Warren Buffett on Taxes

CNBC 27 Feb 2012 : People have generally thought that people with combined average income of $270 million were probably paying a rate that was equal, says billionaire Warren Buffett, Berkshire Hathaway chairman/CEO. The code has shifted into the favor of the extremely wealthy, he says. ".... that's why the wealthy have seen -- they've seen their net worth, the net worth of the Forbes 400 since 1992 has gone from $300 billion to $1.5 trillion. you know, we have a system that has drifted toward favoring the ultrarich." Warren Buffett explained

Warren Buffett Likes Estate Taxes

Warren Buffett : OK to tax rich; can help US economy bounce back

Earlier this week, the US National Bureau of Economic Research (NBER) said the recession in the US ended in June 2009. However billionaire investor Warren Buffett disagrees and says commonsense says the US is still in recession.