Monday, November 24, 2008

Warren Buffett

The third richest man in the world, Warren Buffett believes he pays too LITTLE in taxes.

A survey in his own office showed that he paid on average 17% whereas his secretaries paid more than 30%.

The classic rebuttal is that the people who make a lot of money, in the process end up supplying jobs to others. Warren Buffett says -- that is true of many people in the world. They work hard and make money for others. But does that entitle them to a tax break? And would they stop working if they paid higher taxes. Buffet says he doesn't think so.

Neither does flocke.

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