Monday, August 15, 2011
Warren Buffett: "Stop Coddling the Super-Rich"
He reminds us that as recently as the '80s and '90s, taxes were much higher for the wealthiest in America. And, in one of my favorite pair of sentences in his piece, he states, “I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off.”