It seems to be almost a law of human nature that it is easier for people to agree on a negative program – on the hatred of an enemy, on the envy of those better off – than on any positive task. - Friedrich Hayek [The Road to Serfdom]
For those people who don't want to give their share to the government would have a hard time in complying on this rule. But if they believe that in giving they are receiving more, then there will be no problem.
Buffet made his fortune by, among other things, exploiting the tax code to the limit. Nowadays, of course, the Sage of Omaha is happy to back higher taxes...that won't apply to him and his fortune.
Alternate headline: "Incredibly rich man has no problem backing rules to stop other people from becoming rich." And that's his right. But you'll pardon me if I don't find his actions particularly laudable.
(Now, if he wanted to donate a portion of his wealth to the Treasury based on applying the new tax rules retroactively...well now, THAT would be impressive. And he's even donating most of his wealth - to private charities. Apparently he doesn't want the government spending his money, just yours and mine. How "selfless".)
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[ 4.3 ms ] story [ 27.9 ms ] threadAlternate headline: "Incredibly rich man has no problem backing rules to stop other people from becoming rich." And that's his right. But you'll pardon me if I don't find his actions particularly laudable.
(Now, if he wanted to donate a portion of his wealth to the Treasury based on applying the new tax rules retroactively...well now, THAT would be impressive. And he's even donating most of his wealth - to private charities. Apparently he doesn't want the government spending his money, just yours and mine. How "selfless".)