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OP-ED Buffett: Take More of My Money Tim Boyle

Buffett: Take More of My Money

The Oracle of Omaha would like the government to pick his pocket a little more, thank you very much. Pushing back against tax hawk Grover Norquist, Warren Buffett wrote in a New York Times op-ed column that in recent years, the wealthiest Americans, himself included, have been “leaving the middle class in the dust.” The idea that those same thick-walleted investors would start hoarding cash and bullion under the floorboards if taxes were nudged up a little is ludicrous, Buffet writes: “The ultrarich, including me, will forever pursue investment opportunities.” Buffett suggests a minimum tax of 30 percent on incomes between $1 million and $10 million and 35 percent on incomes above $10 million.

November 26, 2012 11:35 AM