Tuesday, August 16, 2011

The third richest man in the world calls on the U.S. to stop "spoil" the billionaires

The third world's richest man, Warren Buffett, according to Forbes magazine, today asked the U.S. to stop the "baby" to the wealthy with tax breaks, and she urged the country's political leaders to increase taxes billionaires like him. "While the poor and middle class fighting for us in Afghanistan and most Americans is struggling to make ends meet, the mega-rich we continue with our special tax exemptions," said Buffett in an article published in the New York Times, entitled "Stop coddling the super rich." The billionaire chairman of Berkshire Hathaway conglomerate said that in the long debate in the U.S .Congress.

The so-called "Oracle of Omaha" for his accurate predictions of the opinion that this is an unfairness in the U.S., where 80% of revenues come from payroll taxes on workers. "The mega-rich pay 15% tax on their income but virtually nothing about their salaries," the paper said. Buffett notes that billionaire friends are "generally very decent people.

They love America and appreciate the opportunity this country has given" so that "many would not care to be told they have to pay more taxes particularly when so many of his countrymen are suffering. " To correct this situation, the philanthropist proposes raising the tax on taxable incomes over one million dollars, "including of course dividends and capital gains" and higher taxes even for those Americans making more than ten million dollars.

"My friends and I have been spoiled enough by a Congress friendly to the rich. It is time that our government gets serious about shared sacrifice, "he adds Buffett.

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