No I wouldn't, but that would be a good start. I believe that at least when you get up to that 5% level you have a duty to pay back to
America a certain percentage above and beyond, A
Progressive Taxation for the benefit of living in a country where your wealth and property is protected as it is here. Government is there to protect our rights and property. When you have more of it, you need to pay more money to the nation to continue to protect it properly.
This is also a very good reason. Coming from a man as smart as he, and as accomplished at making money as he. His word should carry much weight.
Quote:
"The market system produces extraordinarily inequitable results, which should be mitigated by the tax system. It's inappropriate that the spread of prosperity in a prosperous country should be so inequitable due to quirks in people's skills. This is why I'm in favor of a progressive tax."
-Warren Buffett
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