Billionaire investor Warren Buffett said taxes should probably be cut further for most Americans, but raised for the super-wealthy, such as himself.
"I think that people at the high end, people like myself, should be paying a lot more in taxes," Buffett said. "We have it better than we've ever had it."
Microsoft founder Bill Gates said he voted for a failed ballot measure in Washington State to raise taxes on the wealthy. "I voted yes and I was hoping that it would pass," Gates said. "But that's done now."
Buffett dismissed the notion that cutting taxes for the wealthy will trickle down through the economy to benefit everyone.
"The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you," Buffett said. "But that has not worked the last 10 years, and I hope the American public is catching on."
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