Buffett says, as he has before, that modestly higher taxes would not cause him to work any less hard. He points out that, even in the 1960s and 1970s, eras with truly high taxes, these taxes did not stop him and his clients from pursuing investment opportunities. Lastly, he notes that, given the vast sums of money that the richest Americans have banked in the past decade, they will have plenty of money to invest even if taxes rise modestly.
Raise taxes yep, flat tax is the only fair way, that is why congress & the pres isn't about to see it happen. It would take away their money roll (lobyist). Build a 40 million $ home pay 20% tax = 8 million. Builld a 100K -20% tax = 20K.