warren buffet

i recently was watching the news and there was some interesting stuff about warren buffet and his outlook on taxes. warren buffet is the 2nd richest man in the united states, behind bill gates. he is worth more than 47 billion.

Buffet recently was one of the first wealthy Americans to release his gross income and taxable income to the public. it revealed that he was paying a little over 17% in taxes while most middle class americans are paying around 20%. This is indicating that the rich are getting richer and the poor are getting poorer. Buffet is one of the first to argue that the wealthy should be taxed at a higher rate.

there has been an increasing gap between the middle class and the rich for several decades. We were shown some of these charts in class. However this argument from buffet seems to be trying to pull them closer together again. i thought this was interesting to hear a rich person say this and have it be so true. for someone as rich as warren buffet to say this, it goes against expectations of his class.