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Buffettitis -- Is There a Cure?

scash Wrote: Nov 29, 2012 11:42 AM
Actaully this happened on the "yacht tax" on the evil filthy rich .... cost jobs http://www.boortz.com/weblogs/nealz-nuze/2011/jun/30/lesson-yacht-tax/

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...