Wednesday, November 9, 2011

The Enlightened Rich Want To Be Taxed

This article, published by the New York Times, shows how the wealthy are standing up and saying that they should be taxed. The article states that "They seem to recognize that the burden of the economic downturn cannot be borne entirely by the poor and middle class".One man in particular, Warren Buffett who is an American billionaire, urged Congress to raise taxes on the rich. Luca di Montezemolo backed Buffett's idea. After this, the idea was spread all through Europe and now the United States. From this, fifty or more of Germany's richest people have campaigned for higher taxes on the wealthy since 2009. "16 of France's wealthiest individuals urged the government to raise their taxes".

Ninety nine percent of people are middle or lower class and pay most of the taxes. There is only that One percent that is rich and they are saying that they want their taxes raised because they won’t be affected by it as much.

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