Originally posted by: LegendKiller
Originally posted by: KentState
I'm not seeing the point of your argument. Typically, your return on taxes paid becomes less beneficial as your make more. Maybe you are just for wealth redistribution then I do understand.
I am not so much for redistribution as I am for people paying for their own country's success. Part of this comes down to being a bit more egalitarian and realizing how good you have it and how others do not. Buffet's perspective is that we fortunate ones (all Americans) won the "Ovarian Lottery" and are lucky enough to be born in the country that other tax dollars, lives, and sweat, have created. Thus, we all should try to help those who aren't as fortunate.
Does that mean I am not greedy? I am in investment banking, I have worked for 9 years, 4 in under, 2 in grad, and 3 studying the CFA, to get to where I am. However, I also realize that some people do need help and should get it.
I also realize that the government should help out sectors that are in trouble, for the benefit of everybody.
One key thing that people do not realize is that helping out the less fortunate enures to the benefit of the more fortunate. How? It prevents a complete corruption and evenual destruction of society, in which case the lower classes raise up and take the higher classes wealth.
Frankly, I'm more than willing to keep people less fortunate happy so I can go on living the way I want.