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Warren Buffett on Class Warfare

Warren Buffett strongly supports increasing taxes on the wealthy. In this interview in the NY Times, he has this memorable quote:

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

I’d say that this is literally true: the current surge in military spending is disproportionately benefiting a small number of wealthy investors, while the human cost is being borne by thousands of mostly lower-income Americans, and even greater numbers of Iraqis.

Some have called Barack Obama’s tax plan “socialist”, for attempting to redistribute wealth from the wealthy to the middle class. What do you call it when you redistribute wealth from the middle class to the wealthy, as Bush has done for the past 8 years, and as McCain plans to do even more?

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