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  • From: Beckett <thomas AT tbeckett.com>
  • To: "Internetworkers: http://www.ibiblio.org/internetworkers/" <internetworkers AT lists.ibiblio.org>
  • Subject: [internetworkers] warren buffett: pinko?
  • Date: Tue, 20 May 2003 16:47:02 -0400

http://www.washingtonpost.com/wp-dyn/articles/A13113-2003May19.html

"Proponents of cutting tax rates on dividends argue that the move will
stimulate the economy. A large amount of stimulus, of course, should
already be on the way from the huge and growing deficit the government
is now running. I have no strong views on whether more action on this
front is warranted. But if it is, don't cut the taxes of people with
huge portfolios of stocks held directly. (Small investors owning stock
held through 401(k)s are already tax-favored.) Instead, give reductions
to those who both need and will spend the money gained. Enact a Social
Security tax "holiday" or give a flat-sum rebate to people with low
incomes. Putting $1,000 in the pockets of 310,000 families with urgent
needs is going to provide far more stimulus to the economy than putting
the same $310 million in my pockets."






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