The Buffet tax thing was found. At least I think that was what I found. It is called something like The Fair Share Payment for Wealthiest Americans Act or something like that.
It is written like the tax code--in pure gibberish. My view of it is that it would not affect the wealthiest of people at all. Those who have their money in all sorts of investments and complicated financial instruments, like Buffet, would not even feel this.
I'm not a lawyer, and in a free country I wouldn't need to be to fully comprehend a law. That said, I am pretty sure this is nothing but a PR stunt designed to give satisfaction to those who envy or think someone making a million dollars needs to be cut to size. They already pay more if they don't have the battery of accountants and lawyers to prevent it.
This law would mostly hurt someone like a sole proprietor or a writer or artist who landed it big enough to qualify; people who may have made a million dollars, but who don't have the shelters and power of the Buffets of the world.
I think it is a move by the really big money to slap down the up and coming entrepreneurs who are climbing their way up. Nouveau riche, There is more of an elitist tint to this thing than one might think. If you own a hedge fund or are a high level investment banker, I think you'd be safe.
But it was shot down. Do you have any idea of the number of bizarre resolutions and bills the throw out there every year? It is insane! And the names. The Reform Education to Produce Future Leaders Act---there was one like that. My wording may be slightly off, but definitely not exaggerated. My version would be toned down, if anything.
Many of the bills brought forward are grandstanding and apply to target voter groups. Many seem to be rehashes of things already on the books. It is insane!
I repeat myself, I know. If only there were enough of those legislators who would vote against any bill that wasn't designed to strike down two or three other bills. I'd vote against all of them. It costs a lot of money per hour for those clowns to be in session. Do we really need to pay for a resolution declaring some month, "Asbestos Danger Awareness Month?"
How about Crazy Thieves Spending Your Money, Stealing Your Rights and Property, Selling Out Your Opportunities, Jobs and Resources Awareness Week"?
Wednesday, April 18, 2012
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- John0 Juanderlust
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