hard work

Reader comment on: Paul Krugman Wants To Double Your Taxes
in response to reader comment: Marginal tax rates

Submitted by ben (United States), Apr 27, 2011 15:12

I would questions how hard working Warren Buffett is. In a recent NY Times piece about his management style, it sounds like most of his day is spent sitting on his tushy, reading the paper. He clearly has a good eye for investments, but "hard working?" I think an average truck driver, a nurse, a teacher, a policeman, a factory worker all work harder than Warren Buffett - and yet they get a fraction of the pay. Shouldn't Buffett's income above a certain stratospheric level be taxed at a much higher rate?


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The Future of Capitalism replies:

He doesn't have "income," he has unrealized capital gains.

If you read the biographies of him, he works at it all the time, to the exclusion of most other hobbies or interests.

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Other reader comments on this item

Title By Date
Marginal tax rates
[w/response] [148 words]
benjaminApr 26, 2011 23:14
⇒ hard work
[w/response] [92 words]
benApr 27, 2011 15:12
Double my taxes? Not even close.
[w/response] [70 words]
KevinApr 25, 2011 22:29
The Rich are... Poor! [146 words]Simha BodeApr 25, 2011 03:01
But those rates are lower than the 1950s rates.
[w/response] [39 words]
LyleApr 25, 2011 01:32
Stoll gets it wrong
[w/response] [79 words]
Mr. TruthApr 24, 2011 22:36
Wrong again [71 words]Mr. TruthApr 25, 2011 20:17

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