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Thread: Buffett Gives Kids Foundations $3 billion

  1. #81
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    I have a problem with the double standard, Buffett is one of the most unethical money men in our time, right up there with George Soros. There are laws passed that created monopolies for Buffett's Berkshire Hathaway corp., market manipulation, and outright tax dodging but he gets a pass because he tows the extreme left positions and talking points. If a Republican/conservative/libertarian did the same thing people would be calling for a firing squad, and frankly I would be saying the same thing. I love when people can make millions and billions ethically, Buffett isn't that, as well he could have given that money to any charity, kind of funny it went to those run by his kids.
    There's also the double standard where anyone who brings up taxing the rich, Mitt Romney, or any financial questions about wealthy people in general, they are labeled by conservatives as "demonizing success", etc etc. But, when Warren Buffet is brought up, the same sort of people who yell that liberals "demonize success" are doing exactly that with Warren Buffet.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by zstep18 View Post
    There's also the double standard where anyone who brings up taxing the rich, Mitt Romney, or any financial questions about wealthy people in general, they are labeled by conservatives as "demonizing success", etc etc. But, when Warren Buffet is brought up, the same sort of people who yell that liberals "demonize success" are doing exactly that with Warren Buffet.
    Many are fine with Buffett's success. It is interesting though that the champion of Obama's increase taxes on others policy does everything he can to avoid paying any taxes himself. He understands that the money spent is better off in private organizations like the Buffett foundation than sending it off to Washington.

    Why you have so much trouble understanding this may be the topic of another thread.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by washunut View Post
    Many are fine with Buffett's success. It is interesting though that the champion of Obama's increase taxes on others policy does everything he can to avoid paying any taxes himself. He understands that the money spent is better off in private organizations like the Buffett foundation than sending it off to Washington.

    Why you have so much trouble understanding this may be the topic of another thread.
    That's my whole point. I'm actually holding Buffett to ethical standards and his own words and being very consistent. I don't care if Buffett ethically makes as much as possible, in fact I encourage it. But when someone starts using money to exlude the competition of manipulate the market they have violated ethical standards, even when done so legally.

    I likewise don't care if Buffett thinks the wealthy need to pay more taxes, as long as he leads by example. The Buffett lie "my secretary pays more taxes than me, that's not fair" when the truth is his secretary makes +200K a year, has two houses, etc. while Mr. Buffett pays himself a smaller base salary and takes the rest of his income at lower taxed capital gains, even then he pays a larger bill than his secretary but a smaller percentage.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by iguanaman View Post
    LOL Only if you disagree with his politics though. Romney taking amnesty for his illegal Swiss account is just fine with you. The Koch Bros, funding pseudo science "studies" disproving global warming is OK with you too. You just hate when rich people act out of patriotism and generosity because it make the greedy SOB's on your side look bad.
    When did Romneys Swiss account become illegal?

  5. #85
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by washunut View Post
    Many are fine with Buffett's success. It is interesting though that the champion of Obama's increase taxes on others policy does everything he can to avoid paying any taxes himself.
    Quote Originally Posted by LaMidRighter View Post

    I likewise don't care if Buffett thinks the wealthy need to pay more taxes, as long as he leads by example.
    You'll both be heartened to know that Buffet has voluntarily written checks to the treasury in addition to his normal tax burden.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hare View Post
    You'll both be heartened to know that Buffet has voluntarily written checks to the treasury in addition to his normal tax burden.
    After he got called on the tax dodges. Sorry, not sufficient.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hare View Post
    You'll both be heartened to know that Buffet has voluntarily written checks to the treasury in addition to his normal tax burden.
    he paid taxes on money he gave away last week? How much, I doubt this is true.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by washunut View Post
    he paid taxes on money he gave away last week? How much, I doubt this is true.
    The guy is sort of right, Buffett did volunteer additional revenues to the IRS, but it was in response to his tax shelters being exposed after his whole "My secretary pays more..............." bull**** he spewed prior.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    After he got called on the tax dodges. Sorry, not sufficient.
    Few important distinctions to make, Berkshire Hathaway's financial practices are overseen by a board of directors, consisting of a handful of members not named Warren Buffet, meaning Buffet is not exactly in the position to act outside of the general will and consensus of the remaining members, and the taxes in question are of the corporate sort, which renders your accusations of tax dodging on Buffet's behalf absolutely bunk.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    The guy is sort of right, Buffett did volunteer additional revenues to the IRS, but it was in response to his tax shelters being exposed after his whole "My secretary pays more..............." bull**** he spewed prior.
    Do you know when that was and the amount. Did he pay the inheritance taxes that would be owed under Obama's proposals.

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