Warren Buffet wall to wall CNBC. Guy is a jerk.

[commiebat]

Quote from FightTheFuture:

OK, commie. You know what I'm talking about. Suppose the parents are superstitious or procrastinate and don't plan their estate well.

I agree. We should reward people who are superstitious or who fail to plan 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?

A business owner promoting his own business interests? The horror!

The government does not own, nor is it entitled to any of that private property after death.

You could say the same about any tax, but the government isn't going to stop taxing any more than Buffett is going to stop selling insurance. If you don't think estate tax is fair, come up with an argument that is specific to estate taxes.

Nor is Buffett entitled to buying property at half price when a company is forced to sell itself immediately to pay the IRS.

He's entitled to buy anything he wants at the going rate, and so is anybody else. It's not like he was the only person who had a chance to buy those assets, and if more people had expressed an interest they may well have driven the price up to almost fair market value. Do you buy companies when their stock is cheap, or do you let the opportunity pass you by because you don't feel entitled to get such a great bargain?

 

[FightTheFuture]

Quote from commiebat:

Empty Arguments

[/B]

None of your emotions hold up.

You are in favor of wealth being concentrated to a few rich persons or companies which is something the socialists say that they despise, but it is actually what socialism does. Only the rich can buy your parents' company. The rich get richer with the help of socialism.

A family-owned company that does not have enough money to buy back its own company! Hilarious! Only in a communist country does that happen! No wonder the communists in the US do not want to move to other communist countries, they've got it better here.

When your parents die, all the property, heirlooms, memorabilia, etc., suddenly belongs to the government or is up for grabs to the biggest, richest vulture? Hilarious! That's not yours because it belonged to your parents, it's mine! I've got more money than you do. I can buy all your parents' stuff and you can't have any.




The savings and investing rate is too low, so complain the socialists. So what do they do? They propose higher taxes. Does that mean less money to invest and save?

 

[piggie2000]

i swear i thought becky was going to suck warrens cock on tv today. that was disgraceful journalism. acting like warren is god

 

[commiebat]

Quote from FightTheFuture:

You are in favor of wealth being concentrated to a few rich persons or companies

I am? Thanks for telling me. I'll have to write that down, or I'll forget.

I guess if I favour taxing rich people (which I didn't even say, I was simply defending Buffett's right to hold that opinion), that proves I want the rich to get richer.

Only the rich can buy your parents' company.

Why is that the only alternative to estate taxation that springs to mind? And don't you think that sale would have similar horrific tax implications?

A family-owned company that does not have enough money to buy back its own company! Hilarious!

A company buying its own company? What are you even talking about?

That's not yours because it belonged to your parents, it's mine!

I think you mean "that's not yours because it belongs to someone other than you". That's the exact same rule we apply to all private property, and I'm sure it doesn't bother you when that rule prevents strangers from walking in your front door and claiming ownership of your house.

 

[loik]

Quote from commiebat:

I agree. We should reward people who are superstitious or who fail to plan well.



A business owner promoting his own business interests? The horror!



You could say the same about any tax, but the government isn't going to stop taxing any more than Buffett is going to stop selling insurance. If you don't think estate tax is fair, come up with an argument that is specific to estate taxes.



He's entitled to buy anything he wants at the going rate, and so is anybody else. It's not like he was the only person who had a chance to buy those assets, and if more people had expressed an interest they may well have driven the price up to almost fair market value. Do you buy companies when their stock is cheap, or do you let the opportunity pass you by because you don't feel entitled to get such a great bargain?

Why should people be punished for not being willing to adapt to the governments tax rules/regulations?

 

[Daal]

if berkshire shareholders werent a bunch of mindless sheep buffett would have gotten a big fat class action lawsuit for acting against the company interest giving his heart and soul to get cap gains up, he sure heck deserves it. its like coke ceo going to cnn and saying 'I really would like to see coke consumption going down worldwide'

 

[FightTheFuture]

Just not worth it.



I'll try one.

Quote from commiebat:

A company buying its own company? What are you even talking about?

The heirs that inherited the company are forced to sell the company to pay the estate tax. Upon death, the company practically is owned by the government. They do not have the money or assets to sell off to buy their own company back to keep working and operating it, so they have to sell it.

 

[FightTheFuture]

Quote from Daal:

if berkshire shareholders werent a bunch of mindless sheep buffett would have gotten a big fat class action lawsuit for acting against the company interest giving his heart and soul to get cap gains up, he sure heck deserves it. its like coke ceo going to cnn and saying 'I really would like to see coke consumption going down worldwide'

No doubt. Shareholders doing what their great leader is telling them to do. Each one must secretly dream of being in his will, so don't dare upset him.

 

[commiebat]

Quote from loik:

Why should people be punished for not being willing to adapt to the governments tax rules/regulations?

They're not. Except to the extent that you consider all taxation to be "punishment".

People are rewarded for structuring their affairs in tax-advantageous ways, because when you are trying to succeed at a game, you are rewarded for knowing the rules of the game and playing by those rules.

Look, I don't like paying taxes any more than anybody else. But they have to tax someone, and you're not making a very convincing case for "not the people with all the shiny things".

 

[wallstprodigy]

i like buffet and all but i agree i don't really want cnbc telling me every time this guy has to go take a leak.

that would honestly be consider "BREAKING NEWS" to them.