Amen

Billionaire Warren Buffett urged U.S. lawmakers to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," The 80-year-old "Oracle of Omaha" wrote in an opinion article in The New York Times.

Buffett, one of the world's richest men and chairman of conglomerate Berkshire Hathaway Inc , said his federal tax bill last year was $6,938,744.

"That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income - and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent," he said.

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For the life of me, I cannot understand the argument against raising taxes on the wealthy.  Especially when you have guys like Buffet, guys like Bill Gates, saying, "we can afford it."  Why should they, who make so much more than everyone else, pay so much less on a percentage basis than everyone else?   That's before you get into the corporate tax rate.  For nearly a decade we've been told low taxes will make the economy roar to life, and for nearly a decade this has not happened, unless of course you were rich already.