Warren Buffett: I 'Should Be Paying A Lot More In Taxes'

[dtotire]

Warren Buffett: I 'Should Be Paying A Lot More In Taxes'

WASHINGTON -- Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.

"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.

When Amanpour pointed to critics' claims that the very wealthy need tax cuts to spur business and capitalism, Buffett replied, "The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."

http://www.huffingtonpost.com/2010/11/21/warren-buffett-paying-more-taxes_n_786516.html

[gateley]

1. He's a good man. nt

[customerserviceguy]

2. Hopefully

someone with knowledge of what tax shelters this guy uses, that maybe he could divest himself of.

[LuckyLib]

3. Buffet also talks about how the wealthy are invisible (except on TV) in this society,

He's right. Flying beneath the radar is one way to keep the resentment of the masses down. Folks have no idea how the real wealthy live in this country,and how little taxes they pay along the way.