How to pay more taxes

Startling news: the rich in many European nations have asked their governments to tax them more. This follows the call made by Warren Buffet in the United States that the rich should pay more taxes. The motive is self-interest: to save their economies from sliding further and going into a double-dip recession, and preventing the kind of youth violence that has been witnessed in many countries in Europe. The recession looming on the horizon (if the world is not already in it) will be more difficult to deal with than in the earlier rounds since this time the cause is political rather than financial, as the case was with the global recession that started in late-2007.

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