Warren Buffet, Jabberwok or Bandershatch?"

That President Obama honors Warren Buffet by naming his new millionaire’s tax in his name is wrong in so many ways.  Yes, Warren Buffet did say that millionaires like himself should pay more taxes.  Why then has he been fighting the IRS for 11 years trying to avoid paying the Billion, yes that’s the Billion dollars he owes the IRS in past taxes.  Another Geithner.  Does the president always side with tax cheats?

Then, according to The Financial Times, the income tax increases Buffett suggests will not apply to him because most of his wealth is in the form of unrealized capital gains, which don’t count as taxable income or capital gains of the sort he proposes to raise taxes on. Furthermore Berkshire Hathaway, by far Buffet’s biggest corporation, doesn’t even pay dividends.  The Buffet Rule does, however, affect most of his competitors, so he still stands a chance to achieve his life-time goal, which according to his wife Susan said in a 2004 interview with Charlie Rose was to become the richest man in the world. 

 So why does Warren Buffet even pretend to support the president?  First of all, the millionaire who gets in bed with the president takes home the bacon. .  American tax payers are being fleeced to make a millionaire richer. Is it a coincidence that by killing the Keystone Pipeline Buffet wins?  He owns the Burlington Northern Santa Fe Railroad that ships the oil.  Dick Holland, Buffet’s partner denies the influence peddling, says Buffet hasn’t talked politics with anyone for at least five years.  Yeah, that’s a story you can take to the bank.

 Buffet says that he doesn’t make that much money off oil shipments, but either way it means we pay, according to the Huffington Post, 60 cents more per barrel, twice as much for gas at the pump.

That’s not the first time the grandfatherly Buffet benefitted from government largess.  The $700 billion bailout of U.S. banks saved his $5 billion investments in Goldman Sachs.   After buying the BNSF in 2009, Buffett increased his investment in lobbying from $1.2 million a year to $9.8 million a year,.

In short, crony capitalism pays off in big ways.  It insures Buffet’s fortune, protects him from ambitious people like you who might join him on the ladder of success.  It’s lonely up there and he likes it that way.  

“Beware the Jabberwock, my son!  Beware the Jubjub bird, and shun the furious Bandersnatch!”