Tuesday, August 23, 2011

Billionaire Koch Responds to Buffett, Refuses Call for Shared Sacrifice


Lee Fang, ThinkProgress: "Warren Buffett penned an op-ed last week declaring that America's super-rich have been 'coddled long enough by a billionaire-friendly Congress.' Lamenting the numerous tax loopholes and special breaks afforded to billionaire investors, Buffett noted that in his entire career, even when capital gains rates were as high as 39.9 percent, he never saw anyone 'shy away from a sensible investment because of the tax rate on the potential gain.' Charles Koch, head of the massive petrochemical, manufacturing, and commodity speculating Koch Industries corporation, has responded to Warren's call for shared sacrifice: 'No Thanks.'"
Read the Article

No comments: