The Billionaires vs. the Millionaires
NEW YORK (
Bullion Bulls Canada) -- Warren Buffett was
Why is Warren Buffett so adamant about the need for the Tax Man to start squeezing the millionaires? So that he (and his billionaire Oligarch-buddies) can continue to avoid paying his fair share of taxes.
knows that everyone below the level of millionaire has already been squeezed dry. Buffett
knows that the U.S. is drowning in debt, and (in real dollars) tax revenues have
So unless the U.S. government comes up with a new source of revenue (and fast), Oligarchs like Buffett are facing a grim future. Either their entire Paper Empire will disintegrate in a wave of domino debt-defaults, or the exponentially increasing money-printing needed to "fund" exponentially rising deficits will quickly trigger hyperinflation -- also taking their Paper Empire to zero.As regular readers know, it is impossible to ever construct a "fair" system of
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