[digger48]

"It's not as though people will be destitute," Clinton said.

[Myrddin]

Buffett loves the estate tax. It forces ordinary people to sell their family assets at fire sale prices to pay the taxes. Buffett takes advantage of the fire sale prices to snap up some new assets. Buffett isn't worried about the estate tax hitting his assets. They are all carefully sheltered in corporations and trusts that never die, thus will never face an estate tax. Buffett doesn't mind payroll taxes either because they are only collected on EARNED income. Buffett's income is passively derived from rents, royalties, interest and capital gains. A few well chosen acts of philanthropy can offset any appearance of actually making a taxable income.

[Chaguito]

"A fire hose has been showered on me, and nothing has trickled beneath," Buffett said.

Flaming hypocrite. If he's so concerned, let him set the tone by giving away some of those billions.

I'm trying to start a Christian school in South America for the lower middle class. I could use $3 million to get things rolling. How do I get in touch with Brother Warren, to help him with his concern to narrow the gap between rich and poor.

And BTW who says that an inheritance of $1 million is a "rich" inheritance? What a crock!

[HwyChile]

Buffet and the left are liars regarding this issue. It is a lie that less than 1% of taxable estates are farms. I am an estate planning attorney in Texas, and most of our clients are ranchers who make a very modest living but who own ranches worth millions (often passed down over the years when they were not worth much), and they are having to sell off the ranches to pay the estate taxes at death. If a large part of our practice is farms here, it must be the same all over the US. I am not sure where Buffett got his numbers, but they are cooked. There are lots of people with small businesses and farms that are hurt by the death tax.

I am all for getting rid of the death tax, even though it would require me to practice more in other areas to make up for the loss of work.

I laugh when I hear the left say very few people and only the rich get his with the estate tax.

[HwyChile]

The estate, gift, and generation skipping tax (collectively the “death tax”)are Marxist wealth redistribution concepts, and people need to understand that. Does anyone think our founding fathers would have been for the death tax? The death tax is un-American, and it hurts our economy by taking money out of the private sector where it is used as capital and into the public sector which does not produce anything and wastes it.

[Razz Barry]

Buffet, one of America's wealthiest men, told the Senate Finance Committee last month that the inheritance tax should remain in place.

I don't know anything about Buffet, other than he's rich. What I wonder is, how many American's jobs has he sent to China to make a bigger profit? It just seems to me that if he doesn't want to leave his wealth to his offspring, why work to make more money, especially if he's taking away the livelihood of poor Americans.

[TheThinker]

“The estate tax has been historically part of our very fundamental belief that we should have a meritocracy, that we do not want a system - where we expect people to make it on their own - to be, over time, dominated by inherited wealth,” she said. “That we do believe that people should have to get out there and make their way, to a great extent.”

Give me a break. Dims have always supported a welfare system that encourages the exact opposite of a meritocracy. Under the welfare system, women are encouraged to have more children to bring in the checks. Because welfare has no time limit, you can be on the doll your whole life and never accomplish anything.

Dims want to control the wealth of families, in exchange for political influence and power. They would have everyone start from scratch and they could doll out the scraps.

[Recovering_Democrat]

Clinton played moderator and questioned the man known as the Oracle of Omaha about the economy. Some of the inquiries came from the audience of 1,500.

Oh, and I'm sure all of those were spontaneous, unplanned, and random. < \sarcasm>

[SkyPilot]

What a joke.

Liberals are the richest among us - and yet they pander in the most pathetic way.

Take Oprah. She made her billions by talking to white women, and when she goes before a black audience, she "talks black" like Kentucky Fried Hillary did.

The NY Post wrote about it. Oprah said something like this:

Don't be tellin me a black man can't no do nuthin!

Give me a break. Of course, Ophrah could finance her own Government Program.<p>She collects mansions the way some people collect stamps.<p><img src=">

[redstates4ever]

Marxism to the rescue! /sarc

[Sig Sauer P220]

Buffett needs to join Jimmah Cartier in the STFU Club.