Tuesday, August 16, 2011

Rich Guy Says, "Why isn't the government taxing the fuck out of me?"

That isn't exactly what Warren Buffet says, but it summerizes his sentiment as expressed in the New York Times.
Stop Coddling the Super-Rich - NYTimes.com

"I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation."
Wow! This country must be facing some serious shit if a billionaire is telling people that the rich must be taxed if we are to make it through.

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