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Thread: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Buffet is a business and an investing genius. Who ever heard of such a wealth made by pure investments?

    However, his political hypocrisy is staggering
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by Proud South Korean View Post
    Buffet is a business and an investing genius. Who ever heard of such a wealth made by pure investments?

    However, his political hypocrisy is staggering
    As the CEO of a corportion his allegience is to shareholders. As a citizen his allegience is to his country.

    I don't see any hypocrisy, I see a guy that wears two hats based on his responsibilities.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by iliveonramen View Post
    As the CEO of a corportion his allegience is to shareholders. As a citizen his allegience is to his country.

    I don't see any hypocrisy, I see a guy that wears two hats based on his responsibilities.
    If he hadn't said what he said about taxes (which is actually a very different arguement than Obama is making) he would be slammed by the left for simply being another greedy corporation.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by 1Perry View Post
    If he hadn't said what he said about taxes (which is actually a very different arguement than Obama is making) he would be slammed by the left for simply being another greedy corporation.
    If he hadnt lied about his taxes this would have never been an issue and he wouldnt be a hypocrite. Of course, then his bedbuddy wouldnt have been able to use him as his justification for increased taxes on the wealthy.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    He shapes policy for the company and I believe he is a principle. So yes, he does owe money.
    Part of the purpose of having a corporation is to separate personal and business finances.
    The corporation is it's own entity.

    But the officers of the corporation are responsible for that company's actions, (and inaction).

    Quote Originally Posted by Aunt Spiker View Post
    You know - in mah town. We close down businesses who don't pay up.
    And we puts a sign on their doorsthat says "closed due to non payment of taxes" - nice bigole letters sos yous can see.
    Quote Originally Posted by LaMidRighter View Post
    Then do explain how a tax cheat...
    It's not clear that he is a tax cheat. Owing taxes is not the same thing as failing to pay taxes. There're legitimate ways to owe taxes that you have not yet paid.

    According to MaggieD's site, the money is a "potential future obligation to the IRS and other taxing authorities."
    That's actually a lot different than being a deadbeat in re your taxes as some people seem to think.
    I may be wrong.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by VanceMack View Post
    If he hadnt lied about his taxes this would have never been an issue and he wouldnt be a hypocrite. Of course, then his bedbuddy wouldnt have been able to use him as his justification for increased taxes on the wealthy.
    I don't recall the lie about his taxes.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by 1Perry View Post
    If he hadn't said what he said about taxes (which is actually a very different arguement than Obama is making) he would be slammed by the left for simply being another greedy corporation.
    I don't see why the two can't be separate issues.

    Are corporations structurally greedy and hold maximization of shareholder wealth as their top priority? Of course. Does that make them bad people? I would argue no, people with my leaning may disagree.

    When his own wealth which he is solely responsible for is in question, he's already donating vritually everything to charity on his death and is willing to pay much higher taxes.

    Don't get me wrong, I see why the right wants to smear his character. The guy is a brilliant capitalist, the JP Morgan of generation. The guy lives according to real conservative values, he's not flashy, has the same house since the 70's drives the same car for over a decade. Invests based on real conservative fundamentals. If he wasn't saying this people would point to him as WHY America is great. When his views fly in the face of conservative ideology you want to silence him or ignore his point.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by iliveonramen View Post
    I don't see why the two can't be separate issues.

    Are corporations structurally greedy and hold maximization of shareholder wealth as their top priority? Of course. Does that make them bad people? I would argue no, people with my leaning may disagree.
    With my position being that many would.

    When his own wealth which he is solely responsible for is in question, he's already donating vritually everything to charity on his death and is willing to pay much higher taxes.
    I wonder to myself.......I'm not saying it out loud mind you......Is it easy to take this position when you know that what you are argueing for has almost no chance of happening? D.C. is so reliant on money derived from capital gains, so would they ever piss of those who would be hit with higher taxes?

    Don't get me wrong, I see why the right wants to smear his character. The guy is a brilliant capitalist, the JP Morgan of generation. The guy lives according to real conservative values, he's not flashy, has the same house since the 70's drives the same car for over a decade. Invests based on real conservative fundamentals. If he wasn't saying this people would point to him as WHY America is great. When his views fly in the face of conservative ideology you want to silence him or ignore his point.
    Right now, neither side is taking any sort of actual actions that shows they are interested in his arguements.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    I wonder to myself.......I'm not saying it out loud mind you......Is it easy to take this position when you know that what you are argueing for has almost no chance of happening? D.C. is so reliant on money derived from capital gains, so would they ever piss of those who would be hit with higher taxes?
    That's a good point. Is he saying this for posterity? Carnegie would say the same sort of things then his right hand man would break heads during labor strikes. It's possible. I'd like to think there are decent people out there instead of always having an ulterior motive.

    Right now, neither side is taking any sort of actual actions that shows they are interested in his arguements.
    I agree with this but frankly there's decades of BS floating around to dispel. I always feel that when times are good, people don't really care about politics (in general). When times are bad, like now, is when people start asking questions and expect answers.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by iliveonramen View Post
    As the CEO of a corportion his allegience is to shareholders. As a citizen his allegience is to his country.

    I don't see any hypocrisy, I see a guy that wears two hats based on his responsibilities.
    What if those interests conflict?
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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