Warren Buffett is an American businessman and philanthropist well known by all the world Bridge players – also he’s sponsor of the America vs Europa Buffett Cup. On August 15th he published an article in New York Times: the taxes, he said, in America are much higher for the workers of the poor and middle class than for the super-rich investor managers. Read here the article: “Stop coddling the Super-Rich”.
Buffett pays over six millions of dollars – he himself wrote – but in percentage it’s only 17,4, whereas any of his employed goes to pay 33 to 41% of his proceeds. In Italy the article has been translated by “La Repubblica”, the most important newspaper, and published today in first page (in Italy the newspaper didn’t exit yesterday).
In the article, also, Warren Buffett writes that there is a straight relation between the lowering of taxes, in the last decade, and the loss of job: before, in eighties and nineties, the tax rate on capital gain was high and 40 million jobs were added. The article gave rise many comments, some ironic; but nobody until now contested the numbers.
Paolo Enrico Garrisi