“ If you talk to Warren [Buffett], he’ll tell you his preference is not to meddle in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.
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I like this approach as well. I don’t want the goverment messing with my ability to make money, but I don’t mind them taking it from me after I’ve made it. But, the only thing that nags me is at what point does taxing income or gains start to make people less motivated to earn that income or gains in the first place.
