"Justice is what love looks like in public." - Cornel West

"We don't inherit land from our grandparents. We borrow it from our grandchildren." - Native American saying


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Sunday, December 5, 2010

The Sage of Omaha, Warren Buffett, Says Reagan Was Wrong: Trickle Down Economics Doesn't Work



Warren Buffett, one of the most celebrated businessmen and investors in history said this recently: "I think that people at the high end should be paying a lot more in taxes. We have it better than we’ve ever had it.“

Regarding the notion that tax cuts for millionaires and billionaires will help spur the economy, Buffett had this to say:  "The rich are always going to say 'just give us more money & we’ll go out & spend more & then it will all trickle down to rest.'  That has not worked the last 10 years, & I hope the American public is catching on.”



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