Warren Buffett: Tax me more

Warren Buffet told Congress that billionaires like him should pay higher taxes. Strikes me that he is free to chip in a billion here or there if he feels the need, but I don't think that he has been appointed to speak for other billionaires.

But Buffet is both right and wrong. He's wrong when he says the tax rate should be raised for wealthier Americans. He's right when he says the government should get rid of all the tax breaks. Just make sure that everyone (and every business) is treated the same. No big exemptions, deductions, subsidies and so forth for big oil and for middle income families. That would raise revenues dramatically by broadening the tax base and ending the scandal of the wealthiest paying few or no taxes.

Filed under: Politics, Taxes

Tags: politics, taxation

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Like me on Facebook

  • google-site-verification: googlefdc32e3d5108044f.html
  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Our National Debt

  • Twitter

  • Categories

  • Tags

  • Recent Comments

    • In reply to Rick Bohning:
      I get the analogy, but where it fails is with the assumption that all contraception is equally efficacious in all ...
      Read the story | Reply to this comment
    • In reply to Aquinas wired:
      Logical fallacy: Ad Hominem Tu Quoque. Look it up. In short, hypocrisy does not make or break ...
      Read the story | Reply to this comment
    • In reply to hatch3:
      Another logical fallacy: appeal to authority. Just because the experts claim it to be true, does not make ...
      Read the story | Reply to this comment
    • In reply to Dennis Byrne:
      I think I'll go with the experts on this one. https://www.acog.org/About_ACOG/ACOG_Departments/Health_Care_for_Underserved_Women/Frequently_Asked_Questions_about_Hormonal_Approaches_to_Emergency_Contraception "4. Does this mean that emergency contraception can cause an ...
      Read the story | Reply to this comment
    • I don't see how covering these contraceptives for their employees is violating the religious freedom of the owners of ...
      Read the story | Reply to this comment
  • Monthly Archives

  • /Users/dennisby/Desktop/trailer.mp4
  • Latest on ChicagoNow

  • Advertisement:
  • Fresh Chicago News