It is interesting that doing some reading today and being mindful of this exhange in this thread...
"
"Originally Posted by CMANN
It just proves that class warfare works and many Americans are stupid.
Followed by this from DALEMN
And is it only the middle class and the liberals who are stupid?
If so, our stupidity is in the vast majority."
Then I find this reference in an article concering the Buffet Plan...
"Sometimes societies become too stupid to survive. A nation that takes Barack Obama's current rhetorical flourishes seriously is certainly well advanced along that dismal path."
Maybe CMANN has something.....
But the article also says this in reply to Obama's claim that
""will help us close our deficit."
"Wow! Who knew it was that easy?
A-hem. According to the Congressional Budget Office (the same nonpartisan bean counters who project that on Obama's current spending proposals the entire U.S. economy will cease to exist in 2027) Obama's Buffett Rule will raise – stand well back – $3.2 billion per year. Or what the United States government currently borrows every 17 hours. So in 514 years it will have raised enough additional revenue to pay off the 2011 federal budget deficit. If you want to mark it on your calendar, 514 years is the year 2526. "
There is only one Warren Buffett. He is the third-wealthiest person on the planet. The first is a Mexican, and beyond the reach of the U.S. Treasury. Mr. Buffett is worth $44 billion. If he donated the entire lot to the Government of the United States, they would blow through it within four-and-a-half days. OK, so who's the fourth-richest guy? He's French. And the fifth guy's a Spaniard. No. 6 six is Larry Ellison. He's American, but that loser is only worth $36 billion. So he and Buffett between them could keep the United States Government going for a week. The next-richest American is Christy Walton of Wal-Mart, and she's barely a semi-Buffett. So her $25 billion will see you through a couple of days of the second week. There aren't a lot of other semi-Buffetts, but, if you scrounge around, you can rustle up some hemi-demi-semi-Buffetts: If you confiscate the total wealth of the Forbes 400 richest Americans it comes to $1.5 trillion, which is just a little less than the Obama budget deficit for year."
Mark Steyn: Buying ‘Buffett Rule’ makes you a fool | buffett, obama, tax - Opinion - The Orange County Register
Now if this Buffet rule was part of an overhaul of the tax codes, WHICH BY THE WAY THE PRESIDENT NAMED A PANEL WHO GAVE IDEAS AND HE IGNORED, but it is not. It stands alone as his testament to reducing the deficit