Billionaire Warren Buffett said that rich people should pay more in taxes…
“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,” Buffett, chief executive officer of Berkshire Hathaway Inc., said in the interview. “But that has not worked the last 10 years, and I hope the American public is catching on.”
“If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
From an article:
*Buffet has carved out the opinion that wealthier taxpayers, including himself, have a responsibility to pay higher tax rates. *
About 15 years ago the 400 top U.S. taxpayers had an average income of about $45 million and that’s now up to $350 million in the most recent figures while their tax rates went from 27 percent down to 16 percent, said Buffett, chief executive of Berkshire Hathaway Inc.
“That’s not my idea of America,” he said. “I mean I want everybody to get rich, but I think that the rich have a responsibility to pay higher tax rates.”
*Buffett conceded that his friends don’t necessarily agree with him. *
“Yeah, I look around at my friends here paying lower tax rates than the people who are serving us the food,” he said.