Bob's Links and Rants

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Tuesday, May 20, 2003

Warren Buffet, one of the richest people in the world, explains why the elimination of taxes on corporate dividends is nonsense.

Overall, it's hard to conceive of anything sillier than the schedule the Senate has laid out. Indeed, the first President Bush had a name for such activities: "voodoo economics." The manipulation of enactment and sunset dates of tax changes is Enron-style accounting, and a Congress that has recently demanded honest corporate numbers should now look hard at its own practices.

It's a little confusing to me when rich guys like Buffet, Bill Gates, or George Soros are decent or honest. (I know, at least in Gates' case, that that's certainly not all the time.) I mean, who can you distrust if you can't distrust the rich?