Aug. 16, 2011: Millionaires support higher taxes

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Stephen commented on Greater Boston on 08.18.11
There is a point to be made about asking the wealthy to pay more in taxes, but there is also a danger in expecting them to pay all of it. When half of all Americans pay no federal income taxes, what incentive is there to vote for politicians who want to control spending? I believe that everyone should pay something, even if only one or two percent.

Billionaire Warren Buffett wrote an op-ed this week accusing the government of "coddling" the wealthiest Americans. Believe it or not, some of members of the well-to-do say Buffett is right. Businessman Chris Gabrieli tells Emily why he thinks the rich should pay more taxes.

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