We 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.