If a billionaire wants to give you a billion bucks, don't turn him away.
I'd recommend Uncle Sam take that money.
Some time ago, Warren Buffett suggested he and other fellow richlanders should pay a higher share of taxes. That suggestion earned him the honor of having a congressional bill named after him. President Obama and some other Democrats wanted to have every millionaire pay a minimum of 30 percent in taxes. They called their plan the Buffett Rule, and yesterday -- the day before Tax Day -- the Senate rejected it.
I don't know enough about the effects of the Buffett Rule to know if I would favor it. But, I do know our governing leaders should be jumping to take the money Buffett is offering. Set it up so he and his fellow richies can voluntarily contribute, supposing you don't want to actually tax them more. Do something. Don't let that money just set there on the table.
America is a poor boy these days. Don't turn Buffett away. What is that saying? Don't bite the hand that feeds you? Well, don't slap away the hand that wants to feed you, either.
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