Warren Buffett is swiftly becoming the American version of George Soros.
Create an excise tax on multi-millionaires and billionaires. TAX THE NET WORTH of anyone worth more than twenty million dollars. Start at 5%, then move up to 50% of billionaires. No "charitable" deductions allowed. In a few years you'll finally be as poor as you so ostentatiously claim to want to be. You foul old hypocrite...
Who cares what your income is, Warren? The real money is in taxing your wealth. Peter Lewis, George Soros, David Geffen, Stephen Spielburg...you listening?
Buffet does make a point that he should not less taxes than his secretary. Buffet probably only pays the 15% capital gains taxes, while his secretary probably pays 15 to 25% of her income in income taxes and an additional effective 15% tax on top of that due to Social Security taxes.
What we need is a flat tax.
If the people who make over $10,000,000 a year gave 100% (not a portion thereof) ... it would run the government for 2 weeks. C’mon folks ... taxing the rich is a class envy thing that Juan Peron and Evita used ... geez, haven’t we learned anything? “We are all shirtless now?”