On Bloomberg's Political Capital with Al Hunt over the weekend, Hunt asked columnist Robert Novak what he thought of Buffett's "selflessness." Novak angrily responded: "Well, that's ridiculous. He's going to protect himself and his heirs. That is the biggest hypocrisy in the world. And people who like high taxes just latch onto him. But he should be ashamed of himself by putting out that phony message." (A video clip of the exchange is posted on ThinkProgress.org. The entire programcan be seen at Bloomberg.com.)
There was a similar objection on The Journal Editorial Report, a Fox News Channel program featuring members of the Wall Street Journal Editorial Board. Cypress Semiconductor founder and CEO T.J. Rodgers rejected Buffett's call to "take a little more out of the hides of guys like me."
According to a transcript posted at OpinionJournal.com, Rodgers told Paul Gigot: "Warren Buffett is not talking about himself. He's the master of hypocritical statements. He's talking about guys like me. Warren Buffett has billions, tens of billions of dollars beyond the tax stage. So it's easy for him to say tax the other guys." Rodgers argues that if you "start taxing the wealth creators in the world, which are younger guys like me right now, we're simply going to move a bunch of money from productive investment to Washington." (A video clip of the segment is also available on FoxNews.com.)