To test [Buffett's] notion, Salon launched the Patriotic Billionaire Challenge. We put the question to every member of the “Forbes 400″ list, all of them with a net worth of at least $1 billion: “Are you, like Warren Buffett, willing to pay higher taxes?”
The results are in. Of 400 billionaires, only eight (including Buffett) say they are willing to pay more.
Ah, but there’s a catch: It would appear that only 12 of the 400 responded to Salon’s queries. A 3 percent response rate doesn’t mean squat.
But that’s not to say nothing interesting came of the exercise.
Finocchiaro shared some of the comments from the respondents, and they add a serious degree of nuance to Buffett’s “hey, rich people are ready to pay more” mantra.
Todd Wagner, co-owner and CEO of 2929