“If you don’t like paying taxes, make billionaires pay their fair share and you would never have to pay taxes again.” —Warren Buffett

8 comments

1. I’m surprised Warren is this economically illiterate tbh.

   The economic actors he’s referring to have the lowest marginal propensities to consume goods and services of anyone.

   **Only** taking tax from this group would do very little to mitigate any inflationary pressure caused by government spending of equal nominal amount. It’s a ludicrous fiscal policy proposal.

   What taxing these very wealthy actors **is**, though, is a democratic necessity. Taxing wealth and high income more will help prevent the excess accumulation of wealth at the top that has been corroding society and democratic institutions for decades.

   **Definitely** tax the rich more. But it **doesn’t** allow for much increased non-inflationary government spending (assuming there are no idle or under-utilised resources available, which there very often are (eg. A few million involuntary unemployed people for starters)).

2. Warren – if the US Government got another 4 trillion it would spend another $4 trillion

   Stop being naive

3. If I could make them pay I would. Who is going to make them?

4. Demagogical nonsense

5. “BUT IF YOU TAKE THE MONEY FROM THE RICH THE RICH WONT HAVE MONEY!!!!”

   Did I get that right?

6. Taxing the rich and taxing the middle class and poor are not mutually exclusive things in the eyes of the US govt. Warren is right, the rich should pay their fair share, but don’t expect taxes to stop for the downstream folks.

7. A lot of respect earned here. Stop chasing the little guy. Aggressively get the big players to pay taxes then it will feel fair on the Mom and Pop store.

8. I don’t think he checked his math… Especially with Biden wanting to raise the annual expense budget to 7.5 trillion. Up from the 4 trillion it was pre-pandemic.