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eljetfan
Age: 39
Location: Dallas, Texas
Hometown: Villa Park, CA

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Posts: 2,058
Profile updated: May. 9, 2011
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tommygun86		8/15 8:11 AM
You have a fundamental misunderstanding of the intent of the tax structure. The tax structure in the U.S. isn't simply a revenue gathering stream, it is an income redistribution scheme and a political tool.

Without understanding what it is and how it is used, it is impossible to arrive at conclusions that have any basis in reality. As far as the idea that the percentage of one's income tax to his total income is equal to the "fairness" of the tax laws, that is patently stupid. Tax breaks are designed to shepherd dollars into areas of the economy that the writers of the code deem useful to the economy. If you don't understand that part of it, there's no hope.

In addition, the idea of taxing income is socialistic and economically stupid to begin with...whether it is a flat-tax or the stupidly-political title of a "progressive" tax. The idea that the "producers" in this country should have a greater percentage of their income stolen from them than relative non-producers so that total non-producers can have shit free is so stupid that those who support it have to use the bullshit word "fair" to defend the bankrupt concept.

Even if an income-tax was "righteous" straining the proceeds through the corrupt and wasteful U.S. governement system and controlled by the corrupt congress is mind bottlingly stupid.

Listening to a man claim that a tax code that he has taken advantage of to accumulate massive wealth, complain that said tax code is wrong...without cutting a check to the gubment or a charity and voluntarily paying to the gubment all future taxes based on some "fair" tax...rather than continuing to take advantage of the current rate, is stupid and can only be driven by senility or crushing guilt (for having accumulated far beyond his or his families needs while ignoring all of those billions in the world who do without). Mr. Buffett wants to assuage his guilt with OPM...Other People's Money.


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