Why do people believe Obama when he says that taxing billionaires higher rates will solve our spending problem?


volume of money minute fraction of population hold can go long way. have give little little, it's not take-take-take. during bill clinton's presidency there surplus because taxed rich higher did middle , lower classes, , knew how budget. have tax wealthy, while trying balance government spending, knowing how allocate funds when , necessary. warren buffett second richest billionaire in united states, second bill gates, , supports obama's proposal tax wealthy. warren buffett should idyllic example of wealth in america, not greedy politicians , financiers, oil tycoons, or casino , hollywood moguls, or athletes. buffett started out humble beginnings , worked way top despite being rejected harvard business school. if man willing pay fair share of taxes, other self-serving elites: excuse?

there 403 billionaire in united states, each having average income of 106 million dollars. if every 1 of them payed 70% income tax, total amount paid 30 billion. problem is, obama's budget defect 1.27 trillion. billionaires have supplied 2%! how people believe this?


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