Amidst the financial crisis, the richest man in the world recently stated that the government should raise taxes for the rich... pointing out that he's paying the lowest rate that he's ever paid in his life.
This comes at a time when Americans are just downright scared about the market. So naturally, any advice or wisdom coming from Warren Buffett is not taken with a grain of salt.
And with the Presidential election now less than one week away -- and the U.S. economic situation rising to the forefront of issues -- Buffett's opinions can certainly be used as propoganda to steer voters to one political party or another.
The question is, was Warren Buffett wrong about his comment on taxes?
Brian Sullivan gives one side of the story here.
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