Billionaire Warren Buffett has been making headlines in his call for the super-rich of America to be taxed more. (See below.)
Now we hear that Irwin Jacobs – one of the richest San Diegans and co-founder of Qualcomm – agrees with Buffett. Jacobs made this surprising statement during a meeting with the San Diego U-T Community Editorial Board earlier this week, where he raised questions about the assumption that higher taxes on the super-rich were bad for job creation, and completely agreed with Buffett.
In 2009, Forbes listed Jacobs as the 220th richest American, worth $1.6 Billion.
In an op-ed piece for the New York Times, Buffett wrote:
“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”
Buffett called for immediate increases on all taxable income for the 0.3 percent of U.S. taxpayers making $1 million or more a year, with an additional higher bracket for those making $10 million or more a year.
Stop Coddling the Super-Rich
By Warren E. Buffett / New York Times / Published August 14, 2011
See article here.