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Good counter-argument at the time from Michael Arrington from TechCrunch:

http://techcrunch.com/2011/08/15/screw-the-rich-heres-how/

"Buffett calls for an increase in all types of taxes – income, dividend and capital gains. That would be a nice triple layer of protection against any newcomers, and still preserve all – 100% – of the $47 billion he’s accumulated until now."

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Arrington nails it.

If Buffett was really willing to pay more taxes, he could just stop using loopholes to avoid paying hundreds of millions every year. Or stop litigating with the IRS to get to pay less. He doesn't want "the rich" to pay more taxes. He wants other (less) rich people to pay more taxes.

Simply put, absolutely the first thing one does after getting rich is preventing others from getting rich.

Rich people are not comfortable with the fact that it should easy for others to get rich, how useful would their current position be, if it were?

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