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Old 08-16-2011, 03:32 PM   #66
MarchHare
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All I'm saying is that he's presenting a solution that won't fix the problem. Should the rich pay their fair rate? Absolutely. Will it fix the problem? Absolutely not.

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And the hell of it is, I agree that the rich should their fair rate just like everyone else. I'm just not naive enough to think that it'll fix the problem.
I don't think Buffett thinks this alone will solve the deficit issue either (at least I didn't read his piece that way). Obviously there needs to be a combination of reforms to the tax code (both personal and corporate) and reductions in government spending. Buffett's op-ed is nothing more than a rebuke of the Tea Party branch of congress who absolutely refuse to consider any tax increases whatsoever. He's saying that increasing the amount of taxes the richest Americans pay is part of the solution (and one he's willing to accept), not the be-all-end-all answer.
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