Posted on 11/14/2007 10:48:28 AM PST by Sub-Driver
Buffett is afraid that if the Death Tax is repealed he will no longer be able to buy up estates at fire sale rates from people selling to pay death taxes. What a jerk. That would cut off his gravy train.
Warren Buffett thinks that inherited wealth weakens and corrupts people, and can ruin their lives. I can’t say if he’s right or wrong, because I’ve never inherited anything. But unlike others here, I do not doubt Buffet’s sincerity. One Buffet story concerns the time his daughter wanted to remodel her kitchen, and he advised her to go to the bank for a loan!
Neither can he. He can think anything he wants, but just because he happens to be a rich man does not make him right. He is I believe being untruthful when he says he is worried about inherited wealth weakening people. I truly believe that is a canard. He likes being able to control the wealth HE has. He also likes being able as I said to buy up other people's estates at cheap rates. Anyway, why should he give a rats behind if other people are being corrupted by inherited wealth? I don't buy it for a second.
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