Posted on 09/19/2011 10:44:32 AM PDT by csd
How can Warren Buffett, one the greatest investors of our time, support higher taxes. On the surface this doesn't make sense. Buffet is a rich guy- right? If he supports higher taxes it must mean either he's cares about poor folks or has a secret recipe to save America? Anyway that you look at it Buffett championing higher taxes and being quoted by Obama is a remarkable developement. Yet there are some good reasons why Buffett is taking this position.
The reason Buffet likes more taxes is that he is a billionaire. Does Buffet make income off his investments; sure he does. Yet the great bulk of Buffett's, Bill Gate's and the International Bankers great wealth is NOT in income -its in assets. Do you ever hear Obama or Buffett or even the Communists championing an asset tax (not that they should)? When you are a billionaire you are worried about protecting assets-not income.
There are a couple of other reasons that may be motivating Buffett to support higher taxes. The first being less competition for his current portfolio of mature industry investments from new and more innovative company's.Small businesses drive efficiency and innovation in the economy. Certainly Buffett has no reason to create new capital or investment in small businesses-as his less asset rich brethren may need to do. The economy's risk takers makes hundred of thousands of dollars not-own billions in assets. Also, he may quietly be receiving some interesting quid-pro-quos from the other NWO members and favorable treatment from the government agencies at the Obama Administrations suggestions. The trail from limousine liberal to a new world order corruptocracy may be a long one.
So wonder no more about Buffett. It's still about business as usual-with his friends at the top of the heap!
Remember that Warren Buffett’s dad was a Congressman. In other words, Buffett was always part of the ruling class. Not surprising he wants to tax the hell out of the rest of us while he spends/shelters his own money.
A huge business can hire more tax lawyers than a small to medium sized business and thus the tax codes favor the big ones like GE and spit on mom and pop operations.
I reject the idea that Buffet is a great “investor”.. He bought out companies and ran them. Investor implies he picked winners. It is a lot easier to make a buck if you can own the whole company and affect policy. A lot harder to pick winners w/o a seat on the board.
Buffet and Imelt are both “Tax-obscene” (limosine) Liberals.
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