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Old 10-26-2009, 07:42 AM
 
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"In a BBC interview, the Sage of Omaha criticised the huge rewards enjoyed by those in the financial industry and called for a more 'progressive' taxation system. The second-richest man in the world also sympathised with those who are furious with the bankers who helped to create the financial crisis."

Warren Buffett: the latest wit and wisdom | Business | guardian.co.uk

Nice excerpts from a TV interview with Buffett airing in the UK.

On taxes:

"I don't think society ought to count entirely on the goodwill of the rich to decide on the proportions that go back. So I believe in a very progressive tax on income."
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Old 10-26-2009, 07:46 AM
 
Location: Thumb of Michigan
4,489 posts, read 7,096,501 times
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Default Thanks for posting this.......

Quote:
Originally Posted by delusianne View Post
"In a BBC interview, the Sage of Omaha criticised the huge rewards enjoyed by those in the financial industry and called for a more 'progressive' taxation system. The second-richest man in the world also sympathised with those who are furious with the bankers who helped to create the financial crisis."

Warren Buffett: the latest wit and wisdom | Business | guardian.co.uk

Nice excerpts from a TV interview with Buffett airing in the UK.

On taxes:

"I don't think society ought to count entirely on the goodwill of the rich to decide on the proportions that go back. So I believe in a very progressive tax on income."
Yeah, i never liked the idea of a flat tax.
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Old 10-26-2009, 07:52 AM
 
34,990 posts, read 36,877,106 times
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I love Warren Buffett and his partner Charlie Munger - Ive held onto some BRK-B just to go to the amazing annual meeting every May (though didnt go last year). Everyone should buy one share and go to that meeting -- these guys arent going to be around forever.
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Old 10-26-2009, 07:54 AM
 
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Funny that Buffett him self is checked into for doing his business in a risky way...but of course having the president as your friend can become very handy...
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Old 10-26-2009, 08:06 AM
 
34,990 posts, read 36,877,106 times
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Quote:
Originally Posted by bentlebee View Post
Funny that Buffett him self is checked into for doing his business in a risky way...but of course having the president as your friend can become very handy...
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Old 10-26-2009, 09:24 AM
 
34,990 posts, read 36,877,106 times
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Quote:
Originally Posted by Blue Grass Fever View Post
Yeah, i never liked the idea of a flat tax.
Warren on taxes in 2007

YouTube - Tom Brokaw interviews Warren Buffett
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Old 10-26-2009, 10:33 AM
 
Location: Thumb of Michigan
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Quote:
Originally Posted by delusianne View Post
Thanks for that link!

Yeah, passive income should be taxed higher than linear income.
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