World-respected billionaire Warren Buffett wrote an August 14 article “Stop Coddling the Super-Rich” in the New York Times. I’d highly recommend this short read!
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. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000.”
- Warren Buffett also discusses his column, payroll taxes, income taxes and the general outlook on the Monday August 15 The Charlie Rose Show.
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