Monday, September 19, 2011

"The Buffet Plan"

Thomas Fleming writes, "I'd be ticked pink if all the Warren Buffets of America could be taxed out of their dirty business" — Getting Real Again. "What has Mr. Buffet ever manufactured, what has he ever done worth doing?" the arch-paleoconservative asks. "He is a money-manipulator like George Soros, the sort of person our ancestors despised. Take all their money, I say, and leave real businessmen–who make, distribute, and sell things–alone."

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4 Comments:

OpenID danightman said...

Of course, like much of what comes from the mouth of these Billionaires, it is spoken with fork tongue.

While his tax rate may be lower than his secretary's, that's because he's not paying income tax. He's taking a 100,000 salary that's taxed as dividends, which puts it at 15%. If the "millionaire tax" is passed, it won't really affect him or his company, but it will affect many who have LLC's and self-run companies that are moderately successful.

That, of course, is the real reason for Buffet's flickings.

September 20, 2011 at 8:53 PM  
OpenID danightman said...

Oh, here is the article on that subject.

September 20, 2011 at 8:55 PM  
Blogger love the girls said...

This comment has been removed by the author.

September 21, 2011 at 8:29 AM  
Blogger love the girls said...

Nice article. I've long called them paper pushers, but 'money-manipulators' is a much better description.

"it has been an American dream to be rich enough to commit any sin we like with impunity. Such people do not seek humility from their mirrors but look into their flickering screens and see themselves as celebrities who transcend the laws of right and wrong. For them, there is no God but Mammon, and Warren Buffet(sic) is his prophet."

Thomas Fleming / Chronicles Magazine April 2010
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Some years back visiting the in-laws in Omaha I was rather surprised at how they worship the man and hang on his words at his annual stock sharers meeting.

September 21, 2011 at 8:37 AM  

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