Posted on 11/14/2007 10:48:28 AM PST by Sub-Driver
‘How can [sob!] you attack such a paragon of charity?’
You forgot to mention the ‘money honey’ reporterette he was dating while she was giving glowing reports about him.
Yeah, what a phoney. None of his clients have to worry about estate taxes.
GREEDY G-D LIBS!
Using government to steal. That’s all they know how to do.
You may be rich and the "Oracle of Omaha," but you're still a complete GovernMental loving IDIOT!!! (he needs to read and comprehend my tagline)
To be fair, “liberals” do not believe that wealth should be inherited. That may mean any wealth, I’m not sure. The concept is embodied something like “the world belongs to the living, not the dead.” This would indicate that the idear is to prevent the transmission of wealth from one generation to the next, definitely not without the state being the middleman.
Warren Buffet is a major hypocrite. His is not worthy of our respect. He is simply a guy who knows how to pick stocks. When he came out against eliminating the inheritance tax and then put all of his money in a trust, it was clear to me that he is a nothing more than a scam artist. If the tax is such a great deal Warren, then don’t put your money in a trust; give it to the IRS.
Should we all be asking our elders to die in 2010?
Peter's right. The U.S. tax code was amended a while back to allow farms to be passed on to heirs without being subject to estate taxation. The only stipulation is that the property must continue to function as a farm for a certain period of time. But most of them get sold off anyway because the heirs are not interested in running the family business like their parents did.
What's really behind this is the insurance lobby (Buffet has LOTS of holdings in insurance). If the estate tax repeal sunsets in 2011 (Congress does nothing between now and then) then the federal estate tax exemption goes back to $1M per person.
I start drafting irrevocable insurance trusts and insurance companies start selling second to die policies like hot cakes! Mui bueno for your's truely and Mr. Buffet!
Yeah, Warren, that’s because you have businesses which make their money selling INSURANCE to people with estates to protect, AND, YOU PROTECT YOUR ESTATE with Multitudes of attorneys and charities. GO POUND SAND.....Maybe we should just say that Billion Dollar Estates MUST BE TAXED AT 80%!!!!! Yeah, I’m ALL FOR THAT.
I'm not interested in being fair, just correct.
Wealth is property belonging to the person owning it. What a wealthy person does with that wealth is absolutely no business of our thoroughly self-serving and corrupt political class in Washington.
Anyone in favor of the Estate Tax is no conservative.
3rd richest man and BIG democrat just like Bill Gates. Gates’ daddy is a BIG proponent of a state income tax. He sits on state committee trying to get the state income tax approved. Naturally, all his money is tied up in trusts too. Thanks for the article. I’ve sent it to non-freepers.
His shareholders should be PISSED at him for these boneheaded statements.
Not all his shareholders own the class A stock.
The Birkshire Hathaway Class B stock is only a few thousand and middle class people do own them.
Buffet is literally speaking against the people to whom he owes a fiduciary duty.
My experience is, in the case of family farms, the kids keep the farm and rent it to other farmers to plant and harvest on shares. There was a time, before the value limits were raised, when the farm would be sold to pay taxes.
If on the other hand, your family owns a chain of furniture or jewelery stores or a construction or mining company, Warrent is there to buy, courtesy of the taxman.
The oracle is better named a LEECH.
This is why I HATE Democrats. They are just too stupid.
HOW IS IT A "WINDFALL" IF IT WAS YOUR'S IN THE FIRST PLACE YOU IDIOTS?!!!!!!!!!!!!!
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