Part Five presents a second of “Some Prescriptions For Productive Goals” derived from an article by the often called “Oracle of Omaha”, Warren E. Buffet. He reportedly is currently thought to be one of the three richest people in the world and identified as chairman and chief executive of Berkshire Hathaway. In The New York Times published on 8-14-11 in the Opinion Pages he wrote as an “Op-Ed Contributor” an article titled “Stop Coddling the Super-Rich.” From Merriam-Webster Dictionary, one definition of coddling is : “to treat with extreme or excessive care or kindness : pamper.” If any person is entitled to coddling then it would seem that all would best be entitled to coddling if they so choose to have this (as defined above) treatment. Prescription #2, therefore, in this context, is : To always treat all people with the same degree of (economic) care and kindness (if they so choose to accept it).
The article began this way : “OUR leaders have asked for ‘shared sacrifice.’ But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched…Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent…Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack…My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”
With Warren E. Buffet writing this in the forum afforded to him, The New York Times, it just may happen sooner rather than later. The article can be read in its entirety currently on the World Wide Web.
The Hygiology Post welcomes feedback from readers on all six parts of the series (individually and/or as a total package) upon completion of the series as to whether the articles help fulfill its vision and mission.
Louis DeCola, Jr. © 2011 The Hygiology Post