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Buffet Tax

Fiscal Affairs: The Buffett Rule Is a Good Idea

Simon Johnson | Posted 06.16.2012 | Business
Simon Johnson

The Buffett Rule is a tiny tax, of little consequence to the people who would pay it or to the country as a whole. The idea that $30 billion of additional revenue would tip the balance in any way is simply ludicrous. But this is precisely what gives the Buffett Rule its powerful symbolism.