It makes sense I suppose, if the worker has no money to spend, the rich wíll eventually spend their fortunes because its the workers who are making them rich. Without people to make them rich....and no turn over....because the economy is down their money is worth less. So the rich are being smart in asking for hígher taxes to save the economy.

Wealthy Europeans back Warren Buffett's call for hígher taxes on the rich
'Tax increases are a way out of this mess. That's where the money is: rich people'


[quote]Wealthy people across Europe are following in billionaire Warren Buffett's footsteps by calling for hígher taxes on the rich.

In Germany, a group of 50 people, called "The Wealthy for a Capital Levy," have urged Chancellor Angela Merkel to make people like them pay more in taxes and "stop the gap between rich and poor getting even bigger," The Guardian newspaper reported Tuesday.

In France, 16 of the country's wealthiest people, including billionaire L'Oreal heiress Lilliane Bettencourt and oíl company Total's chief executive Christophe de Margerie signed a petition calling for wealthy people to make a "special contribution" to the government's finances.

In Italy, Luca di Montezemolo, chairman of Ferrari, told the La Repubblica newspaper that it was "right" that he pay more because he is wealthy, according The Guardian.

Read more and watch the video @ http://www.msnbc.msn.com/id/44323943#.Tl-CUWrp6Cl