A prominent demographic has weighed in extremely positively on the Buffett Rule, the administration's Warren Buffett-inspired proposal to tax millionaires an extra $1.5 trillion over the next 10 years. According to a new survey, 80% of Americans under the age of 30 strongly support the move. Less than 9% oppose it, and 7% favor a 15 percent flat tax on all businesses and individuals to cut down on loopholes.
More than 5,000 respondents clicked into the Facebook survey, conducted by Our Time, a nonprofit advocacy group for Americans under 30. This youngest voting constituency has the smallest number of millionaires.
America at large apparently also agrees that it's time the rich paid a greater share of what's due to Uncle Sam, though not quite as overwhelmingly. According to a Gallup Poll this week, 70% give the thumbs-up to raising taxes on some corporations, and 66% approved of increasing taxes on individuals earning $200,000 or more annually and families that earned a combined minimum of $250,000.
The Hollywood crowd seems willing to shell out more, too -- at least from a recent small sampling.
Here's the equal-time part: Republicans say the proposal amounts to class warfare and robs wealthy Americans of their job-creating powers.
Now let's take a breath and wait for the next poll.