tag:blogger.com,1999:blog-1294000140149887671.post4417971791528205755..comments2023-09-17T02:20:30.934-07:00Comments on Un-thought: Taxing Warren BuffetJWOhttp://www.blogger.com/profile/00004178958481335795noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1294000140149887671.post-43924858001253914382011-08-30T11:39:25.959-07:002011-08-30T11:39:25.959-07:00If I'm investing income that I obtained throug...If I'm investing income that I obtained through forcibly imposed rents, like principal and interest payments on a Treasury security or a dividend from Lockheed-Martin, or just outright theft, "indiscriminate charity" seems a generous description of my act; however, regardless of the semantics, I see nothing wrong with a progressive consumption tax with very steep marginal tax rates, effectively compelling Buffet to reinvest all income above some threshold. It beats transferring the income to the Congress to spend.Martin Brockhttps://www.blogger.com/profile/17494096304851832960noreply@blogger.com