In response to:

Buffettitis -- Is There a Cure?

IvanKaramazov Wrote: Nov 29, 2012 7:04 PM
This only proves my long held point that the rich like Buffet have NO INTENTION of ever paying at the top rates. They will do whatever is necessary to avoid these taxes. So the Repubs are fighting a losing battle over the RATES. Let them go up, but change their range. In other words, raise them sky high on income >$1M, not $250K...for people making $250K, higher taxes will have a huge impact...other those making >$1M, not so much. Give Obama what he wants...it will not fix the problem...even if they go back to the pre-Kennedy 90% top marginal rate. But maybe that will get ole Warren's attention...f'ing old coot.

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...