Schmeltz
08-15-2011, 03:45 PM
Lot of talk around here lately about ways to solve the fiscal problems in the USA. Warren Buffett, who is unimaginably wealthy, says one way to do it is to stop coddling the super-rich (http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&src=tp&smid=fb-share):
...for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.
Kind of gives the lie to the typical GOP talking point about how the rich drive the economy and taxing them will only make things worse. And makes it even more ridiculous when people who are not rich continue to parrot such bullshit in defiance of their own interests. Wouldn't you say?
...for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.
Kind of gives the lie to the typical GOP talking point about how the rich drive the economy and taxing them will only make things worse. And makes it even more ridiculous when people who are not rich continue to parrot such bullshit in defiance of their own interests. Wouldn't you say?