Millionaires Support Warren Buffett’s Tax on the Rich
27th October 2011
Well, not exactly.
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.
So it’s actually semi-rich people supporting higher taxes — not on themselves — but rather people who are maybe twenty or thirty times richer than they are.
I see.
Still no word on why these public-spirited people don’t just send in a check to the Treasury. They could do that right now — if they really wanted to.