Dividend Voodoo
By Warren Buffett

Financial Guru hits the new Bush tax cut with a rhetorical broadside:

When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a "break" requires -- now or down the line -- that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party.

Supporters of making dividends tax-free like to paint critics as promoters of class warfare. The fact is, however, that their proposal promotes class welfare. For my class.

I suggest that you click on the link and read the entire article, its that good. Warren Buffet it is a real asset to the Democrats, one that they should take advantage of more often. The fact that he runs a mutual fund helps insulate him from charges of classes warfare and gives more heft to his economic advise.