I hate when they bring up Warren Buffett. He skirted the US tax laws for the majority of his life and now that he's older, he wants everyone to pay more in taxes.
If he really cared, he would have fought for higher tax laws earlier in his life.
If he really cared, he would have fought for higher tax laws earlier in his life.
I don't understand this kind of reasoning. He's arguing against his own self-interest now. I think it's hard to say he doesn't care. Maybe he didn't come to feel that he unfairly benefitted until he was older. It's not like he's saying we should tax young people more now that I'm old.
The point is that he's 81 now. He doesn't have many more years to spend his millions (or billions). A few more percentage points in taxes isn't really going to matter to him.
Agreed. Obama recently spoke at the university I attend. At one point in his speech he mentioned that Buffett's secretary told him that they have a higher tax rate than Warren Buffett. Then literally two minutes later in his speech he praised Warren Buffett for addressing the issue of needing to increase taxes on the wealthy. What a joke.
I don't see the problem here. Warren Buffett pays the 15% capital gains tax and wants to see it increased. Are you criticizing him for not paying more than he is taxed?
The capital gains rate was 28+% for much of that period. Buffett didn't start advocating for higher tax rates until after the Bush (and Clinton) tax cuts which slashed capital gains rates to 15%.
Your position is as foolish as saying if Al Gore really cared about global warming, he would have been advocating for climate change policy during his college years.
If he really cared, he would have fought for higher tax laws earlier in his life.