Stop Coddling the Rich

[ShadowsWithin]

http://www.nytimes.com/2011/08/15/op...h.html?_r=2&hp


It's Interesting article and very true. Most of us being middle class get it in the kazoo, I think it's about time the filthy rich get a bit of a wash.

 

[Czech.]

NEW YORK (Reuters) - Warren Buffett has touched a national nerve.The 80-year-old "Oracle of Omaha," one of the world's three richest men, has taken to the pages of the New York Times to call for higher taxes -- yes, higher taxes -- for himself and his well-off peers.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," he said.
Buffett calling for a higher tax burden for the wealthy is nothing new; last November, in a lengthy sit-down interview with ABC News, he insisted that the wealthy "have it better than we've ever had it" and that they had an obligation to pay substantially more tax.

However, the timing of his latest appeal made people take notice. Washington lawmakers are fighting about how to reduce the nation's budget deficit and curb its massive debt burden, and the question of "added revenue" -- code for higher taxes -- looms larger than any other.
Republicans have fiercely resisted any attempts by President Barack Obama and Democrats in Congress to make higher taxes for the wealthy part of any budget plan, insisting instead on all the deficit-curbing measures be made through spending cuts.

Taxation will be a major theme of the 2012 presidential election, and Buffett planted himself squarely in the middle of the debate.
"While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks," he wrote.

Buffett is not alone in agitating for change.
Starbucks Corp Chief Executive Howard Schultz is brewing up support for his call to withhold political contributions to U.S. lawmakers until they strike a "fair, bipartisan" deal on the country's debt, revenue and spending.

http://news.yahoo.com/stop-coddling-super-rich-buffett-084140678.html

 

[OscarMeyerRina<3]

Tell the old man to send me a few mil and I promise to pay US taxes :happy:

 

[name-me]

One thing as I learn more about Mr Buffet: he didn't get where he was by being stupid so those in power ought to listen to him....

I've been advocating this all along.....(and gotten into a few debates over it) that the rich do NOT pay their fair share of anything......

I'd put a if/and clause into any tax law: if you make/have a net worth of x amount, you can reduce your 50% tax burden by starting up a company that does anything that employs more than x amount of people and must stay in business for x number of years...because, that's what the original tax breaks for the wealthy and companies were supposed to be for: to help them invest back into the society they live in. Yet many go out and do stupid things like buy italian yachts worth millions....

 

[snowball45830]

This kills me to say it but I think that's a great idea.

 

[as.erwin]

DOes this mean you guys will finally HUG each other?