A Quote by Warren Buffett
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
There are three social classes in America: upper middle class, middle class, and lower middle class.
You know, you cut taxes for the rich sometimes and it sits in a bank account. You cut taxes for the middle class, they will spend the money.
The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.
It's strange because we think of the upper middle class, for example, as being secular, that they've fallen away from religion. Well, it turns out that the upper middle class goes to church more often and feels a much stronger affiliation with their religion than the white working class.
I grew up in a working class neighborhood in Sweden, which, during my teens, gentrified and is now completely middle class and even upper middle class.
The American middle class always wants to be upper class and is scared to death of being lower class. It's a highly mobile group of people. They're not like the people that want to be shopkeepers forever, have always been shopkeepers and want always to be shopkeepers. These people mostly are insulted by being called middle class.
I was brought up in a very naval, military, and conservative background. My father and his friends had very typical opinions of the British middle class - lower-middle class actually - after the war. My father broke into the middle class by joining the navy. I was the first member of my family ever to go to private school or even to university. So, the armed forces had been upward mobility for him.
The upper class desire to remain so, the middle class wish to overthrow the upper class, and the lower class want a classless system.
I'm making a lot of money. I should be paying a lot more taxes. I'm not paying taxes at a rate that is even close to what people were paying under Eisenhower. Do people think America wasn't ascendant and wasn't an upwardly mobile society under Eisenhower in the '50s? Nobody was looking at the country then and thinking to themselves, "We're taxing ourselves into oblivion." Yet there isn't a politician with balls enough to tell that truth because the whole system has been muddied by the rich. It's been purchased.
I think 'The Wood' was probably more concerned with the parts of Inglewood that aren't usually seen on film - the areas that were middle-class, or upper-middle-class - and that idea that these worlds do exist, and should be accepted as part of Inglewood itself.
The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class. When you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down, and people get hit with a higher cost of living. It's the middle class that's being wiped out. It is most evil of all taxes.
I think the working-class part of me comes out. Sometimes the people who have the loudest mouths are upper-class, upper-middle-class. The quietest are often working-class people, people who are broke. There is a fear of losing whatever it is that you have. I come from that background.
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