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Monday, August 15, 2011

Buffett Touches A Nerve With Plea For More Taxes

Billionaire Warren Buffett struck a nerve with an opinion piece in the New York Times Monday in which he complained about Congress "coddling" super-rich Americans like him.

The article was an instant hit on Internet, with Buffett rising to No. 3 on Google's list of top trends, and the article's headline "Stop Coddling the Super-Rich," a trending topic on Twitter.

Buffett, who ranks as the world's third-richest person with a personal net worth of $50 billion, according to Forbes magazine, said his federal taxes were 17.4 percent of  his taxable income last year, a lower percentage than "any of the other 20 people in our office," who paid an average 36 percent tax rate.

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2 comments:

Anonymous said...

Maybe the cheap scaffolding that holds up the "businesses aren't hiring because of taxes" bs will start to crumble.

Anonymous said...

I say him and Gates should put their money in the till and let Barak do with it as he pleases. Then we will see just how much he believes in his leadership. Are the people of this country so blind that thay can not see. All of the super rich support this White House, and I doubt it's because they are willing to give up their fortunes. More like he's lining theire pockets with the middle classes money. In socialism /communism there is no middle class. Only the ruling class which have all the money and the peasents that live of the crumbs the King lets fall from the table.