So Warren Buffet said that the reason he supports raising taxes on the rich is that it would boost the morale of the middle class. Seems like he’s cribbing from my “goose punch” theory of economics I presented in a column a while back. Because there is no logical reason for all this obsession on raising taxes on the rich that has ever been presented. The amount of revenue it’s expected is minuscule compared to the size of the deficit, and while many argue it will hurt job growth, a science fiction author couldn’t even come up with a scenario in which it would lead to more jobs.
Anyway, as I’ve said many times, be very wary of rich people railing against rich people — especially someone like Warren Buffet who is richer than about anyone. You’ll never find more dishonest people.
Including Obama, of course. He started a hashtag yesterday of #My2K where he’s trying to convince people he’s going to give us $2000 extra when in reality he’s threatening to take $2000 away from us if we don’t allow him to raise taxes on the rich. So either let him do his job-killing tax raise that no one will even argue will lead to anything useful, or he’ll soak the middle class. Come on, the campaign is over; could you be less of a jackass for just a little bit?