I think investing at 11 years old and being an old as fuck billionaire means you have more intelligence/experience than any WF member, unless I missed a big chunk of his bio.
Warren Buffet On Taxes
- Thread starter AllBizNiz
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I think investing at 11 years old and being an old as fuck billionaire means you have more intelligence/experience than any WF member, unless I missed a big chunk of his bio.
TAXES?
ahh i fuckin lol'd
and lol @ buffet and such being the richest people in the world. these people are middle managers of real wealth. the simple fact that they're publicized as the world's wealthiest means they are most definitely not.
Actually no, its called a fact. Warren Buffett has more experience than anyone participating in this thread in two very important things; staying alive the longest on this earth and making and keeping the largest amount of money [facts]. Neither of us inferred that Warren Buffett is the only person capable of having an opinion on tax policy. You read into that and then argued against that position, as you seem to now often be in the habit of doing. Warren Buffett has however paid more in taxes then Wickedfire has (probably collectively), and has been responsible for and successful at managing very large sums of capital. It follows that his thoughts on monetary policies are something that reasonable people might find interesting even if they ultimately disagree. Nothing that I just said is fallacious.
He's a hypocrite. If he wants to pay more taxes, he could cut a check or take his income as salary instead of dividends.
and fica
we do get up close to 50% with sales taxes, sin taxes (on consumption), income / property taxes, and fica
Buffet has always made very down-to-earth comments about investing. But his comments on the downgrade don't ring true. Sounds more like he is trying to pump and dump.
The numbers don't lie - the U.S. can never pay its liabilities without printing more fiat money and totally debasing the currency. Apparently Buffet doesn't care about that. But that has been proven many times to be the road to ruin for nations.
The numbers don't lie - the U.S. can never pay its liabilities without printing more fiat money and totally debasing the currency. Apparently Buffet doesn't care about that. But that has been proven many times to be the road to ruin for nations.
this is right on the money. And it is that way on purpose...
also why tax education and other important subjects are never taught. It should be mandatory gawddamn it!
The US government spent $3,077 per person on health care while the Netherlands government spent $2,785. (year = 2006)
Bottom line? Here's one: I don't buy for a moment that an 80-year old who's shown zero interest in helping anyone but himself and Berkshire shareholders (and please understand, I have no problem with Warren Buffett ... I'll admit I'm more interested in learning about his success than critiquing/criticizing his politics) is suddenly concerned with the economic welfare of American society at large.
His endorsement of Obama alone is motive enough for these unusual (for WB) political opinion pieces. In the past the only thing anyone wanted to read from Buffett was his shareholder letters, which would move markets.
Interestingly, here's Buffett in Feb 2008, foreseeing the long-term (10 years) decline of the dollar:
Buffett Foresees Dollar's Long-Term Decline, Seeks Acquisitions Overseas - Seeking Alpha
And in May '08 Buffett threw his weight behind Obama, and the only reason he cited was that he believed that an Obama presidency would strengthen the dollar. Got that? If Warren Buffett wants to do Obama a solid, it's gonna sound nice and fiscal.
Yet sprinkled in the public record of Buffett statements both before and after his official endorsement of Obama were sentiments of America achieving "social justice", ie. redistribution of wealth - I can't interpret "social justice" any other way than that. Of course at the press conference, it was about the dollar.
Buffett can make money like no motherfucker on earth, but he's not particularly a political genius. He's a homer for Obama for reasons that are not budgetary in reason
Oh and for what it's worth, here's Buffett in 2009 apologizing to investors for doing stupid things in 2008:
Billion-Dollar Whoops: Buffett Apologizes - ABC News
I love it. Without question, one of the most successful entrepreneurs on the planet, and some of you guys pass him off as an idiot who doesn't know what he's talking about.
He gave 80% of his life savings away to charity, mainly the Bill & Melinda Gates Foundation.
He gave 80% of his life savings away to charity, mainly the Bill & Melinda Gates Foundation.
But dude, he makes the internet monies with the SEO so he must know everything. (basically how every wfer thinks when debating on sts)
I literally have no idea what you're talking about or whether or not you're agreeing with me, but party on.
I'm not calling him an idiot. He knows exactly what he's doing, and it's all for his own benefit, not the poor or the american people.
Warren Buffet is an old guy already, he does not need his billions to stay alive. I think he is in a stage wherein he want to give back to his country or perhaps want to help a country that is in deep debt to the tune of trillions of dollars.
This is like saying a brain surgeon is obviously very smart, so he should be fine to operate on your colon. It's possible, but I wouldn't want this guy up my ass.
Thanks but we all got the "Buffett's billions > anyone here" memo.
Just because I question his motives doesn't mean I'm calling him an idiot. What I wrote is as plain as day, you have no basis to say that stuff.