Warren Buffett

“Buffett Rule” To Make Rich People Pay More Taxes Is Good Politics, But It Would Raise Only $ 31 Billion Over 11 Years – US National Debt Will Grow By About $ 7 Trillion In the Same Period – Better Find Something Else To Get Revenue

Posted by on March 20, 2012 at 10:15 pm

By Paolo von Schirach Related story: http://schirachreport.com/index.php/2011/09/30/the-buffett-rule-is-pure-demagoguery-taxing-the-rich-more-in-america-would-do-nothing-to-spur-enterprise-the-only-engine-for-investments-and-jobs-creation/ March 20, 2012 WASHINGTON – I wrote a while ago (see link above) that the “Buffett rule” is just feel good populism. The ”Buffett rule” is a proposed tax code change that would require the few very wealthy Americans who are taxed at a low rate because their money comes from [...]

Obama’s Election Strategy Is To Push “Fairness”, As If This Would Solve Anything – Taxing The Rich Will Not Get Higher Growth, Nor Will It Get Better Educated Children

Posted by on January 26, 2012 at 11:49 pm

By Paolo von Schirach January 26, 2012 WASHINGTON – It is quite depressing to observe Washington total political paralysis, accompanied by cheap and openly divisive populism. Admittedly, it is difficult to govern when the two parties are so deeply divided. But the president has to try. This is what he was elected to do and what he gets paid [...]

No Economic Growth Debate In America – Unfolding Political Campaign About Emotional Social Issues: More Taxes For The Rich – Obama’s Plan Is Only About Putting More People On Public Payroll – Republicans Romney, Perry, Cain Are Just Fighting One Another – Nothing Substantive There – And America Has No Plan

Posted by on October 19, 2011 at 9:42 pm

By Paolo von Schirach October 19, 2011 WASHINGTON – In a smart nation run by mature people the policy debate will focus on what is most important. In a confused, despondent nation the debate centers on issues that, while important, are mostly politically appealing but not central –and thus not really critical. And this is what [...]

Bankrupt Belgian Bank Dexia Is Nationalised, After Passing “Stress Test” Just a Few Months Ago – Need To Inject Hundreds of Billions In Other European Banks – EU Policy-Makers Still Unwilling To Take Big Steps – Britain Only Case Of New Fiscal Course

Posted by on October 9, 2011 at 8:47 pm

By Paolo von Schirach October 9, 2011 WASHINGTON – Dexia, Belgium’s biggest bank, just went under. The French and Belgian governments hastily decided to nationalize it in order to avoid possible “contagion”, this way limiting  the damage to the European financial system.  But how did this big failure happen? Remember that just a few months ago European banking [...]

The “Buffett Rule” Is Pure Demagoguery – Taxing The Rich More In America Would Do Nothing To Spur Enterprise, The Only Engine For Investments and Jobs Creation

Posted by on September 30, 2011 at 9:16 pm

By Paolo von Schirach September 30, 2011 WASHINGTON – President Obama has his “jobs plan” on the table, along with a fiscal package to finance it. We know that it has no chance of passing the Republican ruled House, and so it is as good as dead. But politically it is alive. It is something to talk [...]