Buffett: Stop Coddling the Super Rich


Business | 206924 hits | Aug 15 6:18 am | Posted by: Prof_Chomsky
6 Comment

Buffett has called on US politicians to impose higher taxes on his fellow wealthy Americans, who he says are currently indulged with an unfairly generous tax regime. Writing in the New York Times on Monday, Buffett argued that the richest members of US so

Comments

  1. by avatar martin14
    Mon Aug 15, 2011 4:28 pm
    Buffett, a long-time critic of the US tax system, has calculated that he handed over 17.4% of his income as tax last year ? a lower proportion than any of the 20 other people who work in his office.


    Remember, this is the hypocrit who takes every exemption that he can.

    Lead by example Warren, toss a few billion in the pot, and stop taking all those exemptions.

  2. by avatar andyt
    Mon Aug 15, 2011 4:30 pm
    So now it's going to voluntary taxes? He leads by example, and the Koch brothers laugh what an idiot he is and keep funding the teajhadis?

  3. by avatar Brenda
    Mon Aug 15, 2011 5:11 pm
    Buffett does a lot for charity. I guess we all forgot about the 26 bln he gave to the Bill and Melinda Gates Foundation in 2006?

  4. by avatar DanSC
    Mon Aug 15, 2011 5:24 pm
    "andyt" said
    teajhadis

    Sorry, but such bad plays-on-words make you sound American

  5. by avatar bootlegga
    Mon Aug 15, 2011 5:27 pm
    "Brenda" said
    Buffett does a lot for charity. I guess we all forgot about the 26 bln he gave to the Bill and Melinda Gates Foundation in 2006?


    Actually it was $37 billion (10 million shares of Berkshire Hathaway), but he is giving away 5% of that per year, so in reality he hasn't given $37 billion yet - he's just promised to.

    http://news.bbc.co.uk/2/hi/5115920.stm

    I admit that the $9 billion or so he's given so far is huge, but it does nothing to help the US with their current situation. If he and everyone else at his income level paid the same as the middle class (percentage-wise), the US would be far healthier economically. Those here who argue for tax cuts insist that high income earners will flee, but given the economic opportunities the US offers, I doubt it.

    The Republicans/Tea Party are demanding that the government cut spending, but at the same time keep Bush's tax cuts for the rich, which costs around $800 million annually (more than half the current deficit). They are nothing but a bunch of hypocrites - if they really cared about cutting spending, they cut fairly and evenly across the board - not just to social programs as they propose.

  6. by avatar andyt
    Mon Aug 15, 2011 5:28 pm
    "DanSC" said
    teajhadis

    Sorry, but such bad plays-on-words make you sound American

    I got it from Thanos, who as far as I know is 100% certified Canuckistani.



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