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12thMan · 08-16-2011, 03:41 PM

Mlmpetert, I think you're completely missing the point in Mr. Buffet's comments. He's already a responsible tax paying citizen who also happens to be a role model of philanthropy. Him giving a bigger check to a government that won't fix what's already within it's power won't add to Buffet's stature in my opinion. But him sending a good portion of his wealth to those who are powerless and in need, on the other hand, says a lot about the type of individual he is and that's a worthy example to follow. It's perfectly reasonable for him to voice his opinion about a dysfunctional government and the lack of fairness in our tax code, which you've also pointed out.

I saw a statistic today that if Warren Buffet donated all of his money to the government tomorrow, it would only dent the deficit by approximately 3%. So we accomplish two things: Warren Buffet is now broke and we still haven't solved our problem. But the underlying premise of your Buffet should lead by example means that only those follow-up with action can critique our government? I think Buffet's comments are more symbolic than anything. If he's saying this then I'm sure there are many more in his income tax bracket that share his sentiment.

08-16-2011, 03:41 PM	#24
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: US Credit Rating Downgraded To AA+ Mlmpetert, I think you're completely missing the point in Mr. Buffet's comments. He's already a responsible tax paying citizen who also happens to be a role model of philanthropy. Him giving a bigger check to a government that won't fix what's already within it's power won't add to Buffet's stature in my opinion. But him sending a good portion of his wealth to those who are powerless and in need, on the other hand, says a lot about the type of individual he is and that's a worthy example to follow. It's perfectly reasonable for him to voice his opinion about a dysfunctional government and the lack of fairness in our tax code, which you've also pointed out. I saw a statistic today that if Warren Buffet donated all of his money to the government tomorrow, it would only dent the deficit by approximately 3%. So we accomplish two things: Warren Buffet is now broke and we still haven't solved our problem. But the underlying premise of your Buffet should lead by example means that only those follow-up with action can critique our government? I think Buffet's comments are more symbolic than anything. If he's saying this then I'm sure there are many more in his income tax bracket that share his sentiment.