"The largest single barrier to full employment of our manpower and resources, and to a higher rate of economic growth, is the unrealistically heavy drag of federal income taxes on private purchasing power, initiative and incentive." – President John F. Kennedy in a special message to Congress on tax reduction and reform Jan. 24, 1963
It is one of the great political lies of modern American life that the ultra-wealthy are all conservative Republicans. If only it were true. Take Warren Buffett, for instance. He is one of the wealthiest men in the world, with a personal fortune estimated at approximately $50 billion. He has been an investor for six decades. As a businessman, you would think he was conservative. Well, you would be wrong.
