Warren Buffett Interview: Calls For More Taxes On Wealthy And Says 'I’m Fine With It'

According to Warren Buffett, more tax needs to be paid by wealthy Americans, including himself, and he is totally fine with paying it.

Buffett made the claims on Monday on CNBC’s Squawk Box. The billionaire investor said during the interview, "The wealthy are definitely undertaxed relative to the general population."

“As we get more specialized, the rich will get richer. The question is: How do you take care of a guy who is a wonderful citizen whose father died in Normandy and just doesn't have market skills? I think the income tax credit is the best way to address that."

"That probably means more taxes for guys like me, and I'm fine with it," he added.

Buffett isn’t alone in his thinking as Rep. Alexandria Ocasio-Cortez also expressed that she’d like to see the wealthy pay more by proposing a 70 percent tax increase on those with incomes over $10 million.

Both Elizabeth Warren and Bernie Sanders have also joined the ranks of politicians that believe a higher tax rate for the wealthy is necessary. Warren is targeting in on those with over $50 million in assets while Sanders proposal looks at rich heirs.

Even Bill Gates supports Buffett’s claims saying that more “progressive” taxes need to be implemented on the rich but doesn’t fully support Ocasio-Cortez’s aggressive approach, CNBC reported.