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Politics : The Trump Presidency
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To: Wharf Rat who wrote (50137)12/30/2017 4:25:22 PM
From: i-node  Read Replies (1) of 361595
 
>> Aug 15, 2011 - Warren Buffett, the third wealthiest man in the world with a net worth of about $80 billion, is demanding the U.S. government make the rich like him pay higher taxes and says they should no longer be protected like endangered “spotted owls.”

I remember it well. Most bogus, put-on bullshit I've ever seen. He doesn't give a shit about income taxes. He's no fool; he knows you don't pay taxes on appreciated property until you liquidate it. And he understands stepped up basis is fundamental principle of taxation that is not going to change. He gets it.

He's avoiding death taxes. Buffet understands more about allocating capital than any man alive. He doesn't want HIS money in GOVERNMENT'S hands.
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