The video below, from CNNmoney.com, is a brief interview with Warren Buffett wherein he shares his thoughts about something that could help the economy--raising taxes on the wealthy. Buffett does make it clear that he does not think the middle class should shoulder additional tax burden, but he also makes it clear that the wealthy have been paying tax at low effective rates and they could handle more. The article that accompanies this short interview is interesting...and I think I may agree with Buffett--to the disappointment of some of my clients. He makes a compelling case about his effective tax rate as compared to others in his office (which I would guess are upper-middle class types). Also, I maintain that evenutally this type of discussion is going to lead to increasing revenue through the estate and gift tax--so keep a lookout.