Let’s Elect Warren Buffett for President! He has the guts to raise taxes on the rich!

Warren Buffett with President Barack ObamaWe need someone honest and patriotic like Warren Buffett to run for President of the United States. He is courageous and bold enough to say what needs to be said about our country’s fiscal problems: that we need to raise taxes on the rich, since the top 1% have had a tax holiday for the past thirty years.

We were all snookered by Barack Obama back in 2008 when he was running for President, promising to raise taxes on individuals with taxable incomes over $250,000 per year. However, three years later, nothing has changed. President Barack Obama never even proposed that tax increase; in fact, Obama agreed to the extension of the Bush tax cuts last December instead of raising taxes, hinted at lowering corporate tax rates, and dramatically reduced the estate taxes on the rich. So we have all been conned by “the Black Mascot of Wall Street” (as the black professor from Princeton, Cornel West, has rightfully dubbed him).

Warren Buffett knows that even the rich do better when the wealth is spread around. Gross Domestic Product increases since consumers now have the money to purchase the cars, computers, ipods, homes, appliances, etc., that revs up manufacturing and the wheels of production. Stock prices increase and the rich even make more money.

The Republican proposal, to lower taxes on the wealthy, and to eliminate corporate taxes entirely, would drive our country and the entire world into a deep depression, the likes of which have never been witnessed. Jobs in this country would not result from such a Calvin Coolidge tactic. Only more dividends for the rich and more investment monies for plants in China would be its results.

Wake up, America. It’s time to assemble and rebel against the banksters of Wall Street and their Democratic and Republican politicians who are on their corporate payrolls in the form of political contributions. Demand economic justice. Support someone for President who knows what’s good for Wall Street, for America, and for everyone’s wallet. Sign the petition below to draft Warren Buffett for President.


About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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One Response to Let’s Elect Warren Buffett for President! He has the guts to raise taxes on the rich!

  1. Pat says:

    Great idea!

    He started it, and he can finish it; besides, he now owns his own propaganda machine in his newspaper, and he can leave his billions in trust to the US Government to fund social security and medicare since he has already disclaimed taxable ownership of his billions. What is the different in leaving funds to the government and land to the government – just a difference in substance that all robber barons of the 1930′s came to appreciate. Isn’t that where the Grand Canyon and most of the public parks came from?

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