Jamesb101.com

commentary on Politics and a little bit of everything else

Warren Buffett: ‘Trickle Down’ Theory Hasn’t Worked….

 

Warren Buffett

Billionaire Warren Buffett said that the Bush tax cuts should be allowed to expire for the richest Americans and that the “trickle down” economic theory hasn’t worked.

“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told ABC News in an interview set to air later this week. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it.”

 

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November 21, 2010 - Posted by | Breaking News, Counterpoints, Government, Law, Media, Men, Politics, Taxes, The Economy, Updates | , ,

2 Comments »

  1. Thanks for this bit of news. Glad to see Warren Buffett speaking out about how tax cuts for the very wealthy will not result in jobs as GOP leaders keep claiming.

    Comment by kittyreporter | November 21, 2010 | Reply

    • he’s gonna get calls on this!…..He, he, he

      Comment by jamesb101 | November 22, 2010 | Reply


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