Country Quote by Warren Buffett
“I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.”
About This Quote
Source Interview: CNBC, 2020
We should tax the wealthy more to fund public needs, as they hold a disproportionate share of wealth.
In simple terms: Tax the rich to raise government revenue.
Key Takeaway
Increase progressive taxes.
Themes
income inequality
tax policy
public finance
Mood
concerned
analytical
Type
policy
economic
When to use this quote
- budget deficits
- social programs
- infrastructure funding
- wealthy philanthropy
Key Concepts
progressive taxation
wealth redistribution
Questions to Reflect On
- How can we balance fairness and economic incentives?
- What are alternative revenue sources?
A Different Perspective
Higher taxes may discourage investment and growth.
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
