cozcommunio

Warren Buffet was answering questions on CNBC this morning. There were a number of email questions regarding his advocacy of higher taxes for the rich and why he doesn’t voluntarily give more money to the government. His answer was that his charitable foundation probably does a better job of allocating resources then the government would do. This comment begs the question of why we should have higher tax rates to give more money to an entity that will not do a good job of allocation resources. I agree with Warren here that the people who work and produce the resources should decide how to allocate the resources. I wish Warren always agreed with Warren and let people decide how to spend the fruit of their labor. Or does Buffet only want certain people to be able to make these decision?.

This entry was posted on March 3, 2008 at 10:10 am and is filed under A Market Liberal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.