Ain’t gonna happen, cousin. To increase taxes on the “Super-Rich” many in Congress would have to change the laws they use to shelter their own wealth. Buffett knows it, and is counting on the efforts of Congress for the continued sheltering of the majority of his wealth.
Wow! I don’t think ANYONE posting above even stopped to watch the interview.
Buffett regularly lobbies for higher estate taxes. He also has repeatedly bought up family businesses forced to sell because the heirs’ death-tax bill exceeded the business’s liquid assets. He owns life insurance companies that rely on the death tax in order to sell their estate-planning businesses.
Buffett made about a billion dollars off of the Wall Street bailout by investing in Goldman Sachs on the assumption Uncle Sam would bail it out. He also is planning investments in ethanol giant ADM and government-contracting leviathan General Dynamics.