More liberal and moderate economists have been calling for flat rate taxes regardless of pay scale, yet their cries were left unheeded because of the potential disastrous effect that would inevitably have on the economy!! What would the billionaires do without their increasingly unfair tax breaks as compared with the average American?!
Well this is a billionaire and respected investor and money manager saying that he WANTS to pay more taxes. That he wants the government to realize that their call for "shared sacrifice" to improve the economy and reduce the national debt shouldn't stop at the middle classes but include all Americans. We are, after all, a nation of equals under the law, right?
(Note: He is not actually calling for a flat tax rate system, I was only using that as an example of other tax theories that have been seen as destructive due to the equal percentage taxing of the rich as on other Americans and the extrapolated loss in investments due to the threat of having to pay higher taxes on the dividends, which IS something Buffett addresses.)
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