Monday, May 21, 2012
(HT to Mark Nitikman.)
Investor T.J. Rodgers explains why the so-called Buffett rule (minimum tax on "the rich") is immoral.
Buffett rule = a bigger buffet for the government.
Buffett rule = less investment in productive enterprises.
Buffett rule = a buffet for the government to spend on "shovel-ready projects" and "cash for clunkers."
No Buffett rule — starve the beast!