SMALL PEOPLE AGAINST BIG GOVERNMENT 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. While that was pretty blatant hypocrisy, Buffett’s latest elaborate scheme to avoid $400 million in capital gains taxes from the disposition of a large chunk of Berkshire Hataway’s Washington Post stake (which was acquired in the 1970s for $11 million) absolutely takes the cake. The Street published an excellent article on the topic. Their conclusion at the end of the piece says it all: Bottom Line: Warren Buffett is pioneering new ways to avoid capital gains tax, even as he is President Obama’s richest spokesperson for progressive income tax policy. libertyblitzkrieg/2014/03/17/more-hypocrisy-from-warren-buffett-as-he-structures-deal-to-avoid-400-million-in-taxes/ #Crony #Capitalist #Cronyism #Taxes #Money #corruption #Buffett Very interesting take on Warren Buffet.......Barb Leonard
Posted on: Tue, 18 Mar 2014 21:03:53 +0000
Trending Topics
Recently Viewed Topics
© 2015