Warren Buffet and George W. Bush
Voodoo Economics: Tax Cuts & Political Hegemony
Nipawin - Friday - May 23, 2003 - by: Mario deSantis
less is more	I really enjoyed the social perceptions recently expressed by Warren Buffet, CEO of Berkshire Hathaway Inc. Buffet describes Bush's dividend tax cuts as voodoo economics as such tax cuts will require
	that an equivalent burden be imposed on other parties.
	He goes on to say that his acquired fortune was a matter of geographical luck rather than talent, that the dividend tax cuts would plunge his income tax rate to 3% while his receptionist would still pay 30% of her income as taxes and that
	putting $1,000 in the pockets of 310,000 families with urgent needs is going to provide far more stimulus to the economy than putting the same $310 million in my pockets.
US policy	It is important to note that another version of voodoo economics is going to war and destroy wealth for the sake of American hegemony as preached by Bush&Co. and their friends of the Project for the New American Century.
devaluation	Now, after the realkisation that the war in Iraq was competely not needed, we are experiencing a world wide economic deterioration where the American dollar has lost a significant value against the Euro and other currencies. Wouldn't it have been better to have devaluated the American dollar some years ago, to have had peace, and to have led an economic growth for all?
References:
	Buffet, Warren Dividend Voodoo (PDF) May 20, 2003 Washington Post
	Project for the New American Century Statement of Principles http://www.newamericancentury.org/statementofprinciples.htm
Return to Ensign - Return to Saskatchewan News   This page is a story posted on Ensign and/or Saskatchewan News, both of which are daily web sites offering a variety of material from scenic images, political commentary, information and news. These publications are the work of Faster Than Light Communications . If you would like to comment on this story or you wish to contact the editor of these sites please send us email.   Editor : Timothy W. Shire Faster Than Light Communication Box 1776, Tisdale, Saskatchewan, Canada, S0E 1T0 306 873 2004