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Home The Feuilleton of MilSan and MikWag The North and South Poles of the Investing World

The North and South Poles of the Investing World

The North and South Poles of the Investing World

 

Kansas

 

Over a third of my income gets dumped into the gaping maw of the government, with, frankly, little performance in return.  If the government were an investment, I would short it based on past, current, and anticipated performance.


While I am in favor of a basic safety net, I do not believe the government exists to “top off” the incomes of society’s failures. Yes, I said failures – defined by an inability to succeed and prosper in an environment. It is simply not my job to pay for people who unable to provide enough value to earn a middle-class income, and I find the entitlement mentality that pervades the Left to be fairly offensive. Especially when I am asked to pick up the tab.


We would do well to rediscover personal responsibility for one’s own future, for good or for ill, as well as an acceptance that for every winner, there will be a loser.

Reader-commenter QED of Kansas, NYT Feb 15, 2011

 

 

Nebraska

 

Multi-billionaire Warren Buffett has been complaining for years that his taxes are too low. Last June, he said at a fundraiser for Hillary Clinton that he was taxed at only 17.7% last year on his $46 million in income, while his secretary paid 30% of her $60,000.


"The taxation system has tilted toward the rich and away from the middle class in the last 10 years," Buffett, the nation's third richest man, told Brokaw. Buffett said he did an informal survey of federal taxes paid by his own office staff, and the average was 32.9%, compared to his 17.7%.


"There wasn't anybody in the office, from the receptionists on, that paid as low a tax rate," Buffett stated, noting that "I have no tax planning, I don't have an accountant, I don't have tax shelters."

 

"Billionaire Buffett Still Complaining His Taxes Are too Low," The Raw Story, Oct 30, 2007