taxing the rich more will never provide the rest of America with an incentive to spend less or demand less government
What a horridly simplified critique of Buffets view.
If there's a god, damn it she won't mind.
If there's a god, baby she won't mind.
US billionaires club together
Obviously his main goal is about amassing ridiculous amounts of wealth...not
As usual, such a statement carries no weight and is simply a talking point. What is achieved if Buffet writes the Treasury a check for $1 billion? 1/1300th of the deficit is reduced Buffets sentiment (imo) is spot on for a very simple reason; the most efficient way to raise revenue without (pay attention hacks, this is important) negatively impacting economic growth is for the wealthiest of Americans to effectively pay more in taxes.
You may disagree with raising taxes, but nobody can state with any sort of accuracy that the bold is incorrect or invalid.
This is an open challenge for anyone to try: Bring it!
Last edited by Kushinator; 02-22-12 at 11:24 PM.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911