Another Rich Liberal Begging For a Tax Hike

Posted: Aug 15, 2011 7:18 AM

According to Politico, uber-billionaire Warren Buffet is demanding the Obama Administration raise taxes on the super rich like him:

Warren Buffett, the third wealthiest man in the world with a net worth of around $80 billion, is demanding the U.S. government make the rich like him pay higher taxes and says they should no longer be protected like endangered “spotted owls.”

In a New York Times op-ed on Monday, titled “Stop Coddling the Rich,” Buffett, Berkshire Hathaway’s chair and CEO, said he and his “mega-rich” friends have been spared the “shared sacrifice” the country’s leaders have asked for as the country veers toward a double-dip recession.

From the New York Times:

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Reality check to Buffet and other rich liberals who want to pay more in taxes: You can write a check today to the U.S. Treasury for as much as you feel is "fair." It's called "Gift Contributions to Reduce Debt Held by the Public." President Obama has been calling for tax increases on the job creators "rich" making over $250,000 per year, which is a far cry from $80 billion.