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Even Dem Harold Ford Rips 'Buffett Rule' April 16, 2012

On the set of Morning Joe this morning, former Democratic Senate candidate Harold Ford criticized the so-called 'Buffett Rule' in a way that is not typically heard from (and not typically pleasing to) most Democrats.

"Do you know how many people in the country are like Warren Buffett in terms of their wealth?" Ford asked the panel.

"Maybe three," he said, answering his own question. "And two of them live here in [New York City]. One is our mayor."

"You have guys making a half a million or a million dollars a year being compared to Warren Buffet," Ford continued, referring to the Buffet Rule's impact only on people making $1 million per year or more. "It's not fair."

It's pretty rare that you hear a Democrat use the f-word ("fair") while attacking a progressive tax policy, but Harold Ford did it. This morning. For real.

"A woman making $600,000 a year is being compared to Warren Buffet... that comparison doesn't stick," Ford said.

To date, the Democrats have done a good job at playing the class card to gain public support for this rule. Gallup has a poll that indicates that 60% of Americans support the Buffett Rule.

But, like so many other progressive proposals, the more that Americans learn about it, the more they see how inherently unfair it is, and the more they realize that it won't even come close to reducing the deficit, the more likely they are to oppose it.

Looks like Harold Ford is going to be one of those voices that sets the record straight.

Check out the video below.


 

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