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Survey Says!

August 29, 2011
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Our readers had a lot to say about Warren Buffett's recent New York Times opinion piece, in which he wrote, “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.” What are your thoughts on this topic?

Warren Buffett recently wrote in a New York Times opinion piece, “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.” In last week’s CI CyberNews CyberPoll, we asked readers if they agree with his statement. Just over half of the respondents (52.6%) do agree with Buffett, while 44.8% disagree and 2.6% are unsure.

This question generated quite a few reader comments:

“I would agree if the ‘shared sacrifice’ meant that the 50% of households not paying any income tax would be required to pay some.”

“1) Punishing the wealth generators is not the solution. 2) If his conscience bothers him, he should write a check. I think he is just grandstanding.”

“Catering to special interests for decades has shoved the burden of supporting the public sector onto the backs of the working public. It’s time that the sector of our society that derives the most benefit paid their fair share.”

“This still baffles me. Seems the only ones seeking to help billionaires keep getting wealthier at our expense are lobbyists and the politicians whose pockets they line.”

“Tell Warren that the IRS will be very happy when he sends an extra billion or two next April 15th. For the rest of us, $250K/year is hardly ‘rich.’ We’re paying most of the taxes as it is. 50% of the U.S. population pay NO taxes. GOV. MUST QUIT SPENDING!!!!”

“‘Shared sacrifice?’ Really, and what and when has the political class, government, or those benefiting from governmental action ‘sacrificed?’ Buffett makes a lot of money buying companies that go under from the government’s insatiable appetite for collecting sacrifice. He’s not talking about billionaires here, anyone making over $250,000 is in the cross-hairs.”

“Abolish party affiliation during congressional voting. The only agenda is for America. Ban any party interest first.”

“If you buy the idea that tax cuts will scare off the ‘job creators,’ then you should be prepared to answer the following question: Tax rates on the wealthy are the lowest that they have been in the modern era. Where are the jobs that the wealthy are supposed to have created during this latest gilded age? In his opinion piece, Buffet also said no one he has ever met has pulled back on investing because of the tax bite. Such arguments against raising taxes don’t hold water. I applaud Buffet for his social responsibility.”
“First, stop all tax write-offs for sending jobs off shore.”

“Warren Buffett is no friend to the conservative businessman. His words have deceit smeared all over them.”

“Easy for him to say.”


Are you interested in taking the industry’s pulse on a particular topic? Send your suggestions for CyberPoll questions to Kelsey Seidler at seidlerk@bnpmedia.com.

Many thanks to all of the CI CyberNews readers who have participated in our CyberPolls. Not a CI CyberNews subscriber? Follow this link to sign up for your free subscription!

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