Warren Buffett: Soak The Rich!
Buffett, a Playbook reader, said in an interview after the event: “The biggest thing you have going for the American economy, actually, is the regenerative capacity of American capitalism, and that doesn’t happen overnight. I mean, this country had a huge, huge wound … It takes time for wounds to heal, regardless of how good the care is.”
Buffett, on Obama: “I’d vote for him all over again. … I think he’s got the same vision about America I do. … I think he has the same social goals, very much, that I do.”
Buffett, on extending the Bush tax cuts: “I think it’s almost a cinch that they will be extended for the people — I don’t know if it’ll be exactly [making less than] $250,000, or whatever the number may be, in the end. But I do not that there’s going to be, effectively, a tax increase for people up and down the line. I think there should be tax increases for people in the high income levels.”
That is: He supports more-progressive income taxing, like the millionaire’s tax bracket. Alas, it doesn’t seem like Congress will vote on that proposal or any other until after November. The House leaves to campaign Oct. 8, the Senate sometime around then as well. **