WASHINGTON — High earners who are worried that this year’s Tax Day will be the last one before their rates rise have more than just the White House and Washington to blame. They can also look to two academically revered, if publicly obscure, left-leaning French economists whose work is the subtext for the battle over tax fairness….More at For Economists Saez and Piketty, the Buffett Rule Is Just a Start
The Buffet Rule
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The Buffet Rule
The Buffet Rule a.k.a. The Reagan Rule
So today is Tax Day. Where millions of Americans are scambling to get them filed in time and where probably an equal amount are filing for an extention. That got me thinking about who’s saying what about taxes since we are fairly close to election time. To be honest with you I haven’t been watching much news lately since it’s nothing but negative stuff on there, but I did hear something about President Obama talking about this “Buffet Rule“. So I decided to look in to it. Man, do I have some reading to do. I’d like to consider myself more of Libertarian more than a Republican, so naturally I’m more of a END THE FED kind of guy. I’m going to attempt to approach this in a neurtral state of mind while I look further in to it.
In the mean time, I wanted to link up what’s being said in the blogosphere and wanted to hear what you guys are thinking about all this. So here are the snippets;
For Two Economists, the Buffett Rule Is Just a Start
Photos by Don Feria/Getty Images for The MacArthur Foundation Awards (left); Paris School of Economics
Research done by Emmanuel Saez, left, and Thomas Piketty has shown that inequality among the middle class and the rich is nearly as acute as it was before the Great Depression.
By
Published: April 16, 2012
Buffett rule debate about fairness, not federal deficit
Mario Tama / Getty Images
Warren Buffett smiles at the New York Stock Exchange before ringing the opening bell on Sept. 30, 2011. The Bufett rule was inspired by his call to tax the rich more.
It’s almost tax day, which means that most people have by now seen just exactly how much of our hard-earned money will being going to Uncle Sam this year.
You might have noticed that we’re also hearing a lot more about the so-called Buffett rule.
The White House has been making a hard push for the rule, officially called the Paying a Fair Share Act of 2012. The Senate is scheduled to resume consideration of the bill Monday.
…More at Buffett rule debate about fairness, not federal deficit
Polls: Americans divided over taxes but support ‘Buffett rule’
President Barack Obama speaks at the Eisenhower Executive Office Building next to the White House with a group of millionaires. (Andrew Harrer/Bloomberg / April 11, 2012) |
By Kim Geiger
As the Senate considers President Obama’s “Buffett rule” to require that millionaires and billionaires pay at least 30% income tax, a new poll suggests the proposal is quite popular with the American public.
Nearly three-quarters – 72% – of Americans say they support the idea, according to a CNN survey of 1,015 Americans, including 910 registered voters….More at Polls: Americans divided over taxes but support ‘Buffett Rule’ – Los Angeles Times
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So I’m really interested in what you have to say about the “BUFFET RULE”. Post your comments below!
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