Wednesday, August 31, 2011

Stop Coddling the Super-Rich Response

In this essay Warren E. Buffet, chairman and executive of Berkshire Hathaway and billionaire, discusses the fact that America's "mega-rich" citizens are being taxed less than the average American. Buffet goes onto explain that these "mega-rich" citizens need to be taxed far more than the average American. I find it hard to disagree with Buffet's ideas, but I can understand why the Government isn't harshly taxing these incredibly wealthy men and women. To do this would be to break the code of equality in America. But, I do believe that this equality must be broken when we're talking about billionaires. These people are making money that they probably won't be able to spend in their lifetimes, therefore a good deal of their money should be given to the government in order to give tax relief to middle and lower class Americans. As Aristotle said years ago the most perfect political community is one in which the middle class is in control, and outnumbers both of the other classes.

1 comment:

  1. I like how you mentioned that we shouldn't break the code of equality in America and then said that we should make an exception with billionaires which have to much money to use in life time.
    -good job

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