Buffet's latest NY Times Op-Ed Piece makes sense of it all.
In Warren Buffett's NY Times Op-Ed
we get some common sense, from an uncommonly wealthy and miraculous human being. Someone that has been able to earn unfathomable amounts of money.
There's something incredibly refreshing to hear from an immensely rich, successful person, the common sense that taxing the wealthy doesn't guarantee job creation. For so long, we've been having this idea crammed down our throats, and under the Bush years as Mr. Buffett points out, this approach fell flat on its face. Massive unprecedented cuts alongside massive spending led to a decline in jobs, an increase in deficit, and a decrease in the value of the US economy. It's refreshing to hear this from "The Oracle" as some call Mr. Buffett, as it makes the Mitt Romney's strutting around with their supposed incredible business experience look like gnats by comparison. I don't even know where that leaves the Bachmanns or Palins with barely any government or private sector experience.
Our nation seems unable to let go of this notion that we're all victims of this oppressive money-hungry government, when in reality we are the government. We elect the leaders, we decide where to take this thing. It's a democracy. But as long as the poor defend the rich, the will of the masses will never be realized. The powerful and greedy in this nation have created the ultimate model: A party that touts "moral values" alongside tax breaks, and a nostalgic image of God, rolling valleys, and mountains of majesty, alongside a gun, and an absence of government or civilization. Problem is, that frontier world isn't real - probably never was, but definitely isn't today, in an interdependent, global economy where Wal-Marts, not local little shacks sell you everything you buy, and not from a guy selling sweaters made from sheep, but some polyester fabric made in Pakistan, China, or Bangladesh. Like the advertisements they run to get us to buy one product over the other, the greedy have bound together to get us to buy the party that offers nothing. A lousy tax cut, but a bigger cut for the wealthy, all while cutting services that were being used by the working class Americans, thus resulting in an even bigger tax increase if you actually take everything into account. You create a weakened America, and a stronger tiny percent of powerful investors, sitting on immense amounts of money. It becomes harder for regular folks to quit their jobs and start businesses, healthcare goes up, college becomes a huge debt burden, while roads get worse, schools get worse, house payments go unpaid, and police and firefighters are fired, and towns and neighborhoods decline.
You get closer to a banana republic, and the poor souls pushing for it aren't the ones at the top. It's the sucker at the bottom that thinks they're getting a deal. The Republican Party is a glorified late night TV infomercial. A messier, more expensive, longer, drawn out way to take oranges and make orange juice, when fresh quick juice is being sold at the store next door already made.
If Americans could just wake up and see what Mr. Buffett sees, imagine the country we could live in. Where government invests in its people. A place where wealth is always possible and attainable, where opportunities are plentiful, not just for those already on top, but for anyone with a great idea, the willingness to take a chance and start something. Mr. Buffett has climbed the Everest of American dreams. You can't outdo what he's done with the billions and billions he's made, not by one invention or an impressive sale that ballooned into mind-boggling profit, but through years of analyzing business, politics, and money from the broadest, most comprehensive way possible. Wealth doesn't necessarily mean you've worked hard. Zuckerberg stumbled upon Facebook. He probably did work hard on it, but it's doubtful he's worked any harder than the Starbucks employee or the McDonald's employee putting in hours and hours and hours a day just to get by. He's just smarter, and luckier. Buffett, like so many other mega-wealthy in this country is also smarter, luckier, and worked hard, but unlike Republicans is also more compassionate.