Tuesday, November 23, 2010

Warren Buffett: Read My Lips, Raise OUR (WEALTHY AMERICAN’S) Taxes

Warren Buffett: Trickle-Down Economics Don’t Work
In other economic news, billionaire investor Warren Buffett has told ABC News that the rich should be paying a lot more in taxes and that the Bush-era tax cuts for the wealthy should be left to expire at the end of December. During the interview, Buffett also dismissed Republican arguments that letting tax cuts expire for the wealthy would hurt economic growth.

Warren Buffett: "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 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."

America certainly needs to have a lot of more straight-talking wealthy, like Warren Buffett. Why can’t Congress get the message?

It’s because foreigners, like Rupert Murdoch and wealthy Republican and Tea Party Wonks control most of American media and schools. Moreover, Citicorp and other bad banks & insurers control our under under-cover-anti-progressive advertisements.-—kas

http://abcnews.go.com/ThisWeek/warren-buffett-read-lips-raise-taxes/story?id=12199889

Warren Buffett: Read My Lips, Raise My Taxes
Billionaire Buffett tells Amanpour Bush-era Tax Cuts for Rich Should Expire
By JOSHUA MILLER
OMAHA, Neb., Nov. 21, 2010
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.
The White House announced on Wednesday that
President Obama will award Buffett a Presidential
Medal of Freedom, the nation's highest civilian honor,
early next year.

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