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Buffet's article starts class war

(10/02/11 7:22pm)

On Aug. 14, 2011, billionaire Warren Buffett published a controversial opinions editorial in a New York Times articulating why he believes Congress is “billionaire friendly” and hypocritical when it calls for “shared sacrifice.” A firestorm of arguments ensued after the logical article, but now Buffett finds himself back in the news for being an instigator in the class war. President Obama is now backing the Buffett Rule: a new proposal that those with incomes in excess of 1 million dollars should pay at least the same federal tax rate as middle-income tax payers.