Friday, July 11, 2014
Inquirer Daily News

Tax millionaires more, says Warren Buffett, America's richest

Warren Buffett says the rich can afford to pay more, they used to pay more, and paying more won't stop them from investing

Tax millionaires more, says Warren Buffett, America's richest

Billionaire investor Warren Buffett has again urged the federal government to boost tax rates - not, as President Obama has wanted, on people making $200,000 plus a year, many of whom don't think of themselves as rich - but on people making over $1 million a year. They can afford to pay more, they used to pay more, and it won't stop them from investing, he says. Read Buffett in the NYTimes here.

Every time I write about Buffett and the other handful of rich people who say their class, having benefited from US infrastructure, social and economic spending, isn't doing enough to pay its government bills, I get messages from people who point out, if Buffett believes the government should have more of his money, there's nothing to stop him from personally writing Obama a large check...

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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