BUSINESS
08/19/2011 02:15 pm ET Updated Oct 19, 2011

Fiscal Times: Tax The Rich, But First Define 'Rich'

On Monday, financier Warren Buffett ignited a tax debate by recommending a tax increase on the super-rich. The reaction by some Republicans and others has been that if Mr. Buffett wants to pay more, he should simply write a check to the Treasury Department and send it to Washington. While such a sound-bite response may go over well on Fox News, it is a completely unserious response to the point he made.

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