Friday, January 27, 2012

Warren Buffett’s Secretary Joe

Meet Warren Buffett’s Poor Secretary » American Glob

Remember Joe the Plumber? When he showed up in the '08 campaign the MSM had a load of deep background investigation on him that included all his financials, questions about his plumbing license, questions about the veracity of his potential interest in "buying the plumbing company", and a tax lein.

Forbes has done some speculation on how much Buffet's secretary "may make" if her rate somehow gets over 15% ... apparently she likely has to be over $200K, and maybe as much as $500K. In other words, very well off --- adding to this view is the fact that she just purchased a fairly nice 2nd home in Arizona.

Unlike Joe the Plumber -- who just had the audacity to ask "The One" (now "The Zero") a question on the campaign trail which resulted in the famous "spread the wealth around" comment.

So why so little interest in the particulars of Buffett's secretary? If he is paying her over $200K, she is approaching the evil 1%. Are we REALLY going to get into shedding tears for someone that makes over $200K because they **MAY** pay a higher rate than the richest guy in US??

Some points:

  • Let's face it, Warren and BO have both mislead Americans to think of Warren's secretary as "middle class at best". But wait, if Warren was say "one of the Koch brothers" that alone would cause an outcry as in "Why does he pay her so little?". 
  • If she is paid as Forbes surmises, then Warren isn't so hard hearted, but we are talking about tax rates for two 1%ers. There are something like 3 Million of those folks in a country of 300M, the vast majority of which make more like $200 - $400K, rather than whatever Warren makes.
  • The control of the MSM is still amazing -- BO and ABC can use this lady as a mascot and the general media doesn't ask a single hard question. Get a symbolic conservative of that nature and the story INSTANTLY becomes about any skeletons in their closet, their families closet, how they bungle some offbeat question thrown at them by the media, etc, etc. In other words, THEY become the story, NOT whatever point the conservative was trying to make with them. 

We are borrowing 40% of every $ we are spending and we are talking about differential tax rates between the richest guy in the country and his secretary. Meanwhile, the richest guy in the country is viewed as a "hero" even though he is the top of the top of the 1% who are supposedly villans. Why?? He "wants his taxes raised" -- in the meantime he is transferring his wealth to a foundation rather than the US government upon his death, and his businesses have $1B in back taxes that are being litigated.

Can we get any more insane??

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