- Banned
- #1
Millionaires Support Warren Buffetts Tax on the Rich - The Wealth Report - WSJ
A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners.
Explains George Walper of Spectrem: What this tells us is that there are a number of wealthy folks who said: Gee, we need to increase taxes to stimulate the economy. No one likes to be taxed more, but the reality is maybe it has to be done.
Walper added that he was also surprised at the positive reactions to Buffetts political agenda. I thought that among this group there would be a feeling of why doesnt he keep his nose out of it?