<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><span style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; font-size: small; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class="">CNBC </span><span style="font-family: Arial, Helvetica, sans-serif; font-size: small; font-variant-ligatures: normal; orphans: 2; widows: 2; color: rgb(62, 72, 85); background-color: rgb(255, 255, 255);" class="">5:33 PM ET Mon, 7 Jan 2019</span><h1 class="m_1737317771256776946title" style="font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px; padding: 5px 0px 10px; line-height: 1.2em; color: rgb(62, 72, 85); background-color: rgb(255, 255, 255);"><span style="font-size: 14px;" class="">Ocasio-Cortez's 70% tax plan gets fierce response, but even Warren Buffett says rich should pay more</span></h1><div class="m_1737317771256776946source" style="font-variant-ligatures: normal; orphans: 2; widows: 2; color: rgb(62, 72, 85); display: inline-block; background-color: rgb(255, 255, 255);"><a rel="author" href="https://www.cnbc.com/cat-clifford/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/cat-clifford/&source=gmail&ust=1547134007478000&usg=AFQjCNGqhknP-umdMoe9T9pbaAjMoM-fKA" style="color: rgb(98, 88, 255); text-decoration: none; outline: none;" class="">Catherine Clifford</a></div><span style="color: rgb(34, 34, 34); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""> </span><div style="font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><div style="color: rgb(34, 34, 34);" class=""><a href="https://www.cnbc.com/2019/01/07/ocasio-cortezs-70percent-tax-even-warren-buffett-says-rich-should-pay-more.html" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/2019/01/07/ocasio-cortezs-70percent-tax-even-warren-buffett-says-rich-should-pay-more.html&source=gmail&ust=1547134007478000&usg=AFQjCNE7-5FFl0r4TR81kM8O9201qu0HYw" style="color: rgb(17, 85, 204);" class="">https://www.cnbc.com/2019/01/<wbr class="">07/ocasio-cortezs-70percent-<wbr class="">tax-even-warren-buffett-says-<wbr class="">rich-should-pay-more.html</a></div><div style="color: rgb(34, 34, 34);" class=""><br class=""></div><div class=""><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.25in;" class=""><span style="color: rgb(38, 38, 38);" class=""><b class="">Excerpt</b></span></div><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.25in;" class=""><span style="color: rgb(38, 38, 38);" class="">Sunday, she got a new surge of attention calling for a tax rate as high as 70 percent for the rich on the CBS's "60 Minutes" in an interview with Anderson Cooper.</span></div><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.25in;" class=""><span style="color: rgb(38, 38, 38);" class="">While some see Ocasio-Cortez's plan as outrageous, or <a href="https://www.cnbc.com/2019/01/07/alan-greenspan-thinks-the-ocasio-cortez-70percent-tax-plan-is-a-terrible-idea.html" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/2019/01/07/alan-greenspan-thinks-the-ocasio-cortez-70percent-tax-plan-is-a-terrible-idea.html&source=gmail&ust=1547134007478000&usg=AFQjCNHGdmH7RSq3Qa-irIQwyTkgXnnyzA" style="color: rgb(17, 85, 204);" class=""><span style="color: rgb(78, 56, 255); text-decoration: none;" class="">"a terrible idea</span></a>," as former Federal Reserve chairman <a href="https://www.cnbc.com/alan-greenspan/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/alan-greenspan/&source=gmail&ust=1547134007478000&usg=AFQjCNGthvGyv6XZgjQCPY-pNImgGY3Upg" style="color: rgb(17, 85, 204);" class=""><span style="color: rgb(78, 56, 255); text-decoration: none;" class="">Alan Greenspan</span></a> <span style="color: rgb(78, 56, 255); text-decoration: none;" class=""><a href="https://www.cnbc.com/2019/01/07/alan-greenspan-thinks-the-ocasio-cortez-70percent-tax-plan-is-a-terrible-idea.html" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/2019/01/07/alan-greenspan-thinks-the-ocasio-cortez-70percent-tax-plan-is-a-terrible-idea.html&source=gmail&ust=1547134007478000&usg=AFQjCNHGdmH7RSq3Qa-irIQwyTkgXnnyzA" style="color: rgb(17, 85, 204);" class="">called it,</a> </span>she is not alone in calling for the wealthy to pay higher taxes. There is one very notable and wealthy financier who is an unabashed advocate of raising taxes on the wealthy: billionaire <a href="https://www.cnbc.com/warren-buffett/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.cnbc.com/warren-buffett/&source=gmail&ust=1547134007478000&usg=AFQjCNFNfzmYihJjV2mV-hDUmuQxB1yegw" style="color: rgb(17, 85, 204);" class=""><span style="color: rgb(78, 56, 255); text-decoration: none;" class="">Warren Buffett</span></a>.</span><span style="color: rgb(38, 38, 38);" class=""> </span></div><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.25in;" class=""><span style="color: rgb(38, 38, 38);" class="">In a 2011 piece Buffett penned in the New York Times titled "<a href="https://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html&source=gmail&ust=1547134007478000&usg=AFQjCNGKryOYKH_DOjINto8nsnA2TvNFkA" style="color: rgb(17, 85, 204);" class=""><span style="color: rgb(78, 56, 255); text-decoration: none;" class="">Stop Coddling the Super-Rich</span></a>," he called for a raise on taxes for everyone making more than $1 million. He called for an even more severe tax hike on those making more than $10 million or more. (Buffett did not provide specific tax rates.)<u class=""></u><u class=""></u></span></div><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.25in;" class=""><span style="color: rgb(38, 38, 38);" class="">"I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering," <a href="https://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html&source=gmail&ust=1547134007478000&usg=AFQjCNGKryOYKH_DOjINto8nsnA2TvNFkA" style="color: rgb(17, 85, 204);" class=""><span style="color: rgb(78, 56, 255); text-decoration: none;" class="">Buffett wrote in the Times</span></a>. <span style="background-color: rgb(255, 251, 0);" class="">"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice."</span></span></div><div style="color: rgb(34, 34, 34); margin: 0in 0.1in 0.0001pt;" class=""><span style="color: rgb(38, 38, 38);" class="">Also, Buffett says he has not seen higher tax rates discourage investment. "People invest to make money, and potential taxes have never scared them off," Buffett writes in the Times.</span></div><div style="margin: 0in 0.1in 0.0001pt;" class=""><br class=""></div><div style="margin: 0in 0.1in 0.0001pt;" class="">~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</div></div></div><div class=""><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">"The big challenge is still to deliver emissions reductions at the pace and scale needed, especially in a world where economies are driven by consumption.”<br class=""><br class="">Sonja van Renssen.The inconvenient truth of failed climate policies. Nature Climate Change MAY 2018<br class=""><br class="">Published online: 27 April 2018 <a href="https://doi.org/10.1038/s41558-018-0155-4" class="">https://doi.org/10.1038/s41558-018-0155-4</a> </div>
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