazy folks who won’t lift their fingers to do an ounce of hard work while the rest of us struggle to make a living. Where does all this lead to? Power. The “oppressed” tend to vote and keep the elites in power because they believe the elites will fix everything and the world will be hunky-dory, rainbows everywhere. Common sense will dictate to us that it hasn’t happened. We have heard the elites make promise after promise for decades and nothing has gotten better. WAKE UP, PEOPLE!!!!!!  The higher-ups are the players who view the rest of us as chess pieces.

Can I ask you a question? Have you ever been hired by a poor person? If you have, you didn’t get paid what you deserved. To suggest that everything needs to be “fair and equal” when it comes to the economy is nothing more than a promotion for socialism. Just study any country that has practiced it. The people live in abject poverty while the elites running their countries live like fat cats (meow). Eventually, the elites run out of other peoples’ money and the nations collapse into economic ruin. Socialism (and its siblings, communism and fascism) have NEVER worked.

So, Mr Buffet, here is one person who is not ignorant to your motives. You didn’t get rich by chance; you know most of the tricks and the trades of investing and economics and you also know that many of us are ignorant to how they work. If you are so concerned about your secretary paying more in taxes than you then why don’t you accept your investments as a salary so you can equal the playing field. Hmmm? Sounds fair doesn’t it? Lastly, if you are looking for someone to bless with a financial bonus, you need to look no farther than the author of this article. I’ll be waiting.

I leave you with this quote from Norman Thomas, former presidential candidate for the Socialist Party of America:

You all have a good day and I’ll see you on the rebound.

My Bad

I am going to take this time to print a retraction, of sorts, to one of my articles, titled Trayvon Martin – A National Tragedy In More Ways Than One, for this statement:

The shooter (murderer?) said he acted in self-defense and I, for one, am not buying it. Mr Zimmerman is taller and heavier than his victim and I find it hard to believe that he felt threatened by a bag of candy and a bottled beverage. Something is afoot here and time, hopefully, will reveal the real answer of what went on.

Let me say that in light of more information coming in about the Martin/Zimmerman case, I seriously regret making the above statement because it seems to have been made in error. I, for one, am not a proud person and I will admit when I make a mistake. Now, the easy thing for me to do would have been to delete the entire article and forget about it. However, I’m leaving it posted so future readers can see that I am human and that I will admit to my mistakes (unlike the libs, who like to cover up their shortcomings).

This is a good time to learn the lesson of not jumping to conclusions when we hear a story reported by the MSM (mainstream media), as this case serves as a prime example of how manipulating they can be. We have all seen the pictures of Trayvon Martin and George Zimmerman posted side by side. What a lot of us failed to realize (myself included) is that the pictures are fairly dated. The picture of Martin is from four or five years ago when he was 12 or 13 years old, whereas the mug shot of Zimmerman was also from several years ago. Basically, the media wanted to manipulate the public into believing this “innocent” kid met his fate at the hands of a career criminal who just so happens to be “white” (he looks Hispanic to me). Of course, the media didn’t use more updated photos of the two because that would defeat their purpose of stirring up the racial fires so they can have some serious news to report. I really do believe that the MSM sees the rest of us as guinea pigs to experiment on the reactions to their news stories. Moreover, the MSM is not about honest, truthful reporting; they want to report to the rest of us the news they think we should see. So, they edit, cut, and paste news clips to come up with a story that is not meant to convey the truth but to incite a reaction. Keep in mind that the mantra of the news media is to report the news, not the truth.

Anyway, I apologize for the above statement because Zimmerman was not taller and heavier than Martin. Moreover, even though the boy was carrying a bag of Skittles and a bottle of tea, he probably could have represented a serious threat to Mr Zimmerman; only time and evidence can tell.

In the meantime, many of us need to swallow our pride and admit that the MSM played us like a ten-cent flute. I’ve swallowed mine and, let me tell you, it didn’t go down real easy.

You all have a nice day and I’ll see you on the rebound.