This is an eye-opener to me . As a European (Holland) with slightly left-of-the center political stand, I’ve always been suspicious of flat-rate tax advocates — mainly because in our country, this would inverse tax pressure (the system currently favors the poor, to some extent anyway).

So first of all, I never realized that the US tax system is actually structured so that higher incomes pay less tax, which makes flat rate tax an improvement for the lower incomes.

Secondly, seeing this statement for tax fairness coming from Warren Buffet, one of the richest men in the world, makes him rise even further in my opinion.

(I already had him put quite high based on his philisophy that he sees buying shares really as buying part of a business which he believes is doing well – not as lottery tickets for a stock market rally.)