The Mysterious Reaction to Warren Buffett

August 30, 2011 in Daily Bulletin

Warren Buffett recently said that the U.S. government should raise the taxes of the wealthiest Americans. Obviously, Warren Buffett is one of the more famous members of this group as he often appears near the top of world’s richest people lists. One may expect that the reaction by others to this remark would be positive as he is offering to give up more of his own money. However, the reaction by many members of the media has been to criticize him. This response seems curious as it appears that Warren Buffett is acting unselfishly. So what do you think of Warren Buffett’s suggestion? Is he acting unselfishly or is there some hidden motive?

Source: Freakonomics Blog