Tax the Rich. The Richest (and smartest) say yes!

Warren Buffett just yesterday:

"We're going to have to get more [tax] money from somebody. The question is, do we get more money from the person that's going to serve me lunch today, or do we get it from me? I think we should get it from me. I have a lower tax rate, counting payroll taxes, than anybody in my office. And I don't have a tax shelter -- I just take the form and fill out the numbers. I think that's very wrong, and I think that if we're going to get money -- and we're going to need money; we are not taking in enough money at the federal government level ... it shouldn't be [from] the bottom 98%. It should be more from people at the top."


"If you get $100 billion more of taxes ... from people like me at the top, it means you borrow $100 billion less out of the economy. Somebody has to come up with that $100 billion ... you're taking the money from the economy either way. The only question is whether you take it by borrowing or by taxes. And I see no problem in taxing people at the very high levels significantly more than they're being taxed now. And I might very well cut taxes even further for the people at lower levels."

And for all the idiots who say cutting spending is the solution....they have no clue what the majority of our tax dollars got to:

40% Defense and international security (of which only 3.5% goes to VA benefits!) - the idiots are always asking for more war
20% Social Security -for our elders mostly - if you want to cut this, you probably we're born, you were manufactured
20% most of which is for Medicare - maybe you want to screw the rich and let them suffer?
10% National Debt - "no new taxes" means increasing this part
7% 'Safety net' programs - if you don't want to see homeless, starving children on the street, but the idiots probably don't care
3% Everything else

What I hear constantly from the budget cutters are elements from that bottom 10% Those are the programs that we get the most bang for the buck. For example - Food Stamps are both a safety net program and the largest farm subsidy. Cut that an you kill domestic agriculture and risk millions of children being malnourished which leads to even greater costs.

I stand with Warren Buffett