Stop Coddling the Super-Rich

New York Times Op Ed By Warren E. Buffet

August 14, 2011

“…Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.…”

About Lloyd Kahn

Lloyd Kahn started building his own home in the early '60s and went on to publish books showing homeowners how they could build their own homes with their own hands. He got his start in publishing by working as the shelter editor of the Whole Earth Catalog with Stewart Brand in the late '60s. He has since authored six highly-graphic books on homemade building, all of which are interrelated. The books, "The Shelter Library Of Building Books," include Shelter, Shelter II (1978), Home Work (2004), Builders of the Pacific Coast (2008), Tiny Homes (2012), and Tiny Homes on the Move (2014). Lloyd operates from Northern California studio built of recycled lumber, set in the midst of a vegetable garden, and hooked into the world via five Mac computers. You can check out videos (one with over 450,000 views) on Lloyd by doing a search on YouTube:

2 Responses to Stop Coddling the Super-Rich

  1. Mr. Kahn,

    I know this will be kind of off topic, but i was wondering if you would care to comment on my situation. I recently graduated college with a degree in Business Administration from the University of San Diego. I played baseball their for five years and have been an athlete all of my life. I recently got a desk job working for a very good and profitable company selling software.

    I am currently feeling a little unfulfilled at this position and don't really think I am cut out for a desk job. I am very interested in becoming a framer of houses or customer home builder. I was wondering if you could share for me your transition from a business job to becoming a contractor? Where would I start if I have no experience in building before?

    My current job I believe has higher pay potentials, but I believe I would be more passionate about working with my hands in something. Anyways, thank you for your time.

    Much Respect,
    23 year-old trying to find his way

Leave a Reply