Warren Buffett is getting a $23 million refund from the IRS. (McCook Daily Gazette) Since he’s the 2nd richest guy in America he probably is not hurting for the cash. Still it’s kinda nice. Most of us are glad whenever anybody gets from the IRS what is legally due them â€“ especially when the winner is a Nebraskan.
But let’s not let this incident mislead us as to Buffett’s take on current tax policy.
In an interview recently (in May on CNN) he said,
The rich people are doing so well in this country. I mean, we never had it so good …. It’s class warfare, my class is winning, but they shouldn’t be.
What he calls “my class” is – no surprise – a very thin slice at the top, and that slice does not really include Southwest Nebraska.
Warren Buffett is certainly not a radical, nor one of the “hate America firsters”, nor anti-business. He’s very sensible about financial matters, and he loves America and business in America.
He also said,
Right now corporate profits as a percentage of GDP in this country are right at the high. Corporate taxes as a percentage of total taxes raised are very close to the low …. So, you know, corporate America is not suffering, I’ll put it that way.
Buffett thinks things are not right with our tax structure, with our national debt, and with our international balance of trade. If he has thoughts like that, it’s not surprising that most of the rest of us have similar concerns.
The LORD enters into judgment
against the elders and leaders of his people:
“It is you who have ruined my vineyard;
the plunder from the poor is in your houses. (Isaiah 3:14)
“So I will come near to you for judgment. I will be quick to testify against sorcerers, adulterers and perjurers, against those who defraud laborers of their wages, who oppress the widows and the fatherless, and deprive aliens of justice, but do not fear me,” says the LORD Almighty. (Malachi 3:5)
You have hoarded wealth in the last days. Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. (James 5:3,4)