But you don't understand. If you are referring to the "Buffet rule", where millionaires pay less than their hired help, it's a red herring. The capital gains tax which Buffet pays is a tax on what Buffet has made investing in the market. That's what Buffet does. It is kept low to promote investing. What his secretary pays is a labor tax. Like Jon Lovitz for example. If you raise the capital gains tax, it is a proven fact you will reduce revenue. The 50% he refers to is the total tax burden he bears as a producer. State, local, federal and otherwise.

Buffet talks a good game, but he is currently in arrears with the IRS to the tune of maybe a Billion dollars.

When you raise the capital gains tax, you make uninformed dipshits feel better, and that's about the only upside. These millionaires and billionaires you assholes want to demonize could quite easily tell this America to fuck off, and live elsewhere.