I Hold No Brief for Warren Buffet

I THINK THE MAN is a moral idiot based on his notions of wealth and property as stated in public.

That said, this proposal — if his (I haven’t checked) — has merit. (Whether it’s his or not.)

“I could end the deficit in 5 minutes,” he [Buffet] told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible
for re-election.

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 — before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.

[Buffet] is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around. [I agree. — Alger] [Me, too! — Dolly]

Congressional Reform Act of 2012

1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office.

2. Congress (past, present & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people. [Agreed, so long as that “system” is a free and open market. No state meddling.]

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 12/1/12. The American people did not make th[e]s[e] contract[s] with Congressmen/women. [I agree, but wonder: since Congress are nominally the People’s representatives, is this assertion bootless?] Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work. [Again, I agree, but, as Rush has stated, government IS a profession. Why do we want amateurs playing the game?]

If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S. ) to receive the message. Don’t you think it’s time?

Discus. (The round thing they toss in the Olympics.)

2 responses to “I Hold No Brief for Warren Buffet

  1. Fantastic ideas. Only problem is that Congress would have to vote them into law, and the chance of that happening is right up there with me flapping my arms and flying to the moon.

    • Mark Philip Alger

      Yeah. That’s a problem with a lot of these things. But Buffet has a point there. The 27th Amendment DID go through VERY quickly, and it was a matter of public demand. There weren’t, to my uncertain memory, congresscritters standing in the way of the thing, but neither did many of them seem to want to propose it.