Warren Buffett epitomizes everything that is wrong with the global economy, and the U.S. economy specifically. He is the consummate crony capitalist, a brilliant yet conniving oligarch who intentionally plays on the gullibility of the masses to portray himself as one thing, when in reality he is something else entirely.
He publicly talks about how rich people need to pay more in taxes, then turns around and pioneers new ways for his company Berkshire Hathaway to avoid hundreds of millions in taxes. He thinks that by going on television stuffing ice cream cones and hamburgers in his mouth and acting all grandfatherly that no one will notice who he is really is and the incredible hypocrisy of his actions.
I’ve pointed out “Uncle” Warren’s hypocrisy previously on these pages, most recently in my post from last March titled: Crony Capitalist “Uncle” Warren Buffett Drives Company Profits Using Derivatives.
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I did'nt know you could use a 1031 for selling a business or is it for the rich only.
ReplyDeleteThe article speaks for itself, but it bears repeating.
ReplyDeleteWarren Buffet is a "conniving oligarch who intentionally plays on the gullibility of the masses".
And Democrats just love to quote his folksy snippets about taxes and fairness. Bull....
Another thing about Mr. Buffett, he amassed billions and ultimately gave much of it away. But he didn't give it to the Federal government to spend on his behalf. He gave it to the Gates' foundation, where he expects that it will be better managed and spent!
ReplyDeletewant a piece of that Warren Buffett Pie? Get off your dead ass on to your tired feet and work to attain as much as you can. I guess he thinks the government could handle the money better.
ReplyDeleteHe didn't give it away 9:01. He "pledged" to give it away. It's a bunch of bull.
ReplyDeleteOne thing to keep in mind, Buffett didn't make his money "in stocks." He made his money selling others people's stock in his fund. He's no great stock predictor.
As a matter of fact if you listened to him 10 yrs ago and invested $200,000 in his fund, it would only be worth $400,000 whereas people did the exactly opposite of what he said and now have 1.4 million in their portfolios.
As far as his people should pay more taxes mantra, if he really meant what he says he would pay more. There's even a department within the US Treasury that walks people through on how to pay more if they wish. I bet that department is really busy-LOL.