Thursday, January 21, 2010

Taxing Congress

First, I was really surprised how adamantly opposed Buffett was to the bank tax. I wasn't shocked so much because it's such a great idea. Actually, I think it's a pretty ridiculous idea, for the same reason that Buffett does. He says about the tax:

No, I don't understand that. If it's some kind of a guilt tax or something of that sort because banks were among the whole United States that were saved back in 2008, everybody was taken care of then. And the banks, basically, somebody like Wells, it's cost them a lot of money to be in the TARP and it was basically forced upon them.
Or if you look at Fannie or Freddie. Are you going to go and tax the members of Congress who ran Freddie and Fannie?
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