Buffett and his buddies will pay off the debt.
“The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent. Speaking at a $4,600-a-seat political fundraiser in New York, as quoted in “Buffett blasts system that lets him pay less tax than secretary”, Times Online, June 28, 2007.”
“The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter.”
There is absolutely nothing stopping Buffett from writing a big check to the U.S. Treasury. To complain that he dosen’t pay enough, and then not make any effort to ‘rectify’ it, is sheer hypocracy. In that regard, he is like any other Dem.