Editor, The News:
According to U.S. billionaire Warren Buffet during the 1980s and 1990s, the rich paid far higher taxes in the U.S. than they do today. Yet 40 million jobs were added during that same period.
Since then, lower tax rates have created less employment by the same economic group.
Does this not debunk the theory that the rich should pay less because they create employment?
Should not the argument be made that they should be made to pay much more?
This would then provide the incentive they need to create jobs in order to regain lost income as they are required to pay their fair shares of taxes here and around the world.