Warren Buffett Quotes

Warren Buffett is almost as famous for his quotes and one-liners as for his investing - see this selection of Warren Buffett Quotes on Life

Saturday, 25 September 2010

Warren Buffett Says Tax the Rich

Warren Buffett says Tax the Rich

In a wide-ranging interview with Becky Quick from CNBC TV (watch the video below), Warren Buffett repeated what he has often said in the past that the rich - the top 2% of the population - (people like himself) need to be taxed more.

the tax system has gotten tilted toward guys like me over the last 20 years is-- as opposed to the middle class, you know, in my view, is a little obscene
the inequities that have gone into the tax code in the last 20 or 30 years compared to the situation that existed when this country was very prosperous in 1960, 1970, 1980 and so on, I-- I think it's-- I just think it's been tilted toward the rich

We agree with him ! The gap between the rich and the rest of us has increased steadily since 1980 for no good reason other than greed. How many billions does one person need ? And where to they get their billions from ? Usually by paying the people who work for them less and paying themselves more.
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