Warren Buffet continues at ask Congress that the rich need to pay more taxes. Is mega-rich really those who make $1 million?
Even in the ABC News story, they point out that Buffet’s request to raise taxes on the rich of those who make more than a $1 million a year would only produce $100 billion in taxes over 10 years. That does not even come close to putting a dent into the US national debt. Tax expers say that this does not even come close to doing much of anything.
THE ANSWER IS NOT TAXING MORE … ITS REAL TAX REFORM AND ITS STOP SPENDING!!!
Warren Buffett, one of the richest men in the country, wants to pay more taxes and thinks his super-rich friends should too.
Buffett, who is estimated to be worth more than $47 billion, called on Congress to commit to “shared sacrifice” and raise taxes on people earning more than $1 million. Buffett said the rich are “coddled” by Congress “as if we were spotted owls or some other endangered species.”
“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,” Buffett wrote in a Sunday New York Times Op-ed.
Of course I would ask the following question of Warren Buffett, if you are begging the government to tax and and the uber-rich more, why are you fighting the IRS in back taxes? One would think that if you think you should pay more taxes, you would not owe back taxes. I would think you would be happy to pay the bill.
The answer is not one of increasing taxes, the answer is to reduce government and entitlement spending and increasing the tax base, not tax %. Also, we need tax reform, not tax increases.
In the end, it’s just more liberal hypocrisy.