Tuesday, November 23, 2010

Trickle Down

Trickle Down cartoonI think that people at the high end, people like myself, should be paying a lot more in taxes. We have it better than we've ever had it ... The rich are always going to say that, you know, "Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you." But that has not worked the last 10 years, and I hope the American public is catching on.

-- Warren Buffett (1930-), American investor, industrialist, and philanthropist, on his opposition to renewing Bush-era tax cuts for the wealthy, ABC News Interview, 21 November 2010

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