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Buffett Gives Kids Foundations $3 billion

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.
 
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?
 
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?
 
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.
 
Many in the field of investment and finance in general would strongly disagree.
I worked in financials as an insurance professional, and was studying for advanced licenses, most of my colleagues agreed with me. Buffett doesn't actually do anything more correctly than anyone else, he throws tons of money at manipulating markets, dodges taxes using very expensive accountants that the rest of us didn't have. And is an outright cheat, of course he wants more taxes, because his competition can't afford to dodge them. Buffett is a lying POS.

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.
Rich guy donating to a trust run by another rich guy. I'm sure there are more deserving people who could use that money if the wallet is getting pried open.

Nailed for what?
For starters, that sizeable BH bill from the IRS that the firm is trying to dodge. Secondly, if he tried a dodge and didn't cross a t correctly I hope they give him every second behind bars.
 
Uh, no. Buffett is the very definition of a cheater, and he's no "guru".

I know you ignored me, but i must ask again..
do you hold the same opinion of Romney then?
 
I worked in financials as an insurance professional, and was studying for advanced licenses, most of my colleagues agreed with me. Buffett doesn't actually do anything more correctly than anyone else, he throws tons of money at manipulating markets, dodges taxes using very expensive accountants that the rest of us didn't have.

And is an outright cheat, of course he wants more taxes, because his competition can't afford to dodge them. Buffett is a lying POS.

Rich guy donating to a trust run by another rich guy. I'm sure there are more deserving people who could use that money if the wallet is getting pried open.

For starters, that sizeable BH bill from the IRS that the firm is trying to dodge. Secondly, if he tried a dodge and didn't cross a t correctly I hope they give him every second behind bars.
Berkshire stock happened to have around a 75 percent return rate for the previous decade, indicating that Buffet may know a tad bit more than the market at large.

This "trust fund" you speak of just so happens to allocate billions of dollars to further agricultural development in starving parts of the world, subsequently saving or improving the livelihoods of millions and millions of individuals. Can't think of a more noble cause off the top of my head.

I know little of the details surrounding the case, so I'm not keen on making knee jerk, half cocked judgements about the man's character based on hearsay and accusations, unlike some residents of the peanut gallery.
 
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.
I might fault him for trying to play "do as I say not as I do" but I am not going to fault him for giving money to his kids charities.
 
Berkshire stock happened to have around a 75 percent return rate for the previous decade, indicating that Buffet may know a tad bit more than the market at large.

This is LMR's idea of debate: "I'm an expert and all the experts I talk to say...."

Of course the truth is that Buffett is the Babe Ruth of investors. He has put up astonishing returns over a period spanning more than 60 years -- long before he had the cash to move markets.
 
I worked in financials as an insurance professional, and was studying for advanced licenses, most of my colleagues agreed with me. Buffett doesn't actually do anything more correctly than anyone else, he throws tons of money at manipulating markets, dodges taxes using very expensive accountants that the rest of us didn't have. And is an outright cheat, of course he wants more taxes, because his competition can't afford to dodge them. Buffett is a lying POS.

LOL. Well he must be doing something differently than you... :roll:
 
So your theory is that Buffett gave $3 BILLION to these charitable trusts in order to avoid tax on several MILLION dollar "gifts" to his children? How ****ing stupid do you think Warren Buffett is? Hint: not that stupid.

You really are not to speed on this so let me help. Buffett benefits by the following:

- Current year charitable tax deduction at his marginal rate that is worth $1 billion
- Gives the stock away so he pays no capital gains tax, benefit $400 million
- Avoids the inheritance tax which is slated to be 55% over 5 million $1.6 billion
- Kids and grandkids get to put their snout in the trust in perpetuity ????
- Buffett gets another gold star as the saint of industry Priceless

So he gets back at least the entire $3 billion and looks like the nicest guy on the planet.
 
I find that interesting because I heard him interviewed several years ago, and he indicated his children would not be receiving any more of his wealth. Flip. Flop. :rofl

Perhaps he's doing that in anticipation of the inheritance tax being re-instated for, at least, people in his stratosphere.

Everybody lies...

The money is for the charities they run. But go ahead..... go back to your demonizing the rich. It's far better than worshipping them

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.
 
I might fault him for trying to play "do as I say not as I do" but I am not going to fault him for giving money to his kids charities.
I do fault him for it, he is willing to shill for more people to lose money but like the fat hypocrite he is takes every shortcut and advantage he can afford. I cannot stand Buffet for the reasons that he wants to say it's okay to tax ridiculous amounts of money while stacking the deck for himself. If he followed his own words I wouldn't have a complaint.
 
The money is for the charities they run.
And that pay them well. Let's not forget that Buffet could have given to other charities without any gain to himself, but shelter his kid's inheritance through their foundations. Had anyone else but the poster blimp Buffet done this the same people defending the jackass would be demanding prison terms for him. Like I have said here if his nose is clean whatever but if he broke one law or screws up the scheme I hope he gets every second of punishment.
 
Leave it to Republicans to find a reason to attack a guy who is giving away 99% of his fortune to charities. What percentage of his fortune has Romney pledged to charity so far?
 
If more of these billionaires were this generous, we wouldn't need so much taxation.

Deducting charitable contributions is the kindest way to avoid taxes. It's true that some foundations pay their directors handsomely but unless you know that is the case here, what he has done is marvelous.
 
Leave it to Republicans to find a reason to attack a guy who is giving away 99% of his fortune to charities. What percentage of his fortune has Romney pledged to charity so far?
Buffett isn't giving away 99%, he's shifting it to his children's charities, there should be further questions asked of motive. Romney isn't advocating people being taxed more, while Buffett is, all the while sheltering his money. It isn't about Republican/Democrat it's about a little fat man who games the market while trying to keep others out of it.
 
Buffett isn't giving away 99%, he's shifting it to his children's charities, there should be further questions asked of motive. Romney isn't advocating people being taxed more, while Buffett is, all the while sheltering his money. It isn't about Republican/Democrat it's about a little fat man who games the market while trying to keep others out of it.

More nonsense. Buffet has pledged 50% of his fortune to Bill Gates' foundation and the rest to various foundations. That much is a fact:

The Giving Pledge

In 2006, I made a commitment to gradually give all of my Berkshire Hathaway stock to philanthropic foundations. I couldn't be happier with that decision.

Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50% of their wealth to charity. So I think it is fitting that I reiterate my intentions and explain the thinking that lies behind them.

First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day.

Millions of people who regularly contribute to churches, schools, and other organizations thereby relinquish the use of funds that would otherwise benefit their own families. The dollars these people drop into a collection plate or give to United Way mean forgone movies, dinners out, or other personal pleasures. In contrast, my family and I will give up nothing we need or want by fulfilling this 99% pledge.

So again I ask, how much has Mitt Romney given away in charity? :)
 
More nonsense. Buffet has pledged 50% of his fortune to Bill Gates' foundation and the rest to various foundations. That much is a fact:

The Giving Pledge



So again I ask, how much has Mitt Romney given away in charity? :)
Okay? So Buffett is going to give money when he's done with it, but in the meantime his kids charities are going to be the beneficiaries of 3B$ when he has said "they get nothing". This doesn't raise any questions of integrity? As well, the standards I've seen people hold against "the rich" are all behaviors Buffett himself engages in, he's a hypocrite.
 
Okay? So Buffett is going to give money when he's done with it, but in the meantime his kids charities are going to be the beneficiaries of 3B$ when he has said "they get nothing". This doesn't raise any questions of integrity? As well, the standards I've seen people hold against "the rich" are all behaviors Buffett himself engages in, he's a hypocrite.

Ah, so less than 10% of Buffet's net-worth being potentially in the future, not factually in the present, used for other purposes by his kids, make him a factual hypocrite? Okay. How much of his millions has Romney given away to charity yet? Anything at all? This is the third time you dodge the question.
 
Ah, so less than 10% of Buffet's net-worth being potentially in the future, not factually in the present, used for other purposes by his kids, make him a factual hypocrite? Okay. How much of his millions has Romney given away to charity yet? Anything at all? This is the third time you dodge the question.
I don't give a care about Romney's giving, the thread isn't about him. What really makes me laugh is that Buffett is everything the left claims to hate, but he gets a pass because he is towing the party line. Frankly I could care less about Romney, he wasn't in my favored candidate list and I still haven't gotten past his tactics in the primaries. Now, I admire true charitable giving, and I admire earning whatever one can by honest means, as well I admire integrity, none of which I see in Buffett.
 
I don't give a care about Romney's giving, the thread isn't about him. What really makes me laugh is that Buffett is everything the left claims to hate, but he gets a pass because he is towing the party line. Frankly I could care less about Romney, he wasn't in my favored candidate list and I still haven't gotten past his tactics in the primaries. Now, I admire true charitable giving, and I admire earning whatever one can by honest means, as well I admire integrity, none of which I see in Buffett.

No, what your presence in this thread has been about is you being on your usual tyrades against buffet. You must really be bothered at the notion that one of your revered 'job creators' as you've called them, has asked for others like him to be taxed more. So you find a place where less than 10% of his net-work could be used in a less than ethical manner and all of the sudden his "hypocrisy" is a fact. Spare me the partisanship.
 
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