Warren Buffet says stop coddling the super-rich... he's right on.

Editorial: The Truth About Taxes (August 7, 2011)

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
More: http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html

"Edward Learner, an economics professor at UCLA's Anderson School of Management... says the recession permanently wiped out 2.5 million jobs" in the U.S.

--- Dan Lyons, NEWSWEEK Magazine, July 25, 2011, at 28.


"There is one serious problem with [Grover] Norquist's antitax fetishism.... It makes more sense as a marketing ploy than as public policy. Indeed, increasing taxes in a reasonable way doesn't seem to have much effect on the economy at all. Reagan signed a tax increase --- yes, a stiff tax increase, the first of three by the Gipper --- as a deep recession was coming to an end in 1982... and the economy boomed. The same thing happened after Bill Clinton's 1993 tax increase."

--- Joe Klein, TIME Magazine, July 25, 2011, at 29.