Posted on 10/09/2008 5:45:08 PM PDT by Kaslin
Election '08: Why would a man linked with the Wall Street culture Barack Obama hates top his list for Treasury chief? Obama knows something many don't about billionaire Warren Buffett.
During the Nashville debate, Obama put forth an ideological litmus for the Treasury job, a post that has taken on even more importance amid the financial meltdown. He said he would want to make sure the next secretary shares his views on improving tax fairness and income redistribution.
"The key is making sure the next Treasury secretary understands that it is not enough just to help those at the top," he said. Buffett, the so-called Oracle of Omaha, would make a "good choice" for the job, Obama said. That left some observers scratching their heads.
But in Obama's 2006 memoir, he recounts visiting with Buffett at his office in Omaha, Neb. And if Obama's account can be believed, Buffett told him he endorses his plan to soak the rich. "If there's class warfare going on in America, my class is winning," Buffett lamented, while striking other notes discordant with his capitalist image.
(Excerpt) Read more at ibdeditorials.com ...
Warren Buffet thinks there should be ZERO POPULATION GROWTH.....which means, to a liberal like him, that YOU have TOO MANY KIDS......His kids are OK to live, but not other kids. He is DISGUSTING.
If there’s a total collapse of the world economy Warren won’t be any richer than anyone else.
White, wealthy guilt.
Well, Buffett should be real patriotic and give up 90% of his wealth for the socialist cause....
Buffet on Obama is like calling the plumber to come fix your TV
Really big business’s that are friends with the socialist dictators really do well in the NEW economy. The little guys are the ones who disappear.
So if you want to be successfull in the NEW Osbama economy..invest where Warren does. This is how the rich stay rich in those places like Mexico. What an economic model!
“When you get rid of the estate tax,” he told Obama, “you’re basically handing over command of the country’s resources to people who didn’t earn it.”
Maybe it’s just me, but nothing galls me more than the death tax. I think it’s immoral to tax individuals twice, even after they are dead.
This guy may be a financial wizard, but he aion’t got his head right.
Yes, I couldn’t believe it when McCain gratuitously praised Buffett during the last debate.
I don’t remember his exact words, but when he was asked whom he would name as Treasury Secretary, he said something to the effect that Obama’s adviser Warren Buffett would be just great.
I once had great respect for Buffett as a Capitalist and successful business man.
But now the libs trot him out, the richest man in the world, to tell us we need to pay more taxes. What a hypocrite.
I have a small business, with only a few employees. I already write big checks every year to the FED and State Governments. I don’t pay myself much more than my employees. Obama probably will say I am “rich” and I do not accept the BS about how 95% us will pay less taxes (most now will get money back).
Buffett the political pawn can get stuffed.
Buffett reminds me of Bertrand Russell. Russell was a genius at math (as Buffett has been in stock picking), but Russell’s philosophical output was trash (as Buffett’s political views are trash).
Why don’t Warren Buffet and Bill Gates just GIVE their friggin billions to all the “working poor” and relieve themselves of all that guilt?
You're forgetting the cake. We may eat cake.
Giving it to the government makes NO sense. They certainly didn’t earn it, can’t be trusted to spend it wisely and will defintely waste it.
On the contrary, for years Buffet has been lamenting the overly high value of many stocks. He prefers to buy and hold stocks, but he has been less willing to buy them during the past decade because of those high values.
He's been waiting for times like this when he can buy stocks of good quality companies at extremely cheap prices.
Warren Buffet has won and wants his legacy to rule forever.
The way the wealthy retain control is by holding down those that may have the means to get wealthy.
Warren like others in the wealth class have their wealth in instruments that are never taxed but they hold out a fraction of fraction of a fraction as ‘income’ as Warren does as a farce. His ‘salary’ is a farce but his power is as a billionaire’s billionaire. And if one day there would be too many billionaires, then Warren and his calss would be trillioinaires.
One way the wealthy escape the definition of ‘income’ is by forming a charitable trust that they control, then taking out a mega-billion dollar insurance policy against it and then borrowing against the policy. This type of scheme completely escapes significant tax liability. But to make it work one has to be wealthy to begin with. In other words, it’s only for the wealthy.
Therefore according to the wealthy, taxes are really only for those that threaten the ruling class. When you view tax laws through this lense, you will wake up to the fact that tax code is not so much about revenue as it is about setting a barrier to those that might amass enough financial power to change the rules, and the wealthy will have none of that.
This characteristic of human classes of holding the affluent down is not new, It goes very far back. And it transcends many cultures, Oriental as well as Western. The rich trading classes and land barons of the present and the past must all be subjugated to the ruling class of which Buffett is an example of the present.
To level the playing field one must destroy the present tax code. H.R. 25 ‘The FairTax’ is the means to level the playing field and take away the ruling power of the wealthy who pay to keep the tax code in their favor to the detriment of those that might be competitive to their interests.
And you will witness an onslaught of disinformation and smears whenever any group attempt to discuss H.R. 25. What you are witnessing is a protection of the current code and the vested interests behind it.
A liberal giving up his wealth? You can’t be serious
“...Warren Buffet thinks there should be ZERO POPULATION GROWTH...”
Yes. And he is a very generous contributor to
Planned “Parenthood” as well as RU 486 research, and various population control foundations, and contributed to
research for a portable abortion machine.
Warren Buffet is a perfect fit for Obama’s circle of advisors.
I don’t understand his objection to the death tax. If he, and others like him who made money by figuring who the better steward of wealth would be in life, can’t be trusted to determine who will be the best stewards of wealth after death, shouldn’t he hand his money over to someone else right now?
Buffet has already demonstrated his willingness to do so by mostly excluding his own children from his estate.
I should say “I don’t understand his position on the death tax.”
Buffet is all in favour of letting elected officials reallocate the wealth of dead people—something he would never let be done to his own money, safely transferred to the population-control-oriented Buffet Foundation.
The man clearly carries a great deal of transferred self-loathing.
Good point.
Kirk:"Set phasers for stun, Mister Sulu."
Buffett’s made his money. He favors tax policies that will keep him rich, and keep you from getting rich.
You've hit it dead center, the guilt thing, but I don't put Gates in the same class with Buffet, Soros, Redstone (Viacom), etc. I may be wrong but the former does stay away from political action, that is imposing one's agenda on others, while the latter (and a whole lot more like them) cross the line into darkness.
Commandeering other peoples' money to appease one's psychological, or material, selfishness, whether it's called atonement, extortion, deceit, usury, or whatever, is the central evil. I'm not evangelically religious, but that is after all what the New Testament is about.
I don't think Warren Buffet can help himself. Money is simply his God (he's incapable of anything else). Ironically, although the man in the street apparently does not see it, Democrats are more prone this way than others. That is, more pagan.
Let's see: Warren Buffet, Sumner Redstone, Mark Warner, George Soros, Marc Rich, Stephen Bing, the Sulzbergers, Peter Lewis, Nancy Pelosi, etc. etc.
Why not? He's just not as outward about it?
It was Gates’ father, not Gates himself, who campaigned in favour of inheritance taxes. Gates stayed out of that, as far as I know.
In addition, Gates’ foundation concentrates almost exclusively on health-care issues in less developed countries, although, unfortunately, the allegedly Catholic Mrs. Gates has drunk the condom Kool-Aid on AIDS prevention.
It looks like they’re building our road to serfdom after all. It’s pretty obvious that being wealthy, by itself, isn’t a virtue.
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