Letters to the Editor

Your views in 200 words or less

Tag: warren buffett


INEQUALITY: Rich getting richer faster than rest of us

Re: “‘Income inequality’ a brilliant turn of phrase” (Kathleen Parker column, 1-8).

Parker addresses income inequality as though it were some political concept born of a campaign to incite the masses against the right in this year’s political campaigns. She says that “99.9 percent of Americans … like income inequality … because we value merit, talent and hard work” – traits that the economically disadvantaged, it would appear in her opinion, don’t have.

A 2011 study by the Congressional Budget Office found that the top-earning 1 percent of households increased their income by about 275 percent after federal taxes

Read more »


GAS: Blame Obama, not Wall Street

With daily spiraling of prices at the gas pump, the public need someone to blame. The Occupy Movement, along with the Obama administration, are happily targeting the hatred at “Wall Street speculators.” But is that really fair?

Much of the price is driven by new demand for oil from India and China. The Environmental Protection Agency has restricted new refinery construction for 20 years, and the old plants keep breaking down. Crude prices this year have remained fairly stable. So who exactly is making money on oil?

The oil boom in recent years has been centered on the oil shale

Read more »


TAXES: Baird’s naive about tax rates

Re: “Loopholes for wealthy weaken fairness of income tax system” (Katie Baird column, 2-1).

It’s amazing that a supposed economics professor can be either so naive or so deliberately misleading in writing about various tax rates.

She does not understand nor convey that people who generate income from capital gains use their own money that has already been taxed as ordinary income. Then, as they invest in financial instruments and companies to generate income, they are taxed again at 15 percent. So, those who choose to invest and provide working capital to companies who can provide jobs are taxed

Read more »


TAXES: Buffett willing to make bad investment

Recently, billionaire Warren Buffett has come out for increased taxes.

He considers himself very skillful when it comes to buying up companies based on the quality of their management and their potential for profitability. Yet Buffett seems to have no qualms when it comes to giving more of his income and that of his investors to the federal government, which historically cannot manage these “revenues,” routinely creating greater debt for the present and future generations.

One would think he would expect as much accountability from the government as he does from his commercial acquisitions. We all know that how skillful

Read more »


TAXES: Super-rich will find ways to avoid paying

There has been much said about taxing the super-rich, presumably on their income rather than assets. A suggested super-rich income is more than $175 million per year. How many people make this much?

Let’s assume that there are 1,000 in this category with a combined income of $175 billion per year. Tax these folks at 100 percent of their income. This will reduce the annual deficit at current rates by about 12 percent. The debt is likely to increase since we have an increase in the debt limit which the government will not allow to go to waste. How likely

Read more »


TAXES: Buffett’s right; stop coddling the super-rich

As we struggle to fund public education and essential services, we continue to turn to the same sources of money, primarily sales taxes and property taxes. In doing this we leave a large source of money out of the equation. We coddle the super-rich.

Earlier this week, multibillionaire investor Warren Buffett said it best when he published a powerful op-ed in The New York Times with a simple message: Tax me! Buffett said openly what all of us have been thinking: Washington needs to “stop coddling the super-rich.” That is the money that we are leaving out of our

Read more »


TAXES: Why Buffett is right about tax rates

Every penny the government spends is collected in taxes. In the case of borrowed money, it’s eventually collected with interest from taxpayers.

Republican candidates often talk of reducing taxes for everyone. But that’s simply snake oil if spending isn’t reduced, and no one – Democrat or Republican – has managed to pass through Congress any real reductions in spending.

If the rich are not paying for government spending, then necessarily it falls to the poor and middle class to pay. When he was president, George W. Bush arranged to lessen the burden on the rich without any spending reduction; he

Read more »