Monday, May 21, 2012

Buffett Rule Is Immoral

(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!