2011-02-17financialsense.com

``Although far from legendary, Warren Buffett’s cognitive dissonance, regarding taxes, is maddening. On the one hand, he celebrates the Sixteenth Amendment and brags about the billions of dollars Berkshire Hathaway pays in federal income taxes – after all, Buffett is self-described as Uncle Sam’s "grateful nephew." Yet, on the other hand, he basically refuses to lend money to Uncle Sam for fear that the federal government will pay back the loans with cheaper dollars; which is, as Ron Paul describes, the inflation tax. Taxation is theft regardless if it is through the overt coercion of income taxes or through the stealth of inflation. Apparently, Warren Buffett approves of theft at gunpoint yet detests having his pocket picked. Go figure.''



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