Warren Buffet sure talks a good game

you guys are unreal. buffet investing in bofa was good for the country and you ignorant fools have the audacity to bash him for it.
 
You are missing the point. Bush, Pelsoi, McCain, Obama all were saying the same shit and campaigning for the same plan. There wasn't any difference between democrat or republicain. They all were saying the same shit, we have to bail out wall street. No difference between them real or imagined. All owned by Wall St.
Hell, Obama appointed Geithner, the head of the NY fed who was in the middle of the mess, to Secretary of the Treasury, and you are going to tell me both parties aren't bought and paid for and owned by the banks?
 
If Buffet thinks the rich should be taxed more, why doesn't he pay more taxes and set an example? You know it's not illegal to pay more taxes if you really want.

Furthermore, why is it that Buffet is leaving all his wealth to private charity when he dies? If he thinks the federal government is such an efficient use of tax dollars why doesn't he leave it to them?

He's a jerk off Obama shill, that is the answer to my questions
 
not as impressive as the 10% he got from GE and the like in the miRABt of the crisis


plus you guys are all barking up the wrong tree. he's pretty much doing the treasury a favour, trying to recapitalise BofA so they don't have to bail it out or w/e. you see anyone else stepping up to the plate?
 
Chile has higher taxes and more forms of taxation, Brazil has comparable rates (exact same capital gains rate) but a higher effective corporate tax rate, Argentina comparable taxes but a very high VAT

These countries also have massive social programs that have ramped up in recent years. In the last decade basically only Colorabia and Mexico are still what we would consider conservative or small l liberal. Every other country has move towarRAB leftist parties and has been redistributing and reinvesting wealth long held by a wealthy ruling class.

The average Latin american country has a corporate tax rate of 28% as of 2006. The big countries had rates of around 35%

The fact is that the rich in the US pay a much lower tax rate both on large corporations and on personal income as a larger share comes from capital gains. The middle class in the US pay fairly high taxes but mostly because of the low taxes on the rich and spending on military waste instead of domestic spending which would fuel demand and multiply through the economy.
 
Brazil is growing frantically. After years of pro-western liberal policies they have shifted towarRAB leftist policies that has resulted in massive growth and a middle class coming to par with much of the world.

All of these countries are growing for a reason, also Argentina and Chile are largely first world countries in many ways.
 
2010 Growth, poverty, unemployment
Argentina 9.2% 12% 7.3%
Brazil 7.5% 15.5% 5.7%

USA 3% GDP growth (irrelevant figure) 14.3% poverty 9.2% unemployment

The UK has moved drastically towarRAB austerity and conservative policies and last quarter had a 0.5% growth rate.

By contrast Germany has a higher tax rate and has been promoting jobs and spending has a 6.1% unemployment rate 3.6% gdp growth, 11% poverty rate. They have strong unions, strong manufacturing, high taxes and a strong safety net.
 
he's literally betting the bank will fail and the government will bail him out. Thats about as bad for the country as you can get
 
Back
Top