I say it’s time to sacrifice the billionaires to save small business...and the GOP.
Let’s start with the Warren Buffett story. Buffett is a complete phony, a con man. He’s the biggest tax avoider in America, yet he tries to portray himself as a “fair and generous man” who gladly wants to pay more taxes. It’s time to call his bluff.
Buffett and his best friend Obama have played a con game on the American people for too long. A Washington D.C. version of Three-Card-Monte, they misdirect, distract, and divide with class warfare. The truth is the “Top 2%” they are so keen on taxing isn’t made up of billionaires with yachts and private planes. It’s mostly a bunch of hard-working small business owners (like me) who have no money to spare.
Buffett is a world-class phony and hypocrite. Buffett or any other billionaire liberal can voluntarily pay 35% tax rates (or higher) any time they want. Why not 50%? Or 90%? Billionaires don't need the money, or so says Buffett. If he’s so keen on paying more taxes than his secretary, why does he choose to pay her with income that will be taxed at higher rates, and yet convert all his income to capital gains, so he pays the smallest amount? What a hypocrite!
Are you aware Buffett is in a BIILLION dollar tax fight with the IRS? Yes, for years Buffett has paid the best tax lawyers money can buy to not pay a billion dollars one of his companies owes the United States. If you’re rich, generous and intent on paying more, why not just pay what you owe?
The reason, of course, is because Buffett doesn’t intend to pay more . He wants you and me to pay more. His accountants and lawyers will keep his taxes low or nonexistent. High income tax rates are another way billionaires, like Buffet, who don’t live off their income, increase their advantage over small businessmen like me who can only compete with them by investing what we have left after we pay our taxes.
Wayne Allyn Root is known as "the Capitalist Evangelist." Wayne’s latest book is "The Power of RELENTLESS.” Wayne is a former Libertarian Vice Presidential nominee, bestselling author, international business speaker, serial entrepreneur and conservative media personality – appearing on over 5,000 interviews in the past five years. Wayne’s web site: ROOTforAmerica.com.