DIGG THIS Two of America’s highest-profile advocates of wealth redistribution are Barack Obama and Warren Buffett. Presently, President-elect Obama is pushing to redistribute $50 billion to Detroit’s three failing automakers. He is particularly concerned about the possibility that GM may file for bankruptcy in a few months. As for Warren Buffett, you may not be aware that he is a strong proponent of the income tax, the estate tax, and double-taxation on dividends (for more on this matter, read this Forbes article: Warren Buffett’s Tax Fetish). With these two gentlemen being kindred spirits, perhaps Mr. Obama should "invite" Mr. Buffett … Continue reading Hey, Buffett: You Bail Out General Motors