May 23, 2003

Free Lunches for Big Political Donors

Warren Buffett has some words:

When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a "break" requires -- now or down the line -- that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party.

I never really paid much attention to him before but recently I really am starting to like this guy. I also spotted the following rather insightful comment by Matthew on one of the best blogs I've ever discovered, "It's Still The Economy, Stupid":

I was also chatting with a Mexican bartender I'm friends with, and he pointed out that he's from a country with large persistent deficits, and the rich are much worse off than they are here. Destroying the economy means you destroy the economy for everyone, like a big group hug in reverse. So it you're in favor of the rich getting richer, vote Democratic. If you want more debt, vote Bush.
Posted by thom at May 23, 2003 12:02 AM
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