Every political season the topic of income disparity rears its head and receives the same treatment as other issues (evolution, failure of the War on Drugs, environmental neglect) that somehow have morphed into debatable issues despite their factual nature.
When Warren Buffet pays a lower tax rate than his secretary, something's wrong.
So it never hurts when Uncle MoneyBags himself comes to Washington and speaks to the cowards in office.
But Buffett, the second-richest man in America after Bill Gates, according to Forbes magazine, said recent tax law changes have tended to benefit people like him.
"Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline," Buffett said. "A progressive and meaningful estate tax is needed to curb the movement of a democracy toward plutocracy."
Buffett, the chief executive of Berkshire Hathaway questioned any effort to further cut taxes for the wealthy.
"Further shifting of this burden away from the super-rich is not the way to go," he said.
"In a country that prides itself on equality of opportunity, it's becoming anything but that as the gap between the super-rich and the middle class is widening."
I never understood how Republicans, who own the base of the rural poor voters, campaign for the hoarding of wealth by the megarich, with no political consequences.
Amazing.
Rich people must hate Warren Buffet like rappers hate informants.
Warren, for spitting that truth, you are the Snitch of the Week.
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This is soo true. I read an article the other day when he said the rich should be taxed more.Today the rich are getting richer even faster.
ReplyDeleteI was gonna do a post about warren buffet, he is really an interesting man. But the republicans are able to swindle souhern voters by pandering to their racism, xenophobia, and christian values, right after they take the dick out of their mouth.
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