{"id":232604,"date":"2017-05-09T12:00:00","date_gmt":"2017-05-09T16:00:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=232604"},"modified":"2017-05-09T15:31:29","modified_gmt":"2017-05-09T19:31:29","slug":"warren-buffett-health-care-costs-kill-economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/","title":{"rendered":"Why Rich Guys Like Buffett and Gates Say They\u2019re Against Tax Cuts"},"content":{"rendered":"<p>RUSH: Warren Buffett. Get this. Warren Buffett. You know he\u2019s a rich guy, and Gates and Buffett and all these rich guys, they are predictably, uniformly, routinely anti-tax cuts. And you know why? They don\u2019t pay income taxes. Gates has made his money. Buffett continues to make his. Buffett\u2019s money is all capital gains. So these guys do not have what is called ordinary income. So they can &#8212; any number of ways &#8212; freely say that they don\u2019t support tax cuts, that they don\u2019t need them. &#8220;Tax cuts for the rich are horrible; it\u2019s unfair, blah, blah.&#8221; Because it\u2019s not anything that impacts them.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-232617\" src=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax.png\" alt=\"\" width=\"585\" height=\"177\" srcset=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax.png 585w, https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax-300x91.png 300w\" sizes=\"(max-width: 585px) 100vw, 585px\" \/>They don\u2019t pay income taxes. The real wealthy do not. The real wealthy don\u2019t get real wealthy because somebody paid them an exorbitant salary. That\u2019s not how real wealth happens. I\u2019m talking real wealth. You can be pretty good. You can be upper-middle class. If you\u2019re an athlete, people pay you a lot of money. When you get to Gates, you know, the billionaire level and multi-multi-multimillionaire, we\u2019re not talking about salary; we\u2019re not talking about wages. So those people don\u2019t pay income tax. They might have a little income to throw in there, but, I mean, the majority of their wealth and taxable income is not ordinary earned income.<\/p>\n<p>The reason these rich guys are always out promoting no tax cuts is because it\u2019s the best insurance they can get against the barbarians storming their gates and trying to steal their money. I mean, if you\u2019re Gates, if you\u2019re Buffett, the super-rich people, it\u2019s very, very smart to be against tax cuts. Very, very smart. &#8220;I don\u2019t need it!&#8221; It\u2019s a very, very smart to say. &#8220;It\u2019s unfair that I should be getting a tax break like this.&#8221; It builds a bridge of connectivity to the little guy and the little gal. The little guy and little gal thinks Buffett\u2019s on his side, thinks Gates on his side.<\/p>\n<p>There\u2019s no reason to get mad at Gates and want to take his money! No reason to pie-in-the-face Gates like they just pied-in-the-face the CEO of Qantas airlines. Did you see that? But Buffett has come out and said, &#8220;Taxes are not a problem. Taxes are not the problem. We don\u2019t need a tax cut.&#8221; He said, &#8220;Taxes are not problem. Taxes are not why business is choking. Taxes are not why business is having problems. It is health care that is the biggest problem &#8212; the unknowable expenses, the idea that the expenses are gonna continue to grow, the inability to pay for it and factor the growth and come up with business plans. It is health care.&#8221;<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/67XddeycpFY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>I said, &#8220;Whoa, w-w-what?&#8221; He has his annual meeting of shareholders in Berkshire Hathaway and he has his annual meeting with other rich guys to come in and listen to St. Warren pontificate, and he told a group of people this. I think it was yesterday. It might have been over the weekend. And I\u2019m say (stammering), &#8220;What? W-w-w-w-wait! W-w-w-we\u2019re in the midst of here of trying to get of Obamacare repealed, and basically Buffett comes along and says it\u2019s a great thing today?&#8221; All kinds of things are happening out there while you\u2019re focused at the Drive-By Media.<\/p>\n<p>They can\u2019t let go of Sally Yates. They can\u2019t let go of that narrative that Trump\u2019s a fraud and illegitimate and unjust. There\u2019s all kinds of stuff happening out there.<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: I only gave you half of the Warren Buffett story to tease you, my friends, because here\u2019s the entire story. NPR reported, &#8220;<a href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/05\/06\/527193477\/the-oracle-of-omaha-condemns-republican-health-care-bill-at-berkshire-meeting\">&#8216;Oracle Of Omaha\u2019: Republican Health Care Bill &#8216;A Huge Tax Cut For Guys Like Me\u2019<\/a>.&#8221; From a <a href=\"http:\/\/www.cnbc.com\/2017\/05\/08\/one-clear-take-away-from-the-gop-health-care-bill-were-going-to-cut-the-hell-out-of-income-taxes-for-the-rich-says-warren-buffett.html\">Reuters story<\/a>: &#8220;Berkshire Hathaway Chairman Warren Buffett on Saturday fumed that health-care costs are eating away at the U.S. economy like a &#8216;tapeworm,\u2019 and said the Republican approach to overhaul the Affordable Care Act is a tax cut for the rich.&#8221;<\/p>\n<p>Now, lest you not know, Warren Buffett\u2019s a huge liberal, and many people who don\u2019t know that are shocked because they associate Warren Buffett with uber-capitalism, and they figure, &#8220;An uber-capitalist? How can a guy who\u2019s made his money the way he has be a liberal?&#8221; It\u2019s a studied calculation. One of the smartest things that rich people&#8230; Look at the Kennedy family, folks. The Kennedy family, as led by the patriarch, Joseph Kennnedy, were uber, uber, uber-capitalists.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-232657\" src=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/650-050917-Buffett-Gates.jpg\" alt=\"\" width=\"650\" height=\"310\" srcset=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/650-050917-Buffett-Gates.jpg 650w, https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/650-050917-Buffett-Gates-300x143.jpg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/>They also wanted to get into politics, and they knew that there are gazillions more middle class and poor people than there are rich people. So old Joe quickly figured out that he had to find a way to excuse his family\u2019s wealth and his sons\u2019 wealth by inheritance, and the way he did it was to point the Kennedy family toward &#8220;social justice&#8221; &#8212; toward the disadvantaged, the poor, the hungry, the thirsty &#8212; using other people\u2019s money, not the Kennedy money.<\/p>\n<p>It\u2019s never their own money. They\u2019re always petitioning the government to raise taxes or so that the money can be redistributed. Not their money. Oh, no! Good liberals never use their own money. They use yours and the money of your fellow taxpayers as they advocate for redistribution. It buys them a giant moat around their wealth. It protects them, because the Democrat Party is out practicing class envy and class warfare as a daily application, and they\u2019re creating hatred for the rich.<\/p>\n<p>So the rich need some insurance, and so they become liberals publicly, which has the effect of building a giant wall or a giant moat around them. Liberals don\u2019t want to attack \u2019em; Democrat voters love them because they think they\u2019re for the poor and the little guy. It\u2019s all a show. And that\u2019s what Buffett\u2019s doing here with health care as well. &#8220;Tax cut for the rich? It\u2019s insane!&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: The rich need some insurance, and so they become liberals publicly, which has the effect of building a giant wall or a giant moat around them. Liberals don\u2019t want to attack \u2019em; Democrat voters love them because they think they\u2019re for the poor and the little guy. It\u2019s all a show. <\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Rich Guys Like Buffett and Gates Say They&#039;re Against Tax Cuts - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Why Rich Guys Like Buffett and Gates Say They&#039;re Against Tax Cuts - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The rich need some insurance, and so they become liberals publicly, which has the effect of building a giant wall or a giant moat around them. Liberals don&#039;t want to attack &#039;em; Democrat voters love them because they think they&#039;re for the poor and the little guy. It&#039;s all a show.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"George Prayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax.png\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/05\/BUffet-gatesTax.png\",\"width\":585,\"height\":177},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/\",\"name\":\"Why Rich Guys Like Buffett and Gates Say They're Against Tax Cuts - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/#primaryimage\"},\"datePublished\":\"2017-05-09T16:00:00+00:00\",\"dateModified\":\"2017-05-09T19:31:29+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Rich Guys Like Buffett and Gates Say They\\u2019re Against Tax Cuts\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349\",\"name\":\"George Prayias\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g\",\"caption\":\"George Prayias\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/georgeeibnet-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Rich Guys Like Buffett and Gates Say They're Against Tax Cuts - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2017\/05\/09\/warren-buffett-health-care-costs-kill-economy\/","twitter_card":"summary","twitter_title":"Why Rich Guys Like Buffett and Gates Say They're Against Tax Cuts - The Rush Limbaugh Show","twitter_description":"RUSH: The rich need some insurance, and so they become liberals publicly, which has the effect of building a giant wall or a giant moat around them. 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