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Warren Buffet for President
Posted: Mon Aug 15, 2011 4:45 pm
by Aero
If he would have the job.
http://www.nytimes.com/2011/08/15/opini ... TE&ei=5043
At least, take his advice on taxing the wealthy.
Re: Warren Buffet for President
Posted: Mon Aug 15, 2011 11:44 pm
by Jccarlton
Only if he ponies up at least 5 bil first. Otherwise he's just using the tax code to milk the system. Buffet has lot of money in compaines that just so happen to do trust and estate planning.
Re: Warren Buffet for President
Posted: Tue Aug 16, 2011 2:25 am
by Jccarlton
Jccarlton wrote:
Only if he ponies up at least 5 bil first. Otherwise he's just using the tax code to milk the system. Buffet has lot of money in compaines that just so happen to do trust and estate planning.
There's no better way to make money than patronage and cronyism:
http://marklevinshow.com/goout.asp?u=ht ... en-buffett
Posted: Tue Aug 16, 2011 4:56 am
by Ivy Matt
I have good news for Warren Buffet and his mega-rich friends:
Problem solved. 
Posted: Tue Aug 16, 2011 4:01 pm
by Tom Ligon
Faced with the option of donating to the government or donating do something else, the super-rich (who are rarely idiots) find the best use for their money. They frequently do tax themselves by supporting, among other things, universities and R&D programs such as Tri-Alpha. Polywell would probably be on that list too, were it not for the Navy resuming funding.
The super-wealthy, if feeling altruistic, make a very nice counterpoint to government.
Posted: Tue Aug 16, 2011 4:21 pm
by KitemanSA
WB talks about his 15% tax rate, which is just the capital gains rate forfolks in the higher brackets. But he doesn't mention that the companies that made the money that BECAME the capital gains paid 35%or more. So basically he hasbeen double taxed.
I wonder what his ulterior motive is.
Posted: Thu Aug 18, 2011 6:38 am
by MSimon
I have a very close friend who has known Warren for some time. The person is a Democrat and makes good money. That friend has no respect for Warren.
One of his favorites is preying on people who are about to lose their family business due to the Death Tax. He does add value. So there is that. But calling for government action which will support his business is not exactly the most ethical behavior. Where I come from such a man would be called corrupt.
Perhaps Democrats have a different view. I'd like to hear it.