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That's not what he's saying on taxes (he's saying that people who make their money from dividends and capital gains should be taxed at a higher rate), and he's
by MikeCapone 15y ago
That's not what he's saying on taxes (he's saying that people who make their money from dividends and capital gains should be taxed at a higher rate), and he's given his money to the Gates Foundation (which will no doubt use it better than the US government), it's not like he's giving it to his heirs to form a dynasty, and voluntary taxes are never going to work so that's a strawman...
- anamax 15y ago> he's given his money to the Gates Foundation (which will no doubt use it better than the US government) Be careful there. If he spends his money better than the US govt, then isn't it possible that other people spend their money better than the US govt? If so, then why are we giving their money to the US govt?
- MikeCapone 15y agoBecause the government stills needs some money to do certain important things, and Buffett is ready to pay more taxes to help fund that, and says that other billionaires and multi-millionaires should too. But I'm sure he never said he would give away his whole net worth for that. The government and the gates foundation do different things, and there can be a need for both.