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Warren Buffett writes: "While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice."

Berkshire Hathaway Chairman Warren Buffet is surrounded by the press at his company's annual meeting in Omaha, Nebraska, 04/30/11. (photo: Reuters)
Berkshire Hathaway Chairman Warren Buffet is surrounded by the press at his company's annual meeting in Omaha, Nebraska, 04/30/11. (photo: Reuters)


Tax the Rich

By Warren Buffett, The New York Times

15 August 11

Our leaders have asked for "shared sacrifice." But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as "carried interest," thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they'd been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It's nice to have friends in high places.

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+102 # Capn Canard 2011-08-15 10:21
Thanks to Warren Buffet for stating the obvious that the Mainstream Media completely ignores or buries on the back pages.
 
 
+66 # NanFan 2011-08-15 10:38
Quoting Capn Canard:
Thanks to Warren Buffet for stating the obvious that the Mainstream Media completely ignores or buries on the back pages.


Thankfully, the NYT IS mainstream media!

Way to go, Warren!

N.
 
 
+28 # Rita Walpole Ague 2011-08-15 12:36
Yes, Capn Canard, and thanks also to Warren Buffet for avoiding the greed and power addiction trap so many of his fellow billionares (I call them villainaires)di splay today.

Buffet recognizes that control is an illusion, and greed and pride is and has been the root of evil forever and a day. Kudos and then some to Buffet.
 
 
+55 # dkonstruction 2011-08-15 10:36
To talk about "shared sacrifice" at this point is a sick joke at best. A recent PEW study showed that between 2006-2009 2/3 of all African American wealth was wiped out; more than 1/2 of Latino wealth. The only reason "liberals" like Buffett are saying anything is the same reason the "liberals" during the Great Depression spoke up....only this time they see that "they" have unleashed a monster (the fundamentalist right) that "they" cannot control; that the large investment banks (now even larger since the bailouts/merger s) are more insolvant (we used to call this bankrupt than ever and it's just a house of cards waiting to come down (if Spain or Italy goes that's it because they are "too big to save"); and, the recent "riots" in the UK (just a matter of time before the come here). the only "solution" is the same as it has always been in this country; a real radical movement with the political clout (and that doesn't mean elections folks) that scares the powers that be to institute meaningful reforms until such time as we can rid ourselves once and for all of this capitalist beast...it's either that, or we will simply be this generation's "good germans" who do nothing to fight the (neo) fascists
 
 
+22 # noitall 2011-08-15 11:33
dk speaks the truth.
 
 
+33 # in deo veritas 2011-08-15 12:50
RIGHT ON! The only chance left is to FORCE Congress to pass HR1489 to reinstate Glass-Steagall that would separate the commercial banks from the reckless investment bank gamblers. Even John McCain is on board for this bipartisan plan! Are "your" legislators on board? Ask them! If not pressure them! It maybe our last chance to avoid the dark age waiting in the wings.
 
 
+77 # artful 2011-08-15 10:44
So long as we have a fascista opposition party owned and controlled by such rich trash as the Kochs and Murdochs, we will not be able to tax the rich. Buffet is, of course, correct, but we the people must first own the tragedy of the republicans and their conversion to true fascism.
 
 
+30 # mbh 2011-08-15 10:47
PAT TOOMEY! Are you listening??? Will you listen when I call your office in a few moments??? Club for Growth???? BS!
 
 
+59 # fredboy 2011-08-15 10:51
Thank you, Mr. Buffet.
Most of the very wealthy I've met give a great deal to help others. And all of them are very embarrassed by tea party/GOP politics that single them out--thus targeting them for undeserved ridicule. I believe that is really part of the plan.
We must remember the reich wing most likely wants to destroy the America we know and replace it with the America they envision--one of strict control and even vicious control if necessary.
Happened in Germany, and it can happen here. Guarantee it will include the same targets.
 
 
+21 # noitall 2011-08-15 11:37
Our brainwashed brothers will be happy to help them. Remember Buffy Saint-Marie's timeless lyrics in "Universal Soldier", still appropriate (sadly enough) today. I saw her this weekend in concert, wonderful, energetic performance from a Cree in her 70th year!
 
 
+32 # noitall 2011-08-15 11:52
The infrastructure for this plan "to destroy the America we know and replace it with the America they envision--one of strict control and even vicious control if necessary." is in place: The owned Supreme Court, the media, bought-and-paid -for "leaders", non-voting Americans, a People ignorant of this country's history and Constitution, lambs at the workplace fearful for their jobs, militia-goons for hire (trained by our tax dollars, a culture of fear and greed and racism. It is ALL SET.
 
 
0 # AML 2011-08-17 11:40
If we want America to be like it used to be we need to roll back taxes to be like they used to be. It's that simple.
 
 
+44 # chick 2011-08-15 10:59
I see Obama's rating is going down but the Republicans are still low but not low enough. By now you would think they would be 0. Or maybe .05 since there are always some Reugs who would vote for them.

We have got to put all our energies to see the Repubicans lose every candidate they put up. We are the majority and if we don't stop blaming the Democrats and start working against the Repugs we will go down the drain.

Don't just talk, do action.
 
 
+9 # noitall 2011-08-15 11:56
We "MAJORITY" could vote INDEPENDENT. What have the Dems given us lately besides lies and excuses? Draft Bernie Sanders? Everyone I would vote for are deemed unelectable because of their "radically left opinions". "Radically left" is only a term coined by the Radically Right and WE MAJORITY, dumb as posts, follow along and vote for what we consider the least of two evils (in spite of the fact that its the same outcome). Vote Independent (no matter who it is, except Lieberman) and stir it up.
 
 
+60 # grannym 2011-08-15 11:09
It's time to end costly entitlements like tax welfare for the obscenely rich. It's time to remind people that our un-elected President George Bush and his equally un-elected President of Vice, Cheney, started an illegal and pointless war and did NOTHING to pay for it. Was that war simply a ruse used to bankrupt the government?

End entitlements. End the welfare payments to the military industrial complex. End the pork-barrel entitlements so many Rethuglican senators, congressmen and governors keep insisting on.

Yes, share the sacrifice. End welfare was the rich know it. No more tax welfare entitlements for million/billion aires.
 
 
+4 # rf 2011-08-15 12:21
I'm holding my breath!
 
 
+3 # Allison 2011-08-15 21:35
grannym, I'd give you an infinite number of "thumbs up" if I could!
 
 
+40 # Eichhorn 2011-08-15 11:13
We worship the rich in our country. Their money is sacrosanct. It is our national religion. This is the worship of mammon which the Bible warns us about, and this religion requires human sacrifice. Cutting Medicare, Medicaid and Social Security kills people. Things have to be paid for. Why tax the rich? Because that's where the money is.
 
 
+19 # boudreaux 2011-08-15 11:35
Well Mr. Buffett, all I can say to you is next time get right up there in congress and tell them how you feel about not being taxed. That ought to fix it...
 
 
+20 # PatriotPaul 2011-08-15 11:46
Thank you, thank you, thank you!!!! This should be the headline news on Fox "News", CNN, MSNBC, etc. plain and simple.

Paul Harris
Author, "Diary From the Dome, Reflections on Fear and Privilege During Katrina"
 
 
-45 # Willy Loots 2011-08-15 11:46
Mr. Buffet,
Afraid that when this unjust tax law continues it is possible the rich will lose everything.
And will the rich pay 51% tax right now.
Will they will cope with that? I don't think so.
If you mean what you say Just pay. There is no law that forbid you to pay more tax.
Willy Loots
 
 
+13 # Cassandra2011 2011-08-15 15:38
Quoting Willy Loots:
Mr. Buffet,
Afraid that when this unjust tax law continues it is possible the rich will lose everything.
And will the rich pay 51% tax right now.
Will they will cope with that? I don't think so.
If you mean what you say Just pay. There is no law that forbid you to pay more tax.
Willy Loots


The LIE (repeated Ad infinitum, by the blond airheads on Faux News, is that th3e tax rate for the superrich and the corporations is SOOOO.... high...... Of course, they NEVER PAY TAXES, (Cf,.GE and Google e.g.), preferring to spend their billions on high-priced tax cheating lawyers and accountants and lobbyists in Washington instead. They ship out jobs and their so-called headquarters (PO boxes) to Bermuda and Ireland and other tax havens rather than actually paying their fair share of taxes. THEY DO NOT SHARE IN ANY SACRIFICE, PREFERRING TO TURN WORKING PEOPLE INTO THE NEW SERFS for THEIR CORPORATIST/FAS CIST NEO-NAZI THEOCRACY. They are unpatriotic sleazy thugs without honor.
 
 
+4 # TrueAmericanPatriot 2011-08-15 21:14
Quoting Cassandra2011:
Quoting Willy Loots:
Mr. Buffet,
Afraid that when this unjust tax law continues it is possible the rich will lose everything.
And will the rich pay 51% tax right now.
Will they will cope with that? I don't think so.
If you mean what you say Just pay. There is no law that forbid you to pay more tax.
Willy Loots


The LIE (repeated Ad infinitum, by the blond airheads on Faux News, is that th3e tax rate for the superrich and the corporations is SOOOO.... high...... Of course, they NEVER PAY TAXES, (Cf,.GE and Google e.g.), preferring to spend their billions on high-priced tax cheating lawyers and accountants and lobbyists in Washington instead. They ship out jobs and their so-called headquarters (PO boxes) to Bermuda and Ireland and other tax havens rather than actually paying their fair share of taxes. THEY DO NOT SHARE IN ANY SACRIFICE, PREFERRING TO TURN WORKING PEOPLE INTO THE NEW SERFS for THEIR CORPORATIST/FASCIST NEO-NAZI THEOCRACY. They are unpatriotic sleazy thugs without honor.

Cassandra, you deserve a SOLID GOLD MEDAL for this post! WELL SAID! These un-american thugs have sucked the middle class DRY, and WANT MORE!
 
 
-26 # cooper 2011-08-15 11:54
sure Buffet can say this now, when there isn't a chance of it ever happening. there is so much he could do and hasn't done, i.e. support single payer, set up progressive think tanks, support Current TV, FreeSpeech TV, DemocracyNOW,wa lk with the verizon strikers (or at least support their strike fund, support the movement against the right wing/corporate coups in Wisconsin, Michigan, Ohio, Florida, New Jersey, etc. etc. But of course he doesn't because he is a BILLIONAIRE; people, he's against everything the middle class stands for. Get real. He's as bad as the rest of them in Congress. He's right up there with the Koch Brothers. He wouldn't have gotten his billions without being as ruthless as they are. No one deserves to be a billionaire. It's just pure greed at the expense of the American people.
 
 
-30 # edge 2011-08-15 11:55
Hmmm, Warren Buffet takes all of his deductions and then says tax me more!
He does NOT need to take any deductions, but he wants others to pay what he himself is not willing to.

Hey Warren here is a test for you:

How about a billionaires tax on wealth and not on income:
Have a box on your tax return for you to OPT-IN.
If you check the box then you agree to pay 1%/billion of your wealth.

1 billion = 1%
2 billion 1% on first then 2% on second....50 billion you pay 50% on the fiftieth billion!

I bet you won't sign up because you are not willing to give up your wealth unless everyone does.

edge.
 
 
+12 # PGreen 2011-08-15 18:39
Warren Buffet is simply playing according to the rules that have been laid down. He knows that they aren't fair.
Establishment conservatives always seem to call for Buffet to pay more taxes himself, as though this act would be a solution for the national debt. We have a social compact! To argue that individual initiative is all that is necessary, is argue for its invalidation.
The real issue here is fairness, and a revision (not an abolition) of the rules.
I'm sure that Buffet is no saint; in some ways he may be more devious than other folks with his relative wealth. He likely knows that our current economic distribution is unsustainable. Without significant reform to redistribute wealth our entire economy is a disaster waiting to happen. Buffet would likely prefer to see this significant reform, as it at least allows him to keep his immense privilege. A total collapse would not.
It's called self-interest. I'm surprised that more establishment conservatives aren't lining up behind Buffet; I guess ideology trumps common sense.
 
 
+9 # popse1 2011-08-15 11:59
Is it possible for Mr. Buffet (or anyone else for that matter) to make voluntary donations to the U.S. Government? If so, Mr. B. could lead the way in starting a movement of billionaires who make such contributions to help out until our tax laws are changed.
 
 
+19 # in deo veritas 2011-08-15 13:10
Fat chance that fascists like the Koches would volunteer a dime!
 
 
-65 # Robt Eagle 2011-08-15 12:06
Who will support this country when you take over the vote and all the Dems make freebie rules for all? Hard work will stop because it will be given away to those on the dole. Like no one trying to get an A in school if all grades are averaged for the entire class. Take away incentives and everyone loses. More government ins not the solution, it is the problem.
 
 
+11 # Smurfy 2011-08-15 15:42
Think about this. No one desires to live on minimum wage. if there is a chance to get out of poverty and live better most will pick that option. So assisting the under privileged when you have more than enough and can afford to will not turn the county into a land of freebie, cause living on freebie is barely living.
 
 
+7 # Ken Hall 2011-08-15 19:42
"Gov't is the problem." We've heard that for thirty years and where are we now? Einstein's definition of insanity but I'm not nearly so generous, I just call it ignorance.
 
 
+9 # TrueAmericanPatriot 2011-08-15 21:10
Quoting Robt Eagle:
Who will support this country when you take over the vote and all the Dems make freebie rules for all? Hard work will stop because it will be given away to those on the dole. Like no one trying to get an A in school if all grades are averaged for the entire class. Take away incentives and everyone loses. More government ins not the solution, it is the problem.

Your FAT CAT THIEVING IDOLS seem to have NO PROBLEM STEALING FROM THOSE WHO TRULY EARN!! Bob Vulture, you will NEVER change, and you are CERTAINLY NO EAGLE!
 
 
0 # NanFan 2011-08-18 04:37
Quoting Robt Eagle:
Who will support this country when you take over the vote and all the Dems make freebie rules for all? Hard work will stop because it will be given away to those on the dole. Like no one trying to get an A in school if all grades are averaged for the entire class. Take away incentives and everyone loses. More government ins not the solution, it is the problem.


Don't bogart that smoke, Rob! You've gone to another world on it, as you seem to think government is not already in your house at every turn. Open the window...or better yet...wash them.

N.
 
 
-34 # Robt Eagle 2011-08-15 12:11
Instead of making voluntary donations to the Federal Government, they give huge amounts to charity...that is better than taxing more, and they get a tax deduction for doing so, just like all you charitable givers!
 
 
+16 # BradFromSalem 2011-08-15 13:01
Mr. Eagle,

That is very selfish of you.

Please share whatever it is that you are smoking,

Research has proven that in large people do not act only in self interest. We act, by nature, in co-operative ways. The Ayn Rand model of human actions is false. To maximize the country's potential, we should look to insights on how humans work together. Selfishness is not an optimal model.

Now, pass that over here.
 
 
-21 # FM 2011-08-15 12:15
I do appreciate the cuts received; these have financed an even better standard of living and trips to visit friends and relatives. Current cuts will fund my trip to Europe next year. Yet, I would prefer to see our nation investing on our younger generations to preserve our edge as a "smart" people, to protect our aging population, (the objective should not be to accelerate their death in order to cut down our costs) and in cutting edge technologies to enable greater productivity if industry leaders care enough to attain it. But, if the middle class wants to disappear, I will do my best to stay alive and kicking enjoying their largesse.
 
 
+22 # frank 2011-08-15 12:15
Not only are the rich getting tax breaks, the RICH ARE NOT INVESTING IN OUR ECONOMY! From today’s WSJ:

Yet current surveys show the rich are among the most pessimistic about the economy. Rather than investing in stocks or companies that can create jobs, they are betting on continued volatility and slow growth by hoarding cash, gold and other safety assets. http://finance.yahoo.com/banking-budgeting/article/113324/rich-shy-from-stock-risk-wsj?mod=bb-budgeting&sec=topStories&pos=5&asset=&ccode=
 
 
+18 # Isar 2011-08-15 12:19
Warren Buffet may be OUR answer to the Koch brothers....Fig ht money with money. Perhaps Mr. Buffet should be financing the campaigns of the Liberal Dems who will be running for office in the next big election. The Koch brothers will certainly be doing their money-giving to the Tea Party candidates. Now that we are in a country that only "buys elections"....a nd the buying has to be with big money, then WE the Middle Class must find some big buyers who can put their money into our causes, because if we don't, the next election will be bought and paid for up-front by the Kochs. You betcha!
 
 
+9 # judy rice 2011-08-15 12:23
Thank you, Mr. Buffet. I HOPE some of your rich and corporate friends can agree with you on this. Because, the fact of the matter is, the American Middle class is dying. And once it's dead, you rich folks will have to pay for EVERYTHING--ALL THE TAXES!
 
 
+9 # Jane Gilgun 2011-08-15 12:26
This is common sense. How uncommon is common sense. Common sense does not affect those with one-track minds that stick to killing the monster, which they say is government. Look at the government perks these "monster" slayers benefit from. Let them have the same health care system as medicare and the same tax rates as those who work for a living; I mean, for salaries.
 
 
+4 # noitall 2011-08-15 13:05
It has taken $$$$$$$ from the rich to set up the scenario that this country is 'enjoying' today. Physics says it takes the same energy ($) to undo. Koch is theirs, is Buffet saying he will be OURS? Will he fund the Progressive message, Progressive rallys, Progressive causes? Thank you Warren, otherwise make your grandios statements somewhere else or look at your country as a Spotted Owl and drop a dime.
 
 
-30 # Robt Eagle 2011-08-15 13:07
Frank, if you had any investment money wouldn't you do the same as the wealthy. With BHO in the WH and the Dems owning both the Senate and the House for four years then still owning the Senate currently, any ration person would keep their money safe. Not knowing what you as a business owner is going to have to shell out for personnel (ObamaCare and changing tax structure) prevents the folks with money from making decisions...tha t is why it is not being invested in jobs. Obama and his policies are killing the possibility of growth in the US. He has expanded government so much and changed the framework of what made America great (incentive to make money) that no jobs are being created. Only personal and national responsibility is going to end this economic disaster. BHO blames it on everyone but himself. He owns this mess now and does nothing to fix it. That lends the question as to why? Either he is grossly incompetent or he is trying to destroy the US. Either way he and the Democrats have to go. The fate of this country is not in more government...it is in the people.
 
 
+5 # majorpayne 2011-08-15 13:42
This is such crap. Business owners who sell to the public don't spend money making products to sell simply because too many potential customers lack decent jobs and can't buy anything. If big businesses hadn't created so many loopholes trying to increase their advantage, it would be really simple. The more you make, the more you keep, no matter what the tax rate or bracket.

It's also simple for people who invest in the various markets, once you clear out all the shysters, including investment advisors who prey on widows and orphans. It's only a matter of figuring out what investments will be profitable. Just like with simple businesses, the more you make the more you keep, no matter what the income tax rate or bracket.
 
 
+12 # BradFromSalem 2011-08-15 14:07
in case you missed it, Democracy was put on hold during the Obama administration.

The Republicans have abused the filibuster. A gentlemen's agreement that the Republicans decided is to be always in play. To say the Democrats owned the legislative process is obscuring the blatant disregard that the Republican party has shown for Democracy.

Currently, the House is refusing to go on recess. Thus preventing Obama from making any recess appointments.

It is damn near impossible to govern when any legislation you support is blocked, and your ability to hire anyone who is consistent with how you want your administration to operate is blocked.

Obama has not increased the size of government. Any sane business person that is over the age of 20 and has a passing familiarity with American government and tax policy know that policy is always in flux. The only thing driving business decisions is one thing. Can I make a profit, based on the market I am in today. When the market changes, you re-evaluate.

Republicans, Give me back my Democracy before you completely break it!
 
 
+6 # Donna Quesnell 2011-08-15 13:34
Thank you, Warren Buffet! I wish there you could be cloned... It is so obvious that you are happy because you know that being honest, fair and compassionate are the secrets to a happy life.

You show that riches don't really bring happiness ..It is the "caring, honesty and love of people, their lot in life, and willingness to improve it, and the country, that does.

Good Bless you! Thank you, many times over!
 
 
+7 # Inland Jim 2011-08-15 14:36
It's good to have Buffet on board. Maybe he can convince our alleged leaders of what their constituent can't.
 
 
+3 # angelfish 2011-08-15 16:40
FINALLY! A MAN stands up for what is the only RIGHT and Honorable solution to our Debt problems! WHERE are your Co- Gazillionaires, Warren? Surely there MUST be more of you who KNOW that the THUGs have it BACKWARDS! CAll them out on their Wrong-headednes s! EMBARRASS their sorry A&&es! Humiliate them into doing their SWORN Duty to America and her Citizens! Make them eat Crow! I hope it sticks in their Craw and finishes them in the next Election! Forgive my rant, but it's about TIME SOMEONE benefiting from all OUR Largesse, at least, acknowledges it!
 
 
+3 # drew 2011-08-15 20:48
Buffet is awesome! And so is Soros for recognizing and supporting Buffet. Add Bill Gates Sr., Ted Turner and plenty more rich guys (and likely, gals too) who know that they're undertaxed and that Trickle Down has bankrupted the Country. Since Obama blew the opportunity to LEAD on this question ... I guess it's up to the citizenry! As Soros said, the rich are undermining their OWN long term self interests with this continued worship at the alter of Trickle Down! If the Country, economy and society collapse, being rich won't be nearly as much fun! Ya know the most important person who agrees with Buffet? ME! While Buffet is at the top of the top 2% of wager earners (and its easy for him to pay more taxes), I'm at the bottom (of that 2%) and I am fine paying more too. Both buffet AND me are incredibly blessed and can pay our fair share without anything I'd classify as real sacrifice.
 
 
+3 # NanFan 2011-08-18 04:31
Oprah, too.
 
 
+2 # TrueAmericanPatriot 2011-08-15 21:06
Thank you, Warren Buffet. Those three words ALMOST says it all. The statement and article title SHOULD say, "TAX THE GREEDY!" You sir, are truly a WEALTHY MAN because of your principles, moral consciousness, and the stand for justice that you take. Only these type of people are rich and wealthy. The OTHER FACTIONS,are simply GREEDY, SELFISH, AND EVIL!!! GET OUT THE VOTE IN 2012!! VOTE ABSENTEE, AND VOTE EARLY!!!!
 
 
+2 # levi 2011-08-15 22:13
I'm not politically astute... not wealthy and certainly not repuglican or even demoncrat Perhaps one of you well informed folks will tell me why Obamer doesn't use executive orders. Does Congress have to be out of session for the president to use them? Bush certainly took advantage of them. Thanks.
 
 
-7 # edge 2011-08-16 06:46
Once again folks seem to be looking at what he says and not what he does!

He takes a Salary of only $100,000 from Berkshire.....WHY?

Could it be that if he took a high salary and lower dividends that he would be taxed higher?
The guy is a creep!
Notice he did not say he paid 40% of his income but he only had to pay 18%.

Check behind the Curtain!!
 
 
+2 # larry babitts 2011-08-16 09:38
Liosten, Warren the B is one helluva guy - as is fellow Zilionatre George Soros, Ted Turner, Bill Gates and a few others - Don't knock him, because you have no way of knowing who he supports in the elections - Do you who complain GIVE anything to support political parties exce[pt with lip-service?

Larry the B
 
 
+2 # jbatt 2011-08-16 11:13
Before we crucify Warren Buffet maybe we should read abt what he has done with his wealth. The billionaries on this list aren't as improtant as the one that aren't on the list.

http://en.wikipedia.org/wiki/The_Giving_Pledge
 
 
+1 # flevin 2011-08-16 20:04
Warren, where was this commentary 4-8weeks ago---when we needed it? Why don't you point out in the MSM that when Boehner or any GOP says we don't want tax increases it needs o be followed with "for our super rich supporters."?
 
 
-3 # Chelsea Ray 2011-08-17 13:05
This is very powerful writing! We all love our troops more than words can say, but I just don't think taxing our upper class is the most effective way to help them or our country. We live in a free enterprise economy. This basically means that our upper class provides most of the jobs for our lower and middle classes. By taxing our upper class, it will lead to higher unenployment in our lower and middle class.

How? Why?... Say you had a trillion dollars... You own a bussiness or two, and you are doing pretty well. You decide to hire a maid and start expanding your company. Expansion leads to more jobs.

By taxing our wealthy, it could have the opposite effect. Lower and middle class would continue losing jobs. Troops would probably be in the same situation. The wealthy would be frustrated with corporate tax and move to another country to make better profits.
 
 
-1 # johnfish 2011-08-17 14:01
ok, so i have the perfect bipartisan tax code. its called the "put your money where you mouth is, literally, tax code" here is how it works. everyone out there - lower, middle, and upper will have a minimum tax rate of 20%. Everyone pays 20% taxes, period. however, there is also going to be a maximum tax rate of up to 100%. the maximum tax rate is purely elective. if you want, you can pay as much as ALL of your income in taxes, but if your a stingy conservative, you have to pay at least 20%. you could also donate as much in taxes as you want from savings, 401-k, IRA's, investment accounts etc. think about it, you would have liberals all across the country who could finally realize thier tax dreams and pay their entire income in taxes. guys who could afford it, like bill clinton, barack obama, harry reid, al gore, all of hollywood, bill mare, all the going green go getters. i would be willing to bet that al gore would even sell one of his 20 houses and donate all the cash to tax revenue. despite the penny hugging conservatives, do you not think that with all the generous wealthy liberals out there that we would knock this deficit out in no time. everyone can have thier cake and eat it to.
 
 
-2 # doschwartz 2011-08-17 21:50
If this guy Buffett is so keen on paying more taxes why doesn't he just write a check for a couple million to the IRS and stop worrying about the other Billionaires? A smart guy like him knows how much he should "donate". C'mon set the example for the rest of those greed-heads.
 
 
-1 # steven zair 2011-08-19 00:17
this is all so very simple. ask warren buffett how giving more of our $ to a govt that spends money as ridiculously as it does, help anyone? you give a baby all it wants to eat, the result is a big tummy ache. THIS IS NOT ROCKET SCIENCE!
 
 
0 # Bill Holcomb 2011-08-20 05:37
Mr. Buffett talks the talk very well--and I agree; BUT when will he walk the walk and start using his money to engage in political action, as the Koch Brothers, with their combined wealth of ONLY $42 Billion, do? The last time I checked, Mr. Buffett was worth somewhere in the--very rough--neighbor hood of $60 Billion.
 

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