Rarely do we see a more responsible reaction to the economic difficulties facing the USA than revealed last night. The third richest man in the world declared to the world that he is prepared to pay more taxes and so should the other rich people in America. The right wing conservative movement across the world seem to think that protecting the rich is a good thing. Warren Buffet and some of his good friends have been thinking about where they have gained their wealth. They have set up trust funds to specific goals and are preparing to give most of their wealth on death to better the world.
Warren Buffet and friends realize that their wealth came from good business practise and some luck. They are the stewards of fortunes and can be the prime movers in helping to make the world a better place in which to live. He and his friends are aware that they do not pay their share of the burden as he stated his taxes this year were 17 % and his total a small amount considering his total wealth.
In America the increased taxes that would be collected with a modest increase would go a long way in helping stabilize the debt of America. What a wonderful , responsible way to help their country and bring it back to a place where needed programs for the less fortunate could remain in place. Toronto, Canada could do the same thing with a small increase in taxes. To cut every program would be devastating to many and the impact would be felt by unrest among the needy.
The quality of life in any country or community is judged by the way it treats its very old and most needy. For many the arts,health care and social programs is all that enriches the lives of many. The more fortunate or rich are able to buy their happiness but the less fortunate depend on society to provide services. Young people and children benefit from social programs and for every dollar invested in them at a young age reflects in the cost of more expensive programs when they are older.
Good for Warren Buffet and those who choose to meet their responsibility. Now let us hear our governments take the same stand and make this world a better place for all society.
Totally agree! It is an obvious solution to tax the weatlthier a little heavier to not only maintain programs but to salvage the American way of life!
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