Warren Buffett’s law, formulated based on Warren Buffett’s disgust at the fact he a lower tax rate than his secretary, struck a chord with the American public, and is now being used as a launch platform for the Democratic party’s attempt at tax reform.

The idea of tax reform is a topic that has divided Americans for centuries. Buffett’s law would introduce a minimum tax rate to all people in America with an annual income greater than $1000000. These millionaires would be taxed at a rate at least as much as the middle class citizens who make less, but often have to pay more in percentage than their ne’er-do-well millionaire counterparts (Below is a ne’er-do-well millionaire).

Buffett’s law seems to be a viable solution to the debt crisis in America. Applying heavier taxes on the rich, especially those who can circumvent the taxes through loopholes, is not only a great way to generate more taxes, but could equalize the playing field for all citizens of America. However, like any kind of political debate, the republicans will argue that Buffett’s law is creating a class war, where as democrats will see this as one of the few ways to recover from the recession.

As a self-proclaimed American gangster, Chael Sonnen ,a recent UFC Middleweight contender, has built an entire career out of a mixture ruthless trash talking and hilarity.

However, it’s his penchant for mortgage fraud as a Realtor that’s given him two years of probation and a fine of ten thousand dollars.

Sonnen would acquire mortgage loans from banks under the guise of needing the money for house repairs. This money would then be paid to his mother’s plumbing company which would then be used as incentives for straw buyers. No repairs were done.

The straw buyer is the person who accepts the cash and allows his name to be used on the paperwork for a mortgage application. The mortgage loan is collected by the Realtor and his associates while the straw buyer unknowingly assumes the consequences, happy receiving the incentive.

It was people like Sonnen who were responsible for causing the massive black hole that was the housing market collapse. He either tricked or collaborated with customers into a long term mortgage scam that would eventually ruin their financial stability. This unethical behavior caused a chain reaction that left banks with a surplus of unsalable houses.

Totally Unethical

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