TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

Thursday, November 29, 2012

Warren Buffett: Tax Hikes on Rich Would 'Raise Morale of the Middle Class'

Real Clear Politics, Buffett: Tax Hikes On Rich Would "Raise Morale Of The Middle Class":

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MATT LAUER, TODAY: So bottom line, would raising taxes on the wealthiest Americans have a chilling effect on hiring in this country?

WARREN BUFFETT: No, and I think would have a great effect in terms of the morale of the middle class, who have seen themselves paying high payroll taxes, income taxes. And then they watch guys like me end up paying a rate that's below that, you know, paid by the people in my office.

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If the left believes in social justice, why does it make a philosopher out of Buffett, whose only qualification is being rich?

Posted by: michael livingston | Nov 29, 2012 2:04:58 AM

Warren Buffet has one of the largest fortunes in the world, most of which will never, ever be subject to taxation, and he's lecturing us on tax fairness?

Posted by: Douglas Levene | Nov 29, 2012 5:04:55 AM

So, one of the functions of income taxes is to make other people feel good. Isn't that special?

Posted by: Woody | Nov 29, 2012 8:37:18 AM

In the true spirit of class warfare, putting Buffett in a cage and parading him down Main Street surely would lift the morale of the middle class.

Posted by: Jake | Nov 29, 2012 10:51:49 AM