Warren Buffett, the third wealthiest man in the world with a net worth of around $80 billion, is demanding the U.S. government make the rich like him pay higher taxes and says they should no longer be protected like endangered “spotted owls.”Um, Warren, since you're supposedly worth $80 billion, why not just give it away to the federal government. Put your money where your mouth is of just shut the hell up.
In a New York Times op-ed on Monday, titled “Stop Coddling the Rich,” Buffett, Berkshire Hathaway’s chair and CEO, said he and his “mega-rich” friends have been spared the “shared sacrifice” the country’s leaders have asked for as the country veers toward a double-dip recession.
“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.
“These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.”
He observes that investment managers earn billions, but only pay a 15 percent tax rate.
Buffett said his 2010 tax bill, including income and payroll taxes, totaled $6,938,744 — or 17.4 percent of his taxable income. Most people in his office pay 33 to 41 percent, he said.
Just watch, as Obama embarks on his campaign bus tour today, he'll be quoting this clown.
Update: As predicted, Obama cites the Buffett piece.
in cannon falls, MN, POTUS cites Warren Buffet's Sunday NYT oped about how the wealthy should pay more in taxes