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To: Moonman62
Buffet got rich by sheltering his capital gains in his insurance companies.

He also favors the estate tax which takes the bulk of a deceased person's estate and often forces the heirs to sell a business, ranch or farm in order to pay the taxes. That is a twofer for Buffet. Life insurance proceeds when a person dies is not taxable. That encourages people to buy insurance. Also, like a buzzard sitting on a limb, he swoops in and buys good businesses at a low price when heirs are forced to sell.

Buffet is a Leftist predator like many other liberals.

32 posted on 01/12/2012 11:36:08 AM PST by Mind-numbed Robot
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To: Mind-numbed Robot
Buffet is a Leftist predator like many other liberals.

They say one thing and do another. They are selfish bastards who only pretend to care about others. Al Gore, Pelosi, the Clintons, the Obamas, and John Kerry, among others belong on the list.

33 posted on 01/12/2012 1:44:17 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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