Stop coddling the super-rich, Warren Buffett says
Billionaire urges lawmakers to raise taxes on rich to help cut budget deficit
REUTERS News Service
8/15/2011 11:07:11 AM ET
Billionaire Warren Buffett urged U.S. lawmakers Monday to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.
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My comment...
Do you think Congress is embarrassed by Warren Buffett chiding them about coddling the super-rich?
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PRES. OBAMA SAYS WARREN BUFFETT IS RIGHT ABOUT TAXES !!
By Patricia Zengerle in Washington and Jason McLure in New Hampshire
Reuters – Mon, Aug 15, 2011
CANNON FALLS, Minnesota (Reuters) - Small-town Americans probably don't make as much money as Warren Buffett, but they pay more of their income in taxes, President Barack Obama said on Monday, citing the billionaire investor to argue that the government needs more revenues to balance the budget.
READ THE ENTIRE ARTICLE HERE
My comment...
Isn't it nice that Pres. Obama agrees with Warren Buffett? And isn't it a shame that, when Pres. Obama had his super majority in the Senate and a majority in the House, and could pass any legislation he wanted, instead of revising and simplifying the tax code, or passing a financial regulatory bill with some teeth, he chose to give us an expensive (and controversial) universal health system bill that is now being challenged in federal court?
TheNewGildedAge.blogspot.com This blog focuses on the growing inequality of income and wealth in the U.S. As Warren Buffett said in 2008: “There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”
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