Tax Rascal

Occupy Wall Street Could Learn a Thing or Two from Tip O’Neill

Categories: Economy, Featured, Politics, Tax Policy

The right wing Tea Party protests may ultimately pack more of a punch than Occupy Wall Street

Now that Occupy Wall Street is approaching the two month benchmark (and has even survived its first snowstorm), it has become common for pundits to draw comparisons between it and the Tea Party movement. Both were born of populist anger over the recession and government bailouts of U.S. banks and both have expressed that anger through showy protests that garnered considerable media attention.

Even our esteemed Vice President, never one to leave anything to subtlety, has made the connection between the two movements. Speaking of Occupy Wall Street he said, “Look, there’s a lot in common with the Tea Party. Read more...

Warren Buffett Starts a Fire

Categories: Business, Economy, Featured, Politics, Tax Policy

Warren Buffett Urges Congress to Stop Coddling the Super-rich

Not days after the Rascal’s better than evens prediction that the debate on taxation would burn brightly through next year’s November elections, here is Warren Buffett with fresh fuel for the flame. Mr. Buffett, lest you forgot, is currently the world’s third richest man, with an Everest high fortune assessed at $50 billion.

In his most recent op-ed in this past Sunday’s New York Times, Buffett once again urges Congress to tax the mega-rich, including of course himself. The Sage of Omaha, as the Berkshire Hathaway investor is known, has made that same pitch on numerous occasions in the last few years. But his loud calls for higher taxes on the … Read more...


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