If billionaire Warren Buffett doesn't like it....
..then it probably is not a good idea. He knows how economies and industries work and he doesn't support this bill because it is "regressive"...meaning everyone pays for it. He warns us that everyone "will be paying a lot more for electricity."
Posted by Phil Jennerjahn @ 6/30/2009 01:25:00 AM
11 Comments:
Right on. I take all of my advice about proposed taxes from billionaires. Doesn't it suck that "everyone" will be paying more for electricity?
What's the matter Warren? Can't find any way of getting out of having to pay your share?
If you knew anything about Buffett, you would know that he actually cares about the general public, unlike other Billionaires.
As I recall, he was against some of Bush's tax cuts, because he said he hardly had to pay taxes anymore. He had one caviat...he agreed to be taxed more, if other corporations and billionaires would also be taxed more. He was very concerned about the US government being strong financially and wanted to pay his fair share. He was constantly complaining that he paid less taxes than people with far less money.
He has also irrevocably contributed his billions to charity (primarily the Gates Foundation, which is working to eradicate diseases in the poorest countries), rather than leaving it all to his children.
He lives a far simpler, humbler life than other billionaires, continues to work, has made many people rich through Berkshire Hathaway, and cares enormously about this country and its hard working people. His wife, who passed away, was quite liberal, and that had quite an impact on him.
He's good friends with Bill Gates, and I would speculate that's why Gates has become so generous and less focused on being the richest man in the world...it doesn't make you happy and we're all going to die anyway, so might as well leave the world a better place and help people out.
Oh, I meant my comment for 1:57, in case it wasn't clear.
Nothing here is news; this is a statement of the obvious.
Buffett had the election wrong; this he gets right.
A programming note.
To the disturbed individual(s) who make something on the order of 100 personal attacks daily through the comment function on Mayor Sam:
Mental health is not something to make light of. From the tone and content of your daily litany, you've obviously got an anger issue and you are clearly obsessed. You may also have a personality disorder.
Before you hurt yourself anymore or you hurt someone else, please get yourself some serious professional help.
We absolutely will not be publishing your most violent cries for help.
We do recognize that some of the other comments we do publish are yours. Among your other obsessions, you seem obsessed with "tricking" the moderators by switching your tone and/or position on an issue. We're not fooled, and this obsessive behavior of yours is obviously very very unhealthy.
Please get professional help.
What's really disturbing is that some of the rest of us are trying to comment but you're not posting our comments either.
Buffet's the corporate raider, right? the guy who took over Motorola?
if you are getting "more than 100"
such comments PER DAY how come your rankings are falling thru the floor?
blogger counts each and every visit by any computer, including the same computer. if your assertion is accurate, then it should be boosting your ranking not letting it drop. (I am an infrastructure architect so I do know what I am talking about)
provided that the comment is posted.
@1:26
I've never heard Buffett described as a "corporate raider".
He typically buys whole companies or large chunks of companies, holds them for the LONG term, and keeps the management team...he buys them because he likes the way they are being run.
He buys boring companies or big parts of them like railroads, Coca Cola, insurance companies...not technology.
He ventured into technology...I believe by buying a chunk of Microsoft...lost a lot of money, and I believe he sold it all. Then, he said, that he'll stick to businesses he understands...he does not understand the businesses or valuations of tech stocks.
I don't remember him ever buying Motorola...that's a tech stock, also a cell phone stock. Buffett buys boring stuff...not any exciting companies.
I live in Kansas, married to a Nebraska girl. We had a family campout/reunion one year in Louisville South of Omaha. a few of my in-laws after a few brews and too much volleyball suggested we go see where Warren buffet lives. I jumped in the pickup and stood outside the Wizard's homestead. By CA standards you would be aghast at the place. It is palatial,yes and in keeping with the upscale neighborhood, but by no means is it the kind of glitzy environs someone of Buffet's status would be expected. I trust this guy because I've seen where he lives. That my friends is simple Midwest logic.
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