Posted on 05/05/2008 7:28:18 AM PDT by ReleaseTheHounds
Interview with Warren Buffett reveals an amazing stupidity on the choice for the next American president.
I think he is jockeying for a power position in a Rat administration and wants to help them win.
A certain percentage of the mushy middle will think "Wow - if the genius Warren Buffet thinks the Rats are better, they must be. He knows what he's talking about. Look how successful he is." In other words, he is trying to sway the election.
Another stupid commie parasite that doesn't understand that killing the host will ruin him in the long run. What a maroon.
In other words, Buffett wants to tax his potential competition into penury so he and his tier of the superrich can breathe easier.
Exactly!
Buffett buys valuable companies that are in immediate trouble, thus, increasing his net worth. I consider him a vulture. If there is an economic collapse, it only makes him wealthier. What better way to collapse an economy than to raise taxes beyond what the ‘little’ companies are able to pay?
I own a small business and was quoted a price of $10,000 to structure such a system.
Did he pop-the-question to Becky?
How many jobs has Buffett created? My guess is a lot less than zero, probably negative thousands.
What kind of system?
The ultra-wealthy often succumb to “liberal guilt.”
They become out of touch with the real world.
Exactly! That is what people don’t realize about big business. They are NOT for the free market. The welcome regulations which will harm their competitors.
Self-made rich people often have the delusion that because they know how to make money, they know how to rule. In truth, there is a point of diminishing returns with wealth.
Becoming a millionaire or multi-millionaire shows that you know how create wealth, at least for yourself, and maybe for others. But becoming a billionaire or multi-billionaire shows that you have that skill to the exclusion of other skills. That is, you are *less* capable. In some cases, approaching the gift of the idiot-savant: the *only* thing you can do is make money. Otherwise, walking and chewing gum at the same time are a challenge.
This is self-evident because there is likewise a law of diminishing returns with what you can *do* with your money. This is because, beyond a certain point, about the only thing you can do with your money is reinvest it.
Someone with more ability will achieve a level of wealth at which point they will have earned “enough”, by their own standards, to enable them to do other things, unrelated to wealth. For them, money becomes a tool, not an end in itself. This shows a higher level of ability.
In the case of Warren Buffet, he has made a realization that for him, and he imagines his peers as well, money is starting to actually impede his path in doing other things. In some weird way, he probably thinks it will help other rich people if the government takes away a lot of their money.
Another billionaire, Michael Bloomberg, is even worse off, as wealth has trained him that he can be like a dictator. People do what he says, because he has money. But see how this has turned ugly when he achieved democratic power.
He does not like guns, and smoking, and whatever, so he think he can just order it to stop, and people have to do what he says, because they always do what he says. And to some extent he does get what he wants. But eventually, the public will say a loud and resounding “No!” to his whims, because that is not how things are normally done in a democracy.
In won’t matter that he is a billionaire. His job is not to order people around, but to do what they want.
Buffett hasn’t met a tax he doesn’t like...amazing! Both he and Gates are giving their inheritances away...sticking it to the kids! Kind of an adult abortion family plan! My guess is senility has set in, but what ever it is it’s contagious, Gates has it as well!
"The real truth of the matter is, as you and I know, that a financial element in the large financial centers has owned the government of the U.S. since the days of Andrew Jackson." - Franklin Roosevelt (1882-1945), from a letter to Colonel Edward Mandell House, 1933
Buffett pushes for the estate tax, which ia as outmoded and immoral a taz that ever was devised.
Then he shelters his $ 46 billion in foundations that his kids are paid very, very handsomely to “run”.
Net effect: wealth passes to kids, tax free.
For the rest of us, pony up to Uncle.
Warren Buffett, pffhhtt!
1- The rich will not be soaked, no matter what anyone tries.
2- The term 'poor' has an idiotic meaning in America these days.
Nobody who has even a minimum-wage job in America in 2008 would be considered 'poor' in earlier times.
Warren Buffett's lack of wisdom serves to illustrate the wisdom of Thomas Sowell's observation.
"Senator John McCain could never convince me to vote for him. Only Hillary Clinton or Barack Obama can cause me to vote for McCain."
You get it at the end. Buffet has a guilt feeling, and so he believe he can appeal to people by pretending that the tax should be rich more. However, we all know he is full of $hit. If he really believed what he said, then he could give away all his money and keep just a few million or even one billion. The guy is a fake when it comes to taxes.
It was called a ‘comprehensive asset protection pla’ by a local attorney here in Ohio.
It required putting certain property into trusts, setting up LLC’s, incorporating certain aspects of my business, and estate planning.
I have five separate but interconnected businesses. I grew a little too fast and need to take a step back before I get in over my head. (Not financially, but operationally)
Yeah, I know, a good way to make money is to start a business, get it up and running then sell it. But I’m hooked! (or I’ve lost my mind)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.