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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (109888)	11/11/2007 8:15:28 PM
From: Skeeter Bug	Read Replies (1) of 132070

>>Just imagine Warren Buffett sitting in a room trying to make capital allocation decisions without knowing how each company was actually doing. Then picture the average Joe in that job doing it in his central planning office in government. << btw, thanks for metioning buffett - he was totally against bush's proposed billionaire tax cuts. here's buffett on tax cuts... cnbc.com Warren: I'll-- I'll bet-- I'll bet a million dollars against any member of the Forbes 400 who challenges-- me that the average for the Forbes 400 will be less than the average of their receptionists. So, I'm-- I'm-- I'm-- I'll give 'em an 800 number. They can call me. And the million will go to whichever charity the winner-- designates. Tom: How much are you hearing from your fellow rich fellows, as you describe them? Warren: I don't hear anything. They're happy. They are not paying the tax rate their receptionists are. Abe Lincoln chimed in well before Warren: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Lincoln's First Annual Message to Congress, December 3, 1861.

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