Published on September 08, 2011 in El Nuevo Herald of Miami
Besides being one of the two richest men in the world, Warren Buffett for his actions, has proven to be a true American Patriot.
The Oracle of Omaha, as it is also known by his financial genius, has published an OP-ED in the newspaper of largest circulation in the U.S. requesting the he should be charged with more taxes. Even, his friend contacted mega-rich, all agreed they are able of paying more taxes to help with the enormous economic crisis plaguing the U.S.
Of course, a claim of this magnitude, destroys the Republican view that the tax increase in the wealthiest sectors, would increase domestic unemployment and capital flight to other countries.
Additionally, Warren Buffet recently invested five billions Dollars in one of the most important banks in America, with many branches and employees. It would have been catastrophic if one of the biggest banks closed its doors, not only for the new thousand of unemployed people, but by the negative expectations that generate more distrust in the U.S. financial system that could led to a “domino effect” thus breaking down other financial institutions that currently show a poor relation Capital – Assets.
As we see, Warren Buffett is not only a multimillionaire but also a man concerned about his country and the actions taken by him are extremely important contributions to the maintenance of our system as we know it today.
Hopefully our politicians can follow this honorable Patriot and stop thinking of their own profits while adopting the necessary measures to safeguard the Economic model of our great country.
BENJAMIN F. DeYURRE
