alt.politics.economics

"Richard Eich" < @ > wrote in message
news: @ ...
> catalpa@ wrote...
>>
>> wrote in message
>> > buffet is a pragmatic conservative. that is he actually learns from
>> > his mistakes, and he is very careful.
>> > he is for a progressive taxation on wealth, he is for a minimum wage,
>> > he is for proper government regulations, he has endorsed unions, he is
>> > against deregulation and free trade. he has endorsed higher property
>> > taxes on those that can pay. he is for a estate tax on the wealthy.
>> > he has came out on these positions as he has aged. he has watched and
>> > learnt.
>> > to bad most conservatives, and no libertarians can absorb the logic
>> > that allows all to prosper.
>> >
>>
>> Buffet is not a conservative, he is a typical liberal who wants everyone
>> but
>> themselves to pay all the taxes.
>
> Utter bullshit. Buffet is on record as stating that taxes in his
> bracket are too low, that he is against the repeal of the estate tax,
> and that taxation should be progressive because those are the people
> who have benefitted most from a system they didn't create.
>
> Here, read up:
>


The utter bullshit is your response. What Buffet says and what he does are
two completely different things. The reality is that Buffet purposely
minimizes his tax burden. He has avoided many billions of dollars in income
taxes over the years by never selling shares of Berkshire Hathaway. By
paying himself an annual salary of only $100,000 instead of the tens of
millions of dollars he actually deserves he avoids many millions of dollars
in income and FICA taxes every year. He explicitly won't pay the taxes that
he wants everyone else to pay.

>> How can he be "for a progressive taxation
>> on wealth" whan he has paid zero taxes on his increase in wealth to $52
>> billion? He currently pays zero taxes on his wealth and will pay zero
>> taxes
>> on his wealth in the future.