That’s what Warren Buffet thinks.
“I think that people at the high end, people like myself, should be paying a lot more in taxes. We have it better than we’ve ever had it,” he told ABC’s Christiane Amanpour in a clip played on “This Week” on Sunday.
And Buffet is not the only billionaire who argues for higher taxes.
UPDATE to answer the comment.
It makes perfect sense that Buffet does not voluntarily pay more taxes. He would likely be the only billionaire in America sending in his fair share, although there are many who acknowledge they should pay more. His money would have little impact that way so he donates to charities instead. If the tax rate were raised on ALL billionaires and millionaires, then the impact would be huge and you and I could keep more of our income.
…should drive the speed limit.
…should think things through and learn so I make better decisions.
…should tell the truth and be honest.
…should share more and be kinder to others, spend more time with loved ones.
…should clean the house and stop being lazy.
…should spend less on shoes and vanity.
…should remain faithful to my spouse.
…the wealthiest Americans succeeded in repealing an estate or inheritance tax levied only on several thousand of the richest families in America by dubbing it a death tax, whose repeal generated popular support, in the wake of millions of dollars spent to shape public opinion. (This amazing feat is largely a result of the belief that every American has a chance to become rich, despite all the evidence to the contrary. As Bill Moyers said recently, the surest way to become rich is to choose your parents well. So even poor people supported the repeal in the fanciful belief that they might one day need this tax relief.) LINK
Government, regulation and sharing–Christian concept–should not be dirty words. You should think about who made them dirty words and why. We have allowed our government to become our enemy but we can and must change that.