tag:blogger.com,1999:blog-3758330678390419129.post5033339367754535593..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Harvard Prof Smacks Out Against Warren BuffettRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-57443519951767551352012-11-27T01:02:58.645-05:002012-11-27T01:02:58.645-05:00p, Buffett is playing the game, sucking up to his ...p, Buffett is playing the game, sucking up to his buddies in congress. If he proposed scrapping the income tax code, and instituting a flat 10% income tax and a one time wealth tax of 1% (applicable to everyone) he would be a pariah in DC. These parasites are in it for themselves, the American people be damned. <br /><br />Fuck them all. And fuck Buffett more than the rest for ruining his father&Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38101652060929256902012-11-27T00:13:41.860-05:002012-11-27T00:13:41.860-05:00I agree with you.I agree with you.phttps://www.blogger.com/profile/07668758129074440256noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83967779808086074622012-11-27T00:12:23.593-05:002012-11-27T00:12:23.593-05:00We are all created equal, under god, but we don...We are all created equal, under god, but we don't want to pay equal taxes. Some wants to pay more, some doesn't want pay at all. Why can't we pay a consumption tax, and totally abolish all other taxes? Buffet is trying to deal with the issue, the Harvard prof. Is dealing with Buffet. phttps://www.blogger.com/profile/07668758129074440256noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11808080428205660202012-11-26T18:48:01.041-05:002012-11-26T18:48:01.041-05:00Mankiw is not criticizing Buffet for lawful tax av...Mankiw is not criticizing Buffet for lawful tax avoidance; he is rightly criticizing him for posturing as an unselfish rich guy while publicly advocating increased tax rates that would leave him and his heirs largely untouched.Jonathan Jaechhttps://www.blogger.com/profile/10379443520888976176noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1509785505693838562012-11-26T18:30:46.774-05:002012-11-26T18:30:46.774-05:00Honestly we knew that this was the case. We knew i...Honestly we knew that this was the case. We knew it when the Occupy fools were running around calling themselves the 99% and ignoring Warren Buffett because he was "saying" that everyone should pay their "fair share". That just inferred that he was diverting attention from himself rather than being honest about his holding's and how his taxes are structured. <br /><br />Davidhttps://www.blogger.com/profile/06488483860138306993noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68716236829467365402012-11-26T18:16:32.972-05:002012-11-26T18:16:32.972-05:00http://money.cnn.com/2008/12/17/news/newsmakers/bu...http://money.cnn.com/2008/12/17/news/newsmakers/buffett.constellation.fortune/index.htm<br /><br />Then there was the time Buffett made $1.4 bn in warrants off Constellation when they got margin called in 2008.<br /><br />"In both cases, Buffett got rich dividends -- 10% annually -- and warrants to buy common shares at what at the time looked like depressed prices."<br /><br />While at Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-56834494959641200182012-11-26T17:41:28.159-05:002012-11-26T17:41:28.159-05:00I think tax avoidance within the law is smart, as ...I think tax avoidance within the law is smart, as is being law-abiding in general. The system we have is designed for this game-playing. You want a fair tax system? Such a thing cannot discriminate against rich or poor, and could only be undertaken by a flat (for example) 7% tax with no write-offs and no games. The trouble with America's brand of capitalism, besides the obscenely corrupt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90250486975778323902012-11-26T17:24:47.864-05:002012-11-26T17:24:47.864-05:00The government is broke in part from bailing out B...The government is broke in part from bailing out Buffet's bad debts. He's like a bad shoe salesman who somehow got a hotline to the white house. He knows bad times are coming, so he wants flush friends in Washington. Better to just make more thoughtful investment, Warren. <br /><br />Hi-diddly-ho-neighbor!Anonymousnoreply@blogger.com