Time for Warren Buffett to Put Up (or not) and Then…Pipe Down

Mr. Buffett: Hush

 

I keep hearing the phrase “out of bullets” from pundits who discuss what options might be available to the central planning crowd in dealing with the economy. It would be nice if these planners’ guns would be totally out of bullets. Unfortunately, as long as central planning ideology maintains its firm grip on politicians and bureaucrats, there will always be more bullets. The only way to stop the bullets is to take away the gun.

Since that doesn’t look to happen anytime soon, I’ll focus on the “bullet” suggested most frequently of late…

Eat the rich!

This class warfare battle cry is getting progressively louder (pun intended). It’s not that we have a spending problem or anything. We just need to tax the rich more. Yep, that’ll fix everything.

Some people who believe in central planning are also apparently suicidal. Or, at least, in talking a big game about “eating the rich”, they sound like they are. If a confiscatory tax structure for “upper income brackets” is energetically supported by “the rich” as a cure-all for our debt problems, isn’t that a weird form of self-cannibalization?

Sorry for that mental image – perhaps I’d better stick with the bullets analogy. Advocating for taxing “the rich”, if you’re one of them, evokes the image of a guy standing in front of a firing squad shouting, “Shoot me!”

Anyone else skeptical about such contradictions?

I can think of no better example of the seemingly suicidal, than the so-called “Oracle of Omaha”, Warren Buffett. He seems to be talking incessantly these days about taxing the rich more.

Of course Buffett’s most recent round of “eat the rich” advocacy which has generated buzz is only that — his most recent. He’s been advocating for confiscatory taxation for a long time. This recent round was set off by an August 14th New York Times‘ Op Ed piece entitled “Stop Coddling the Super-Rich”. In it, he goes out of his way to make the case that the country was actually more prosperous at times when taxation on higher brackets was even more progressive than it is currently, that capital gains tax rates will hurt no one, and that none of his super-rich friends stops from engaging in a business deal because of the tax consequences.

Mr. Buffett has been irritatingly verbose in the past month. The more he has talked, the more interested I’ve become. What begam to pique my curiosity were the inconsistencies between his business decisions and his quasi-suicidal policy positions. While I’ve learned a great deal that clears up most of the apparent inconsistencies, the specific issue of Mr. Buffett advocating for confiscatory taxation for “super-rich” people like himself cannot be rationally explained.

Regardless of the reason, one simple fact remains that my 13 year old put in the most succinct terms:

“If the guy wants to pay more taxes, why doesn’t he just write a check to the government?”

Actions speak louder than words, though, don’t they? Buffet betrays his desire to be a central planner by advocating for public policy, which is law, which in turn is ultimately, force. He wants to use government force to take money away from people and allow government planners to determine how it is spent.

Again, actions speak louder than words. Buffett has used the available laws to structure his own estate to distribute his wealth as he sees fit.

It’s free choice and control of property for me, but not for thee.

Warren Buffett needs, for once and for all, to whip out his check book and write a big fat one to the IRS for the amount of his choosing. Or not. I freely wish him the ability to make choices with his money, even if he doesn’t want to allow others to do the same.

Either way, he really needs to pipe down, permanently, on this particular subject.

But I think he needs to go quietly into that good night on all subjects pertaining to public policy. Of course he is free to avail himself of his right to free speech. But, I, and anyone else, in turn, are free to tell him to hush up.

Whether or not his advocacy for taxing the daylights out of “the super-rich” seems illogical, not even all that bright, and perhaps even slightly crazy, I happen to think that the man, if crazy, is crazy like a fox. In the next few days, I hope to show why. Stay tuned.

Stubborn_Facts

Shelli Dawdy is first and foremost the mother of three children whom she has taught at home via the classical method since removing her children from school in 2001. During her early years as a homeschool mother, she worked part-time as a freelance writer. Born and raised in the Iowa, Shelli and her husband moved to the state of South Dakota in 1997, attracted to its more limited government and friendly tax environment. In 2006, Shelli and her family relocated to Lincoln, Nebraska, when her husband’s employer offered a new position. She took a break from work and politics for a time, recognizing the need to focus solely on her childrens’ schooling with two now of high school age. Distressed by many things she was witnessing on the national political scene and disillusioned about the Republican Party, she decided to start writing again, this time online. Motivated to get involved with others at the grassroots level, she networked with activists on the social media tool, Twitter. She was involved in organizing the first tea party rallies inspired by Rick Santelli’s “rant” on CNBC in February 2009. Recognizing that activism should generate on the local level, she founded Grassroots in Nebraska in March of 2009. The group’s mission is a return to Constitutional, limited government, according to its original meaning. While the group has held several tea party rallies, it’s focus is to take effective action. Among its many projects, GiN successfully coordinated testimony for the hearing of the Nebraska Sovereignty Resolution, networked with other groups to ensure a large show of public support at the hearing, and coordinated follow up support to ensure its passage in April 2010. While working to build up GiN throughout 2009, she was asked to work as writer and producer of the documentary film, A New America, which lays out how Progressivism is responsible for how America has moved away from its Constitutional roots. You can see more of her work on Grassroots in Nebraska (GiN) and StubbornFacts