Has billionaire Warren Buffett begun to lose his fastball? - National conservative | Examiner.com: "Recently in an interview with ABC’s Christiane Amanpour; Warren Buffet, CEO of Berkshire Hathaway, Inc. said that “rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.”
His rationale, “ the rich are always going to say that, you know, just give us more money and we’ll go out and spend more then it will trickle down to the rest of you.”
When we have MSNBC’s Rachael Maddow espousing the long since repudiated economic theories of John Maynard Keynes and singing in the same choir with Mr. Buffet it’s time to begin looking for a new church.
Using as her talking points the 1980’s primary debate between George H.W. Bush and quoting “voodoo economics” this years probable Nobel Laurite in Economics M.S. Maddow does what most progressives do, she revises the facts.
So before you book your flight to Oslo, Ms. Rachael, you may need to consider a few things.
1. The $700 billion that the “rich” would get to keep is theirs, and it doesn’t belong to the government. You are grossly mistaken that this $700 billion must be made up or there will be larger deficits."