Politics

Warren Buffet on taxes

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Thank god Warren Buffett at least has the intelligence to talk sense about our tax rates. There really is nothing more depressing than rich people complaining about their taxes.

The usual argument you hear is “higher taxes will stifle growth.” For those of you who make the argument but consider yourselves “empirically minded” and “driven by data” read this.

Rich people, when they start complaining about their taxes, will tell you taxes are becoming “confiscatory.” Here’s the chart — from the right-wing Heritage Foundation, no less! — that shows what a load of nonsense that is.

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