I'm sure everyone's heard about billionaire Warren Buffet saying that he and other megarich folks need to and should pay more in taxes. This has been on tv as if it were some sort of sacred pronouncement, but I'm not impressed.
If Warren Buffet wants to give more money to the government he's free to send the IRS as much of his income as he wants. Other the-rich-should-pay-more-taxes billionaries like Bill Gates can do the same. So, why don't they? Simple. THEY LIKE BEING RICH. If they didn't Buffet, Gates, and friends would give away all their money, but they won't. They love their wealth but they apparently feel tremendous guilt over it. So they anounce their support for higher taxes on the rich to try and assuage their guilt and look good to the public in the process. It's almost like their saying, "Hey middle America! We're the good rich. We know how bad we are for being successful and we want to pay for it by having the government take more of our money. So please, don't hate us!" Pathetic.
Warren Buffet and Bill Gates don't seem to understand that if they want to assuage their guilt they should do more good for the less fortunate themselves. Certainly helping the needy personally would be more satisfying and meaningful to them than empowering impersonal state bureaucracies to do so. Buffet, Gates, and other super rich people most likely do have charities that they generously support. But they seem to think such private efforts don't qualify as guilt-assuaging good works. Only governmental confiscation of their excess income can redeem them.
Wealthy Americans who turn against their own success are akin to traitors. Their prosperity, which often had humble beginnings, highlights the promise of capitalism and the American way. Instead of extolling that reality they've opted for the counter message that success is a sin for which you must do penance, preferrably in the form of having the state take your money. Like I said at the beginning of this post, I'm not impressed.
Here's my advice to Warren Buffet, Bill Gates, and all other guilt racked billionaires. If you feel that bad about being rich then get a good therapist or just give all your money away. But please stop calling the government down on yourselves while you're enjoying your wealth. That just makes you look like hypocrites and frauds. And that's something for you to really feel guilty about.