View Single Post
  #19  
Old 11-13-2007, 06:06 PM
Borodog Borodog is offline
Senior Member
 
Join Date: Jan 2004
Location: Performing miracles.
Posts: 11,182
Default Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
[ QUOTE ]
He knows the prudent thing to do is to come out favoring higher taxation for the wealthy because it lowers his profile as a target.

[/ QUOTE ]

I don't understand what you mean.

[/ QUOTE ]

The government's taxation and regulation bureaucracy is vast and vicious. If you are a high profile target that is publicly very vocal in opposition to government policy, you very quickly attract a lot of negative attention. Gates was notorious for not playing the inside Washington regulatory politics game, and found his company in a [censored] storm of anti-trust investigation for years. When he finally started playing the games, voila, the suit is dropped.

The biggest donors to anti-tax organizations are typically very quiet about it. The last billionaire that I know of who was outspoken in support of a radical small government agenda was Volker, of the Volker Fund, and he eventually moderated his positions and support. This is why formerly radical organizations like Cato have become shallow shells of their former selves.
Reply With Quote