There is a class war. It is our class, the rich class, that started the war and were winning it.
So dramatically expressed America's legendary financial guru Warren Buffet in an interview on CNN in May 2005. Much has happened since then, but nothing that disproves the Warren Buffet's views on developments in the U.S.
Behind the battle around a number of billion here or there, there is Warren Buffet's "class war"? In short, it is about the richest twenty majority of U.S. households, the real capitalist class, refusing to further participate in the social expenditure on welfare. They had the appetite whetted by George W. Bush 's tax cuts a decade ago and now becoming stuck in what they regard as a success.
When the Bush tax cuts expired in December 2010 refused the victory of Republicans to reinstate the tax rates that existed before Bush's "reform" and Barack Obama turned down himself as he did in the fight over the new health care reform.
That does not mean that Barack Obama is on the other side of the class war that Buffet talking about, just that he and most Democrats want to use some other method of warfare. The battle is between the Republican camp who refuse to the rich to provide a single cent to the consolidation of public debt and budget deficit and Obama's Democrats who want the rich to contribute a little over a tax increase for households with more than 500,000 dollars a year in income.
-Sorry for the google translation.
Some more info for those that havent realized there's a class war going on -
Income gaps between very rich and everyone else more than tripled in last three decades.
And last, who did benefit the most from these tax cuts?
The top 1% of earners (making over $620,442) received 38% of the tax cuts. The lower 60% of filers (making less than $67,715) received less than 20% of the total benefit of Bush’s tax policies.