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Thread: Buffett Gives Kids Foundations $3 billion

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Buffet isn't an economic genius, he's actually a cheat, nothing necessarily illegal but he does everything he can to impose more taxes on others while avoiding them himself. I hope he ****s up and gets nailed because frankly I hate the guy, and worse, I hate when he's held up as some kind of financial mind when he simply games the system.
    Buffett is undeniably a genius when it comes to investing. Envy and petty jealousy notwithstanding.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Buffett Gives Kids Foundations $3 billion

    Alright can anyone not find the parallels between Buffet and Romney?
    Buffet is being called scum for "legally tax dodging" which Romney also has done
    The difference between the two is Buffet is the one who has pledged to give away 99% of his wealth...
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Fruityfact View Post
    Alright can anyone not find the parallels between Buffet and Romney?
    Buffet is being called scum for "legally tax dodging" which Romney also has done
    The difference between the two is Buffet is the one who has pledged to give away 99% of his wealth...
    The difference is that Buffett gave his money to charity while Romney gave his money to his children.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by washunut View Post
    Buffett gives $3 billion to his kids' foundations - Aug. 30, 2012

    Found this interesting. Warren Buffett of the Buffett rule just passed along $3 billion to his kids through trusts he set up. Now this person who wants folks like himself to pay at least 30% of their income in taxes never paid a penny of taxes on this money. Now that the money is in trust, his kids will be able to live off the money while running their charities and avoided the inheritance tax.

    I find it interesting that someone who have gotten filthy rich by avoiding taxes for decades, both personally and at his company wants others to pay more.

    Just seems like another amoral person eager to spend other people's money.
    nope. not going to let you wipe the egg off your face
    you jumped to a wrong conclusion ... wrongly believing that this wealth was being passed to his kids
    it is being donated to the foundations they head. check them out:
    Buffett's son Peter, along with his wife, Jennifer, runs the NoVo Foundation, which is dedicated to fighting inequality and gender inequities. Another son, Howard, runs the Howard G. Buffett Foundation, which works in the developing world to improve agriculture and clean water delivery. Buffett's daughter, Susan, runs the Sherwood Foundation, which supports non-profits in his hometown of Omaha and funds early childhood education initiatives nationally
    no different than had he donated funds to united way or red cross or any number of charitable organizations
    Warren Buffett is doing as he promised. he's giving his wealth away so that good work can be done with it. in his interview with Koppel years back, he said he wanted his money to be used to do those things government cannot do. this appears to be consistent with that intent
    but leave it to the reich wingers to portray that massive gift to charity as something bad
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Buffett Gives Kids Foundations $3 billion

    Say what you may about Buffet's politics, the man is obviously a guru in his respective field and a humanitarian of the highest order. Tons of respect for the man.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hare View Post
    Say what you may about Buffet's politics, the man is obviously a guru
    Uh, no. Buffett is the very definition of a cheater, and he's no "guru".
    in his respective field and a humanitarian of the highest order.
    Sure is, I'm sure his sons will appreciate the 3 billion thier "charitable trusts" recieved.
    Tons of respect for the man.
    I hope the son of a bitch gets nailed.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Uh, no. Buffett is the very definition of a cheater, and he's no "guru". Sure is, I'm sure his sons will appreciate the 3 billion thier "charitable trusts" recieved. I hope the son of a bitch gets nailed.
    Why do conservatives always demonize success?
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Uh, no. Buffett is the very definition of a cheater, and he's no "guru". Sure is, I'm sure his sons will appreciate the 3 billion thier "charitable trusts" recieved. I hope the son of a bitch gets nailed.
    Many in the field of investment and finance in general would strongly disagree.

    In addition to these recent pledges, he also committed to donating a rather sizable chunk of his net wealth to the Gates Foundation and various other charities. 85% percent in fact, hardly an empty gesture by any measure.

    Nailed for what?

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Uh, no. Buffett is the very definition of a cheater, and he's no "guru". Sure is, I'm sure his sons will appreciate the 3 billion thier "charitable trusts" recieved. I hope the son of a bitch gets nailed.
    I spy three assertions.

    In case you were unaware, an assertion is a profound and emphatic statement.

    An assertion becomes an argument when evidence is presented

    Therefore, you have no argument, absolutely none at all, which is the worse thing you can do on this forum.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Uh, no. Buffett is the very definition of a cheater, and he's no "guru".
    You must hold the same opinion about Romney then?
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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