Letter: Buffett Rule hurts investment, U.S. competitiveness
By Steven Wishau - The Daily Cardinal and James Mashal | Apr. 15, 2012I am writing in response to the recent article “Buffet Rule makes the super rich pay their fair share.”
I am writing in response to the recent article “Buffet Rule makes the super rich pay their fair share.”
For the great majority of my life, I do not remember Wisconsin being the nationally funded political free-for-all it is now. Ever since the state Republican Party came to power the relative peace has fallen apart.
Next November’s elections will feature a fight for Sen. Herb Kohl’s, D-Wis., seat in the United State’s senate. The Democratic candidate will be Rep. Tammy Baldwin, D-Wis., and one of the biggest names on the Republican side is Tommy Thompson, former four-term governor of Wisconsin.
With presidential elections looming near in the future, the candidates are buckling down and getting serious about their campaigns. President Barack Obama has recently been pushing his plans for the Buffett Rule, a tax system he plans to enact if he is reelected. The Buffett Rule is simplistic in nature: the wealthiest one percent of the nation should pay at least the same tax rate as those in the middle class. Its name comes from the famous Warren Buffett, an extremely wealthy investor who admits he pays a lower percentage of income taxes than his secretary.
As the state gets gears up for what is sure to be an exciting recall election in the coming months I sit here wondering who I will be supporting. Fighting the urge to just go along with whoever my roommate, a political science major, chooses, I decided to do a bit of research.
After the announcement of the June 5 gubernatorial recall election, Wisconsin voters may have a few more reasons to be upset with Gov. Scott Walker. Although I have felt indifferent and even somewhat annoyed by the recall talk throughout the state, recent legislation signed by Walker in secrecy throughout the past week has made me think otherwise.
While the state of Wisconsin was enjoying the long Easter weekend, Gov. Walker quietly signed into legislation a duo of anti-abortion bills. The purpose of these bills is to make it harder for women to access abortion services, while ensuring that the events in the examining room are scripted and orchestrated by the government.
It’s no secret anymore that the GOP has been in a major identity crisis since the utter catastrophe that was George W. Bush’s presidency. With Congressman Ron Paul’s visit to UW-Madison I feel it’s the perfect time to comment on not only Paul, but also with the very character of the Republican Party itself.
As many Wisconsin residents and UW-Madison students are aware of by now, U.S. representative and presidential hopeful Ron Paul will visit the Madison community this Thursday for a town hall-style event at the UW-Madison Stock Pavilion.
The recent shooting of Florida teenager Trayvon Martin by a neighborhood watchman George Zimmerman has grabbed the country in rapt attention, especially because the perpetrator of the killing has not been detained yet. This is because Florida’s ‘Stand your ground’ law grants immunity to people who have used deadly force in their own defense. The lack of substantial witnesses in this case has also compounded the applications of the law, because there is no concrete evidence proving Zimmerman was not acting in self- defense. A similar incident occurred in Slinger, Wis. earlier this month in which a 20-year old man, Bo Morrison, was shot dead by a homeowner, Adam Kind, upon whose porch the former had intruded after partying at a neighbor’s house late after midnight. Wisconsin’s Castle Doctrine was invoked in this situation, and Kind has not been detained in relation to this shooting.
Last Thursday, The Daily Cardinal, Badger Herald, Wisconsin State Journal, Madison.com, UW-Madison and other news outlets broke headlines on a report detailing an unfortunate alleged racial incident against two black female students walking through frat row.