Ah, the Buffett rule, that proposed law so dear to the heart of our President and the liberal left. What could be better than the federal government getting its hands on more money to waste?
Apparently many of those smart, really wealthy people have a better idea … Give the money to charity where it will truly do some good and far more efficiently I might add. In the process they avoid paying an estate tax. While they are alive they can avoid all taxes and help communities by investing in municipal bonds.
Twelve families promised to donate most of their wealth to philanthropy, joining the Giving Pledge initiative started by Warren Buffett and Bill and Melinda Gates.
Boy, do I admire smart people, especially wealthy smart people.



This goes to prove your previous posts regarding class warfare on the wealthy. Truly wealthy people can escape taxation legally whether they are altruistic or not and President Obama is well aware of this. The buffet rule rhetoric is all about electioneering. Until major tax reform happens we are going to hear nothing but polemics from the DC crowd.
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They donate to the Arts. Harvard. Not their local food bank/soup kitchen.
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