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

[WillyT]

Warren Buffett: I 'Should Be Paying A Lot More In Taxes'
Amanda Terkel - HuffingtonPost
Posted: 11-21-10 12:13 PM

<snip>

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."

<snip>

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

Thank you Warren !!!

:kick:

[no_hypocrisy]

1. That attitude gets him The Congressional Medal of Honor IMO.

[notesdev]

2. nothing stopping him if he wants to

and given the way he makes his money, I'd say his tax rate should be 110%

[WillyT]

3. I'm Confused...

"nothing stopping him if he wants to"

sounds a lot like the right-wing meme that says that the rich are free to voluntarily give more than their share of taxes required by law, but don't make the rest of them do it.

Is THAT what you are saying?

:shrug:

[former9thward]

5. What is RW about saying the rich should pay more?

No matter what the tax rate is for the rich there will always be a maximum they legally have to pay. What is wrong with them contributing more than what they are required to do? Has Buffett ever done this? You are aware, aren't you, than Buffett has set up a foundation to shield his wealth from the government when he dies? A foundation that will be run by his children. No matter what the level of the estate tax the government will never see a penny of Buffett's money.

[WillyT]

6. You Misunderstand My Meaning...

On ABC's 'This Week', Amanpour tells George Will that Buffet thinks the rich are not paying enough in taxes.

Will responds with, (pp)"And Mr. Buffet is certainly free to do so." (Pay more than is required.)

Implying that if somebody else wants to give more money, let 'em, but leave the rest of the rich alone.

That has been a RW response for decades.

That's all I was saying.

:shrug:

:hi:

[B Calm]

4. Well we do have two unpaid wars to pay for. . .