[wideawake]

Buffett's claim that he wants to raise taxes on "the rich" is hollow.

Billionaires like Buffett and multi-millionaires will always be able to strcuture their enormous assets into trsust that avoid tax liability.

What Buffett wants to do is to impose crippling taxes on people whose net worth is between $500,000-$2,000,000 or so.

People who are doing very well, but who are not so wealthy that they are able to retain a team of lawyers to set up and maintain a carefully structured system of trusts.

In other words, Buffett wants to tax his potential competition into penury so he and his tier of the superrich can breathe easier.

[griswold3]

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.