Monday, August 22, 2011

Another Rich Guy Thinks He Isn't Paying Enough Taxes

Warren Buffett created a stir when he wrote a piece denouncing Washington's efforts to keep tax loopholes available for the mega-rich last week, in which he wrote:
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
Another super rich guy has now joined the debate, and he supports Buffett's position.  What's more surprising is that he's a Republican.

Another multi-millionaire says the rich should be paying more taxes. Registered Republican and co-founder of H&R Block, Henry Bloch knows his opinion is not popular with many in his party. 
Like Warren Buffet, Bloch believes current tax code gives too many breaks to the rich.
He also has strong opinions about how much these tax breaks really contribute to job creation.

"That's so baloney," Bloch said. "Rich people don't create jobs. Companies create jobs."
This is another blow to the Reaganomically-minded Tea Party and the GOP at large, with "moderate" Republican candidate Mitt Romney scoffing at Buffett's remarks earlier:
Republican presidential nomination front-runner Mitt Romney, a multimillionaire ex-businessman, said Buffett had failed to take into account corporate taxes paid by his conglomerate Berkshire Hathaway. 
"The problem with rich people is that many of them are smart," Romney said in the key primary state of New Hampshire. 
"High taxes on entrepreneurs and investors dissuade them from putting Americans to work," he said. 
It's time these knuckleheads gave up the ghost on this "trickle down theory" bullcrap they are trying to shove down our throats to line their own pockets.

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