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17 Sep 2011 20:03

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Politics: Obama to make tax-the-wealthy push … and credit Warren Buffett

  • Remember how Warren Buffett wrote that the government should raise the taxes of the super-wealthy … you know, folks like him? Well, it looks like someone with a lot of power to put that plan into action read that New York Times editorial. Obama’s going to make a push to tax the super-wealthy (those who make more than $1 million per year) at the same rate as the middle-class, and he’s calling it the “Buffett Rule.” Great selling point for Obama, but will it be enough for all the other rich people in Congress? Good question. (photo via Medill DC) source

15 Aug 2011 00:26

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Politics: Warren Buffett: Tax me, please! Make me pay more money!

  • I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.
  • Warren Buffett • Arguing in an editorial for the New York Times (titled, fittingly, “Stop coddling the super-rich”) that Congress needs to raise his taxes and those of people with incomes topping $1 million. “My friends and I have been coddled long enough by a billionaire-friendly Congress,” he writes. “It’s time for our government to get serious about shared sacrifice.” Wait … a super-rich guy offering more money up in taxes? Be still our hearts. And don’t tell the Koch brothers … they might disagree with this stance. source

30 Apr 2011 17:06

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Biz: Warren Buffett: Don’t not raise the debt ceiling, Congress

  • Protip: Trust a guy with a Presidential Medal of Freedom. During Berkshire Hathaway’s annual meeting in Omaha, the investor icon suggested that if Congress failed to raise the federal debt ceiling in the middle of May (as some completely uninformed RedState blogger suggested and Timothy Geithner pleaded against), it would be the “most asinine act” in the chamber’s history. And Congress has done a lot of stupid crap in their day. Perhaps we should listen to this highly-regarded rich guy! (photo by Medill DC‘s Flickr photostream) source