Warren Buffett

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Again: Bill O'Reilly Distorts Facts and Truth

Recently on his show, Bill O'Reilly' expressed this about the Buffet Rule: "If the Buffet Rule is passed and millionaires have to pay more in taxes then they will invest less than they do now." This is the kind of misrepresentation of his opinion as fact is a primary example of why most FOX News viewers are more misinformed than other viewers of like networks. Where does Bill O'Reilly come up with this? Why would he make this up when he knows there is no proof of this? What could be his motivation? Perhaps he can convince his gullible audience to lower his taxes. After-all, that is what works best for him (even though it hurts the majority of his audience not to mention the US economy).

Time for the UN-distorted facts, from Bloomberg News:

Global investors overwhelmingly support President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more in an effort to reduce the deficit.

Doesn't sound like investors want to back-off at all, instead they think this will encourage more investing from the uber wealthy. Wait, the story continues...

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