As a parent and a citizen I'll take a Bill Gates (or Warren Buffett) over Steve Jobs every time. If we must have billionaires better they should ignore Jobs's example and instead embrace the morality and wisdom of the great industrialist-philanthropist Andrew Carnegie.

If Warren Buffett made his money from ordinary income rather than capital gains his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.

President Obama likes to talk about the Buffett Rule. Well here's a Buffett Rule that all Americans should be able to support: mom and pop businesses should not pay a higher tax rate than Fortune 500 corporations like Warren Buffett's.

Over and over again financial experts and wonkish talking heads endeavor to explain these mysterious 'toxic' financial instruments to us lay folk. Over and over they ignobly fail because we all know that no one understands credit default obligations and derivatives except perhaps Mr. Buffett and the computers who created them.