That's because, with his recent suggestions that capitalism should have a conscience, Buffett is "off message." Instead of letting his greed get the better of him and endorsing the president's proposal to cut another $550 billion in taxes for the super-rich, Buffett rejected the scheme as the madness that it is.
"I am not for the Bush (tax) plan," Buffett told the crowd in Omaha. "It screams of injustice."
Buffett objected to the inherent unfairness of President Bush's plan, which he said "will result in us (himself and Munger) giving a smaller percentage of our income to Washington than the people who work in our shoe factory."
Buffett and Munger rejected the suggestion that the tax cuts would strengthen the economy. "This is not going to stimulate the economy. It will stimulate us," Buffett said, referring to his wealthy partner and himself.
The U.S. economy, notes Buffett, has been in a recessionary cycle for the past two years - a period roughly parallel to the time since Bush's first round of tax cuts for the country club class were enacted.
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