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Buffett Boosts Own Morale with Hypocrisy

Derek85 Wrote: Nov 30, 2012 8:28 PM
Warren Buffett has created Charitable Trusts for each of his children. He ownes stocks that have appreciated considerably over the years but Warren never paid any income tax on them since he never sold them. Now he is donating them to his children's charities and taking a tax deduction for the current value. After his children's charities receive them, they will sell them and since they are charities they are exempt from tax. Warren takes a huge tax deduction, and passes the money on to his children, and never pays tax.
Wendy60 Wrote: Nov 30, 2012 9:57 PM
Buffett is on record as stating that he doesn't plan to give his money to his kids. So if this is true, and he lied about that, then he is a self-loathing POS.
Derek85 Wrote: Nov 30, 2012 8:30 PM
Then he accuses us of "not paying our fair share" and calls for even higher taxes on us, but never proposes a limit on charitable deductions.
Carlos_7 Wrote: Nov 30, 2012 8:44 PM
And the Democrat Media keeps their mouth shut.

Same old story.
DHWood Wrote: Dec 01, 2012 11:53 PM
Not just them, I'm sure the entire audience sat there sucking on bananas words.
That's how we get this. People are so stifled, subdued, so afraid of the instant police state action they know will immediately follow if they dare raise their voice to the endless stream of heroic liars on the stage, they just suck it, and apparently love doing it. Like at demorat campaign rallies.
When a spine was used and Obama got called the liar that he is, "disorder!" was declared and apologies demanded. The "polite elites" DEMAND the right to lie to everyone at any time.

The government revised upward its initial reading of third quarter GDP from 2 percent to 2.7 percent in a move that was widely expected by economists.

And everyone said “yawn.”

That’s because the GDP growth was more government puffery. The increase was borrowed or freshly minted money. The government merely accelerated spending, filing one hole, while digging another- deeper- hole, in Obama’s latest 60-year-same-as-cash financing offer.  

At least that’s what the markets have felt apparently- reacting with shrug to another wave of “good” news coming out of the government about how great things are for the folks back...

Related Tags: Hypocrisy