Reply #3: Warren Buffett Urges Higher Corporate Taxes

[EVDebs]

http://www.commondreams.org/headlines04/0306-01.htm

"Corporate income taxes in fiscal 2003 accounted for 7.4% of all federal tax receipts, down from a post-war peak of 32% in 1952. With one exception (1983), last year’s percentage is the lowest recorded since data was first published in 1934. Even so, tax breaks for corporations (and their investors, particularly large ones) were a major part of the Administration’s 2002 and 2003 initiatives. If class warfare is being waged in America, my class is clearly winning."

Oh Greenspan, you got some 'splaining to do !

Just review "Perfectly Legal" by David Cay Johnston or "Wealth and Democracy" by Kevin Phillips and you realize how top heavy our economic situation is.

As Louis Brandeis said "You can have great wealth or a democracy, but you cannot have both".