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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: mitch-c who wrote (42518)	2/22/2001 3:34:31 PM
From: daryll40	Respond to of 70976

I actually think Buffett is being totally honest. Listen, the man is 70 years old and has more money than he could ever spend IF HE TRIED. At this stage of his game, making public statements "for his financial benefit only" actually works against his full legacy as a man who is truthful. In other words, I don't believe that Buffett would encourage the estate tax in order to further enrich himself. I do agree, and you said it better than I, that smaller taxable estates generally have to sell infrastructure while larger ones have the estate tax planned for years in advance and work around it. That's why I agree to exempt the smaller estates...larger than the current exemption, but continue to tax the larger ones. WHile the tax obviously won't make Gates or Soros or Buffett's children poor, it is one check-and-balance to help prevent a concentration of wealth. Daryll40