11/24/2010

Want to Pay Higher Taxes? Go ahead!

Warren Buffett speaking to a group of students...Image via Wikipedia
Why aren’t all Democrats of means paying at pre-Bush tax cut levels of their own volition?

by Wynton C. Hall
11/24/2010

Rich liberals say they want to pay higher taxes. Great. Let them. Who is stopping them from doing so voluntarily?

Consider Warren Buffett. In an interview that is scheduled to air November 28th on ABC’s This Week With Christiane Amanpour, mega billionaire Warren Buffett told Amanpour that he believes high income earners, such as himself, should pay more in taxes. Furthermore, like President Obama, Mr. Buffett believes that the Bush tax cuts for the wealthy should expire:

“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told Amanpour. “But 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. 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.”

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