Warren Buffett is trending after the billionaire investor penned an op-ed in the New York Times calling for the United States to stop coddling the mega-rich.
Buffett has made a case for higher taxes on the rich before, this time noting, “People invest to make money, and potential taxes have never scared them off.” Buffett pointed out that between 1980 and 2000, nearly 40 million jobs were added to the economy even though tax rates on investment income were significantly higher.
He called on the newly created debt “super committee” in Congress to raise taxes on the richest 0.3 percent of wealthy Americans, though he never specified an exact rate.
