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

BullAlert · May 5, 2008

Does anyone have information about Buffett's ownership in GE? He must own a sizeable block, to be using CNBC 24 HOURS A FREAKING DAY as his personal megaphone. "Look how bad the economy is.....while I buy everything in sight." A true dirtbag.

stock_trad3r · May 5, 2008

Buffet obviously is oblivious to the huge success of recession-proof companies like mastercard visa, google, apple, rimm, potash corp, first solar,

loik · May 5, 2008

Quote from commiebat:

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".

It`s more common in sports that the rules of the game are agreed upon, not so when it comes to a large governments expenditures.

bench 405 · May 5, 2008

Get hugely rich, pay little to no taxes, then proclaim publicly that tax rates need to be Higher, Higher, Higher! Public eats this up, makes him look to be on the side of the poor.

It used to be called "having your cake and eating it, too."

commiebat · May 6, 2008

Quote from loik:

It`s more common in sports that the rules of the game are agreed upon, not so when it comes to a large governments expenditures.

What do government expenditures have to do with anything? They don't send you a bill for the expenditures, they tax you according to the tax law. The tax law is public and there are many experts in the field who will sell you their time. If you understand the tax law, you know the rules of the game and you're ready to play.

Daal · May 6, 2008

Quote from commiebat:

What do government expenditures have to do with anything? They don't send you a bill for the expenditures, they tax you according to the tax law. The tax law is public and there are many experts in the field who will sell you their time. If you understand the tax law, you know the rules of the game and you're ready to play.

tell that to the people that are couting on medicare money in 10-15 years

Thermactor · May 6, 2008

Quote from bench .0045:

Get hugely rich, pay little to no taxes, then proclaim publicly that tax rates need to be Higher, Higher, Higher! Public eats this up, makes him look to be on the side of the poor.

It used to be called "having your cake and eating it, too."

I agree with you. He's a slimebag.

maxpi · May 6, 2008

Quote from commiebat:

What do government expenditures have to do with anything? They don't send you a bill for the expenditures, they tax you according to the tax law. The tax law is public and there are many experts in the field who will sell you their time. If you understand the tax law, you know the rules of the game and you're ready to play.

who the hell wants to deal with the tax laws? Who wants to build a business when people can use the laws to take it from your family when you die, if not before that. The disincentive to be productive is just huge. Who wants to work when the Socialists will take your money and give it to bottom feeders? I guess this all makes environuts happy because the general trend is towards greater total poverty and people don't use resources as much.

commiebat · May 6, 2008

Quote from maxpi:

who the hell wants to deal with the tax laws?

Nobody.

Who wants to deal with bad weather? Also nobody. You deal with it because it's there.

Who wants to work when the Socialists will take your money and give it to bottom feeders?

Lousy goddamn bottom feeders with their free roads and fancy policemen. Let them buy their own!

stock_trad3r · May 6, 2008

Buffet is overrated anyway. His latest picks have actually underperformed the market and he missed out on GOOGLE APPLE and many other great stocks.