Posted on 11/21/2010 3:57:53 PM PST by FTJM
In an exclusive interview on "This Week," Warren Buffett, Chairman and CEO of Berkshire Hathaway, told Christiane Amanpour that the rich should be paying more taxes and that the Bush-era tax cuts for the wealthy should be left to expire at the end of December.
"If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further," Buffett said. "But I think that people at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we've ever had it."
The full Buffett interview will air on a special Thanksgiving edition of "This Week" focused on The Giving Pledge, a major philanthropic effort spearheaded by Buffet, and Bill and Melinda Gates.
The billionaire brushed aside Republican arguments that letting tax cuts expire for the wealthy would hurt economic growth.
"They say you have to keep those tax cuts, even on the very wealthy, because that is what energizes business and capitalism," anchor Amanpour said.
"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. But that has not worked the last 10 years, and I hope the American public is catching on," Buffett explained.
(Excerpt) Read more at abcnews.go.com ...
“Agree. If Buffett and his bud Gates want to pay more taxes all they have to do is sit down and write a check. What makes them think they have the right to speak for the rest of us? Typical liberals, want to manage everybody’s lives...”
Typical big mouthed Rat he needs to pay up!
“We can shut up these guys real quick, by assessing anyone who has over a billion Dollars in world wide assests 10% of thier undepreciated personal net worth.”
This guy seems to be asking for it!
Anyone that listens to this fabian screw deserves whatever they get.PHuck him.
Makes me wonder why he pushes this? It can’t be for helping the down trodden middle-class because he would simply lower costs on all things available which he sells from his stores.
His assets grow and grow without his paying one penny of income tax.
Self-serving, lying SOB.
Exactly...this is nothing more then a way for the super rich to remove some of their competition while looking like they are for the “little guy”. They are free to pay more in taxes at anytime they want...the fact that they don’t is telling.
Does Buffet actually have any earned income, or is it all capital gains and interest/dividend income?
When a small business owner pays taxes, it’s often as earned income, isn’t it?
BTW, the last time I checked, there was no law against Buffet, or any other rich statist, from writing large checks in excess of his tax bill to the US treasury.
Mark
Eggsactly!
The top 400 wealthiest folk in the US has a net worth of nearly $1.5T. That wouldn’t cover Obama’s deficit for last year.
This is about limiting entry for the competition.
Why? So that Washington politicians can slap me with mandates, funnel money to their cronies, bailout their backers, and find new ways to fondle me in public?
I think Buffet misunderstands. I don’t care how much money he has, if he spends his billions on living luxuriously - at worst he neither harms nor helps me. Contrariwise, heaven help me should I fall into the clutches of a well funded bureaucrat.
Send this info to the clueless interviewer. Why do these people always act as if everything Buffet and Gates say is golden wisdom? Even the folks on Fox Business fawn over these two. Gag.
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