Finally some sanity. In order to support our public services and public infrastructure, we need a fair and progressive tax system. We do believe that, here at CUPE. And now, some of the super-rich are saying the same thing.
Billionaire investor Warren Buffett, the world’s third-richest man, said Tuesday that the United States should increase taxes on the wealthy, at Fortune’s Most Powerful Women Summit.
“We’re going to need 20 percent or thereabouts of GDP to fund the kinds of things that we all believe are right to have in this country, and we’ve got to get it from somebody,” said Buffett.
“I pay a lower tax rate than probably the cleaning lady that comes in,” thanks to the Bush-era tax cuts, said Buffett, chief executive officer of Berkshire Hathaway, a conglomerate holding company based in Omaha, Nebraska. “And that just isn’t the way the system should work.”
Read the Times of India article entitled US should tax the rich more, says billionaire Buffett.