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Friday, November 16, 2007
Buffett Backs Estate Tax
Berkshire-Hathaway chairman Warren Buffett showed his support for the estate tax Wednesday, testifying before the Senate Committee on Finance that the so-called “death tax” is actually a “death present,” and to repeal it would be another step in the road to an American aristocracy.Referencing the ever-widening income gap and the enormous increase in wealth of the richest Americans, the billionaire Buffett stated that ``A meaningful estate tax is needed to prevent our democracy from becoming a dynastic plutocracy.'' Read more... posted by Charles Monat Associates at 9:39 AM
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