> Warren Buffett Blog: Class warfare helping the rich and hurting the average person in USA

Monday, April 4, 2016

Class warfare helping the rich and hurting the average person in USA

When US companies move their operations overseas to reduce their US taxes, it means the people who remain and don’t have overseas offices, such as voters, either need to pay more taxes to make up for the lost revenue or they have to accept less government. The practical result is a declining educational system, failing roads plus plans to reduce Social Security payments and cut health benefits.


“There’s been class warfare going on for the last 20 years, and my class has won. We’re the ones that have gotten our tax rates reduced dramatically.” 
- Warren Buffett