Mega rich Warren Buffet urged the American government to get serious about taxation and focus on increasing taxes on those who possess wealth. “While the poor and middle class struggle to make ends meet, we mega rich continue to get extraordinary tax breaks. These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us much as we were spotted owls or some other endangered species. It’s nice to have friends in high places.” He pointed out his own tax rate was about 17.4% which is lower than what is paid by most middle class people.
Even as he spoke, Governor Rick Perry was warning Congress not to impose higher taxes on the wealthy because to do so was “punishing success.” He wants poorer people to begin paying their fair share of taxes. After all, they are poor because they lack the ability of wealthy people to make money.
Warren Buffet made clear to the American people, “it’s time for government to get serious about shared sacrifice.” Amen.