90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Warren Buffett’s Tax Plan

We’re talking about billionaire Warren Buffet’s call for higher taxes on the rich.

Billionaire investor Warren Buffett, Chairman and CEO of Berkshire Hathaway, gestures in Omaha, Neb. (AP)

Billionaire investor Warren Buffett, Chairman and CEO of Berkshire Hathaway, gestures in Omaha, Neb. (AP)

Super investor Warren Buffet is one rich American. The “Oracle of Omaha.” Worth maybe $50 billion. Third richest man in the world.

And this month, Warren Buffet called for higher taxes for the rich. Right now. Higher taxes for Americans who make a million dollars a year. Even higher for those making ten million-plus.

And an end to special treatment for capital gains -– investment earnings. Treat them like regular workingman earnings, said Buffet. Stop coddling, he said, the rich. Should we do it?

This hour On Point: debating Warren Buffet’s call for higher taxes on the rich.

-Tom Ashbrook

Guests

Stephen Moore, editorial board member and senior economics writer for the Wall Street Journal.

Robert Frank, professor of economics at Cornell University and contributor to the “Economic Scene” column in The New York Times.

James Stewart, pulitzer-prize winning reporter who writes the “Common Sense” column for the Business Day section of The New York Times.

From Tom’s Reading List

The New York Times “Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.”

Wall Street Journal “Now that I’m 72 years old, I can look forward to paying a significant portion of my accumulated wealth in estate taxes to the federal government and, depending on the state I live in at the time, to that state government as well.”

The New York Times “Warren Buffett pays a lower tax rate than his secretary and the 19 other people who work in his office. He pays a much lower rate than I do, and, I suspect, lower than nearly everyone reading this column. So, no doubt, do a long list of American billionaires, including Stephen Schwarzman of Blackstone and the hedge fund king John Paulson.”

The Wall Street Journal “Barney Kilgore, the man who made the Wall Street Journal into a national publication, was once asked why so many rich people favored higher taxes. That’s easy, he replied. They already have their money.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 23, 2014
Specialist Ronnie Howard, center, calls out prices as he works at his post on the floor of the New York Stock Exchange Thursday, Oct. 16, 2014. Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear. (AP)

The global economic wobble. Europe weakness. China fears. Wild markets. We’ll lay out the global economy now.

Oct 23, 2014
A screenshot from the interactive game, "Depression Quest," the game at the root of the ongoing #GamerGate controversy. (Courtesy  "Depression Quest")

#GamerGate. Sexism, misogyny and rough stuff in a video game world culture clash.

RECENT
SHOWS
Oct 22, 2014
Authors Nicholas Kristof and wife Sheryl WuDunn attend the premiere of "Meena" at the AMC Loews Theater on Thursday, June 26, 2014 in New York.

Author and New York Times columnist Nicholas Kristof says regular folks like us can change the world. He explains how. Plus: we remember the late, great Washington Post editor, Ben Bradlee.

 
Oct 22, 2014
Health workers carry the body of a woman suspected of contracting the Ebola virus in Bomi county situated on the outskirts of Monrovia, Liberia, Monday, Oct. 20, 2014. (AP)

We’ll go to Liberia, and hear from a pastor and a physician at the epicenter of the Ebola crisis.

On Point Blog
On Point Blog
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

More »
1 Comment
 
Two LIVE Tracks From Jazz Violinist Regina Carter
Friday, Oct 17, 2014

Regina Carter shares two live tracks — one arrangement, and one original composition — with Tom Ashbrook in the On Point studio.

More »
Comment
 
Our Week In The Web: October 17, 2014
Friday, Oct 17, 2014

We talk Facebook mishaps, whether Katy Perry was actually right and the glory of architectural giants and their iconic windows.

More »
Comment