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Warren Buffett asks Congress to stop 'coddling' super-rich

In a The New York Times op-ed published Monday, Warren Buffett wrote that "[m]y friends and I have been coddled long enough by a billionaire-friendly Congress," and called for tax increases for Americans who make more than $1 million. Most of those people, he claimed, "wouldn’t mind" being told to pay more taxes.
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5 comments on this story

Aug 15, 2011, 10:02 am
-3 +0

I disagree with Mr. Buffett.  The increased taxes from the super rich, as he calls them, wouldn’t amount to much when compared witht he federal deficit to begin with.  And who is he to suggest or even think that his super rich friends would continue to invest and/or start a business and/or increase businesses if the tax burden increases?  I would suggest they (the super rich) would reduce their investment(s) by at least as much as the tax increase they would be paying .... and probably more realizing that their personal profit would be reduced as well.

Of course one would also question who and what “super rich” is now and what it will be in the future.  And who would determine and define “super rich” is even more frightening.

Perhaps the proper way to go with taxes is to reduce them across the board to encourage investment and create jobs.  Thus more taxpayers and more revenue.

Aug 15, 2011, 7:40 pm
-0 +2

I applaud Warren Buffett and hope he puts his words into action by requesting time to address the
“super committee”, to demonstrate that the stance taken by the majority of repugnant-can representatives is not fashioned of whole cloth- but rather a web of deceit.

Aug 16, 2011, 10:11 pm
-1 +2

Warren Buffet may be losing it…

Instead of calling for the federal government to increase taxes so we can feed, insure and educate the poor, he should get his millionaire buddies to donate their “extra” money to organizations like the Boys and Girls clubs, Pima Council on Aging, Food Banks or El Rio Clinics.  This way they get a tax break and the people the non-profits serve get help.

Their donations would help more people if given to the efficient not-for-profit groups rather than our inefficient government fat cats.

He did this with the Bill and Melinda Gates Foundation, why not continue?

Aug 17, 2011, 5:36 am
-2 +0

Good suggestion by Rondo.  And further, as a suggestion, Mr. Buffett can pay more money to the feds just by writing a check.  The government will accept it gladly. 
I think its time for Mr. Buffett to put his money where his big mouth is.
And as far as QuietWoman 2 is concerned, rather than just stand back and throw stones (typical liberal operating tactic)she should state some specifics and back them up with facts. 
Don’t you just love these liberals that make outlandish remarks, call names, and say nothing!!! 
It is time to grow up QuietWoman.  Stop and smell the roses and stop living in your make believe world.

Aug 25, 2011, 9:40 am
-1 +2

Over 400,000 of us supposed ” outlandishly commenting, name calling, say nothing liberals”, as well as progressives of every ilk have banded together to sign the petition begun by MoveOn, joined by Rebuild The Dream. Moveon will deliver Buffett’s op-ed, along with the petition signatures, to Congress. The petition began with a goal of 200,000 signatures and surpassed that literally overnight. The current goal of 500,000 Americans signatures is fast approaching.
As Moveon states: “Will you join me, Warren, and hundreds of thousands of other Americans calling for the rich to be taxed fairly?”
This is reality, Pophas.

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