Warren Buffett: I’ll Pay Up If Republicans Do The Same

[kpete]

TAXES

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His “Buffett Rule” sparked some backlash, especially from Republicans, who suggested that Buffett should cut the U.S. government a check if he’s so eager to pay his fair share of the nation’s debts. Well, Buffett tells TIME magazine that he’s willing to do just that. He’s willing to match one-for-one any donation by a Republican member of Congress — except for Senate Minority Leader Mitch McConnell, he gets three for one.

“We need a tax system that takes very good care of people who just really aren’t as well adapted to the market system, and to capitalism, but are nevertheless just as good citizens, and are doing things that are of use in society,” Buffett told TIME’s Rana Foroohar.

Buffett’s bold suggestion led to some bizarre backlash last fall. After President Obama embraced the “Buffett Rule,” as it became known, some conservatives demanded he release his tax returns if his views on taxes were to serve as the basis for the administration’s policy. But Buffett had already done that.

In the TIME interview — which is available online Thursday and on newsstands Friday — Buffett also took a swipe at Republican presidential candidates Newt Gingrich and Mitt Romney. He called Gingrich’s criticism of Occupy Wall Street protesters unfair and questioned Mitt Romney’s business tactics at Bain Capital.

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Read more: http://swampland.time.com/2012/01/11/warren-buffett-to-mitch-mcconnell-put-up-or-shut-up/#ixzz1jCCY5QyL

[Dawson Leery]

1. Berkshire Hathaway employs more working/middle class people

that the parasite Bain Capital.

[Bill USA]

2. recommended!!

[Richardo]

3. My favorite billionaire

[sulphurdunn]

4. Buffett says:

“I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.”

He's spot on. Neither the medal nor the thank-you note will buy you a cup of coffee at Starbucks. They might have in the old neighborhood greasy spoon, but they're pretty much all gone.

[tclambert]

5. Warren Buffett is cool.

I love that Republicans demanded he release his tax returns (and he already had) while their poster child, Mitt Romney, refuses to release his. Someone needs to steal Romney's returns and leak them so we can see what he's ashamed of.