One thing that is often overlooked in discussions about tax rates and personal wealth is who the mouthpieces are for a given position. Disturbingly, the ground swell of support for freezing, if not lowering, taxes in this country come from self-monikered “tea partiers,” most of whom are working and middle-class Americans. One doesn’t find the New York Park-Avenue super-wealthy dressed up in eighteenth-century colonial attire on the National Mall protesting anything. Why? Because, truthfully, as Buffett bravely notes with honesty in his piece, whether his tax rate was 10% or 50% he would still make millions and billions of dollars. The super wealthy have no need to be concerned.Shortly the author's asks: ". . .where does one draw the line between necessity and gratuity, between security and selfishness, between honesty and greed?" Read Brother Horan's entire reflection.
Wednesday, August 17, 2011
Taxes and Common Good
Warren Buffet made his remarks on the wealthy and taxation in the U.S. A Franciscan Brother recently offered his reflection, generously quoting from Mr. Buffet's NYT op-ed. For example, Daniel P. Horan, O.F.M., notes:
Wiki-image of a dollar sign is in the public domain.