In response to:

Buffettitis -- Is There a Cure?

Hamilcar Barca Wrote: Nov 29, 2012 9:40 AM
Go full bore. Introduce legislation to tax Buffet's (and those who are advocating increased taxes on the wealthy) holdings at 30%. Not just his taxable income, but his wealth. That will cause them to shut up.
AK Mark Wrote: Nov 29, 2012 2:15 PM
Bingo! Go after assets, not income.
KPar Wrote: Nov 29, 2012 11:36 AM
That wouldn't shut them up, it'd make 'em squeal...

Once again, billionaire investor Warren Buffett urges his fellow high-on-the-hoggers to pay more in taxes. "Only in Grover Norquist's imagination," says Buffett, do taxes make much of a difference in how people invest. "So let's forget about the rich and ultra-rich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased. The ultra-rich, including me, will forever pursue investment opportunities. ...

"We need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million...