And: IF ther is a class warfare, guess which class is winning?
Published first by Ben Stein in New York Times, republished on Existential Ramble, by LiteraryTech, on Nov. 29, 2006 – [Warren] Buffett, [second richest man in the world,] compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.
It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires.
“How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”
Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
Existential income, possibilities and contradictions for a new left movement, Socialist Scholar Conference April, 12-14, 2002, Rosa-Luxemburg-Stiftung.