Tuesday, October 11, 2011

Only 8 of the Forbes 400 Want to Pay More in Taxes

Salon reports:
Salon launched the Patriotic Billionaire Challenge. We put the question to every member of the “Forbes 400″ list, all of them with a net worth of at least $1 billion: “Are you, like Warren Buffett, willing to pay higher taxes?”

The results are in. Of 400 billionaires, only eight (including Buffett) say they are willing to pay more. Three others indicated opposition; one said maybe.

But most declined to comment at all. Oprah Winfrey, who endorsed Obama in 2008, did not respond. Nor did liberal media mogul Ted Turner. Prominent Democratic Party donors from Hollywood such as Steven Spielberg, David Geffen and Barry Diller did not express a view. Philanthropists Bill Gates and Michael Bloomberg — whom we queried repeatedly — refused to comment on Buffett’s argument, even as it became a central part of Washington’s political conversation.
I guess not everyone thinks government spending is an "investment".