Question Everything. Even Warren Buffet.

Warren Buffet’s recent op-ed in the New York Times withers under scrutiny. Plus, if Mr. Buffet wasn’t so concerned about his tax liabilities, then why does he shunt so much of his wealth into tax-sheltering foundations?

But this entire discussion is a good example of why we should junk the corrupt, punitive, and unfair tax code and replace it with a simple flat tax. With no double taxation and a single, low tax rate, we would know that rich people were paying the right amount, neither too much based on class-warfare tax rates nor too little based on loopholes, deduction, preferences, exemptions, shelters, and credits.

via Warren Buffett’s Fiscal Innumeracy | Cato @ Liberty.