I don’t get the logic, so you tax the heck out of people “on the back end”? and it won’t hurt efficeincy?????
What does he mean, since he’s taking their money AFTER they make it that it won’t make a difference??? So efficiency will only be hurt if you tax people BEFORE they make their money. So you take their money AFTER, what happens to their efficency the NEXT TIME they think about expanding, etc.
I’m confused, can someone try and make sense of this Obama Word Salad??
“Im confused, can someone try and make sense of this Obama Word Salad??”
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This idiotic concept shows an abject lack of understanding, not only concerning basic economics, but fundamental human nature. It assumes that as long as you let people MAKE money, unencumbered, that they won’t mind if you then TAKE it from then on the back end.
We already know that Obama is an empty-headed, affirmative action, talentless poseur, but I’m a bit surprised that Buffett (whose idea this is), despite his elitism, is THAT removed from the basic human equation.
To really boil it odwn, it assumes that productive Americans are too stupid to know any better and can be easily fooled.