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And what should he do? He plays the system that's there. At least he's honest enough to say the system that's there is tilted in his favor. But, I do ask the qu
by locopati 16y ago
And what should he do? He plays the system that's there. At least he's honest enough to say the system that's there is tilted in his favor. But, I do ask the question seriously? Run for government? Fund progressive candidates who would raise tax on higher incomes?
- deleted 16y ago[deleted]
- lionhearted 16y ago> And what should he do? Stick to business and stay out of trying to be a folk hero? Or pay higher tax rates voluntarily to set an example? Campaigning for a tax increase when a lot of his money came from helping people use a tax loophole created by his industry doesn't seem particularly righteous.
- peripitea 16y agoThat does nothing to solve the overall problem, though. It would give us back Buffett's taxes, but they pale in comparison to the aggregate taxes being avoided by the thousands of other super rich. As a businessman, he's required to exploit these loopholes, much like a lawyer is required to defend a client they know to be in the wrong. What makes Buffett special is that he, unlike so many other super rich, is choosing to publicly draw attention to the system they all know to be broken.
- _politicalist 16y agoAlso the Gates family seems honest about it too. Bill Gates Sr. (co-chair of the Gates foundation) also advocates changing tax policy, on the logic that every software or biotech company benefited from federally funded research, which they got for free, not to mention those just renting office space to them. http://www.taxpolicycenter.org/publications/url.cfm?ID=900584 http://www.taxpolicycenter.org/publications/url.cfm?ID=90058...