Is the Pope Catholic? Does the Sun rise in the east? Is there gambling at Rick’s? Is Obama a corrupt socialist and in the running for worst president of all time?
Originally posted on International Liberty:
President Obama, echoed by the establishment media, routinely trumpets Warren Buffett’s support for higher taxes.
If this rich guy is willing to pay more, the story goes, then surely the rest of us peasants should just roll over and acquiesce to the President’s class-warfare tax policy.
Well, one reason we shouldn’t surrender is that Buffett is either stupid or dishonest. In previous posts, I’ve exposed his fiscal innumeracy and explained that he is understating his own tax rate.