Warren Buffet wall to wall CNBC. Guy is a jerk.
- Thread starter seasideheights
- Start date
The tax increase he advocates isn't for charitable people like him. Charitable rich people can always find somewhere good to put their money.
He wants all the other rich people who are not as charitable as him to pay their fair share for the infrastructure of the country that allowed them to make their fortunes in the first place.
Buffett's not an idiot. He knows someone has to pay for roads and air traffic control and the FDA and all those other things the government does. All he's saying is to take the money from people who have the money.
ya are just a bunch of jealous crackers.
Here's a question for you, Buffett.
So, Buffett, in a family-owned business, upon the parents' death, the children who worked 30 years to also build that company did not earn the right to keep 100% of that company?
Let's see, now why would Buffett be so interested in keeping the estate tax.
Could it be that Buffett benefits greatly by this tax?
Everything the bluffer says or does benefits him. He owes much, some say most of his wealth because of the estate tax.
When Bluffett smells death, he purchases family owned businesses being forced to sell at bottom prices to quickly pay off The Death Tax.
Families can avoid some of this tax by purchasing policies that are tax free on death from Bluffett's life insurance companies that depend on The Death Tax.
http://www.humanevents.com/article.php?id=15951
Well now, that depends. Do the children own the family business, or did they simply w**k for it?
People who w**k for a company don't earn the right to own the company. No matter how long they w**k. The cashier at McDonald's doesn't get to keep the company when Ronald dies.
If the children already own the business, they "earned" the right to keep it. If the parents wanted the kids to keep it, they'd have made sure the kids owned it. That's called estate planning.
If the parents own it when they die, they can do what they want with it in their will, but it's no different from anything else they own. Sentimental property is still property.
OK, commie. You know what I'm talking about. Suppose the parents are superstitious or procrastinate and don't plan their estate well.
Did you read the article how Buffett enjoys the benefits of the system? Do you see why he promotes the estate tax for the benefit of his company?
You see nothing wrong with Buffett promoting the estate tax so that his insurance companies may profit from being used as a loophole to avoid paying some of the tax?
The government does not own, nor is it entitled to any of that private property after death.
Nor is Buffett entitled to buying property at half price when a company is forced to sell itself immediately to pay the IRS.