Monday, February 13, 2012

These Rich People Support Obama's Millionaire Tax

Lisa Du | Oct. 11, 2011, 2:20 PM | 2,252 |   x You have successfully emailed the post.

President Barack Obama's proposed "Buffett Rule" has been nothing short of controversial, and everyone is weighing in on the feasibility of the tax on millionaires and what it means for America. From denouncements of class warfare by Congressional Republication to showers of support from Americans, we've heard about it all. 

The proposed legislation, part of President Obama's overall deficit reduction plan, calls for raising the minimum tax rate on those who make over $1 million in income per year.

Among the rich, opinions have also been mixed. We've heard from those that are against the policy, but there are many who have shown willingness to be taxed to help the American economy out of its rut.

From from hedge fund owner John Arnold to Def Jam's Russell Simmons, we rounded up their words of support.

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