Rich don't sacrifice, Buffett says

Billionaire philanthropist Warren Buffett argued passionately for raising taxes on the rich on ABC’s "This Week" on Sunday.

“There's no sacrifice among the rich. There's plenty of sacrifice going on now,” Buffett said. “I mean, if you look at Iraq and now Afghanistan, there's been sacrifice. But I would doubt if you take the people on the Forbes 400 list — whether many of them have a child or a grandchild that served in Iraq or Afghanistan — they come home in body bags to Nebraska, but they don't have to call up anybody up at the country club to notify them.”

Buffett appeared in an ABC roundtable with CNN founder Ted Turner, Bill and Melinda Gates and Tom Steyer of Farallon Capital Management.

As for America’s future, Buffett had this upbeat prediction: “Two years, I don’t know ... we will be better off two years from now than we are now unless there is some nuclear, chemical or biological event. But the one thing I’m absolutely sure of is that the best years of America lie ahead.”