Sunday, May 04, 2014

1% Getting Message?

Berkshire's Munger wants 1% to take pay cut - May. 4, 2014:

Munger said he did not think that super-wealthy types like investors Tom Perkins and Sam Zell should be complaining about feeling persecuted because they are rich.

He said that taxes on the affluent are not as onerous as they once were.

"The taxes on wealth were much higher when I was much younger. So for somebody of my age, I don't think they're ruining the world because I've lived through way more punitive taxes on the rich than we have now," he said...

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