I think some of you guys incorrectly assume having great wealth equates to higher intellect. And I strongly disagree. I could think of plenty examples which show the exact opposite. The President of the US for example isn't considered the sharpest tack in the bunch. But he's quite wealthy. My point being is that; having acquired great wealth only tells you the indivdual was quite fortunate if not down right lucky. Taking advantage of lucruative oppotunities, extorting, manipulating, or even out right stealing isn't intelligence. It's being an opportunist, manipulator, extortionist etc. Although I respect Warren Buffet's accomplishments and would be honored to even meet him. I still think he's a bit of a shill for the left. His statement about his tax rate which he pays in constrast to his secretary is bullshit! His wealth is connected to the price of the his stock and all derivatives owned. But, his actually salary is $1. So of course his secrtary pays more in payroll taxes because she make $75K+. Mike Bloomberg does the same thing has mayor of NYC. [/QUOTE] "My point being is that;" "having great wealth equates to higher intellect."
I respectfully disagree. Carlos Slim has accumulated his tens of billions through being "lucky" and ruthless. Bill Gates has accumulated his through being a good businessman and a certain amount of "ruthlessness". This is different than Buffett, though, who through many decades and markets has picked dozens and dozens of differing investments with a very high probability of success and little to no monopolistic practices. This imo cannot be luck: it would be the equivalent of flipping heads about 80 times in a row...
========================= Daddy-x; Excellant [cash] post. And also disagree that Dems create a more fair, more equal society. Certainly not a more fair/equal society if you believe in right to life, or Jews for possession -firearms ownership,[JPFO] or 2nd ammendment freedom . Even though i voted for Democrat Carter for President/once. Also as a person i respect Buffet; simply disagree with his supporting hi-tax Hillary, & gov hi-tax Arnold.
First off, I am an Independent. I have voted for both parties as well as 3rd parties. I have to laugh when I hear people characterize a party or individual as pro-tax. Let's look to the past two term presidents that were proponents of "low taxes" Both Reagan and Bush II grew their deficits exponentially compared to most other administrations. The result? Don't fool yourself - a DEFICIT IS A DELAYED TAX. The question then becomes - "when we pay it off, not if." In that sense Reagan and Bush II are responsible for the biggest tax hikes we have or will ever see. Credit cards have minimum payments - grow the balance, and the payments rise. Comprende? Also, how are deficits created? By the selling of US Treasurys - that's right, the creation of money. And the result? Inflation - another tax by another name. Bush I "read my lips... no new taxes" practically had a gun to his head to reverse his position. Just as the next president - whatever the party - will. Either that, or the US Government gets downgraded. It amazes me how easily people are fooled Let's think things through here.
Bill ... Mafia roflmao Bill was a very smart guy and he saw the future, that's it that's all. Give the man credit for what he has accomplished.
oh, since buffet doesn't see a credit crunch then there just can't be one. that's how you make money telling everyone what you are doing . you bunch of boot lik'in dumbshits !!! livermore told everyone tooo! bgp
It does not matter what percent he has made doing what. When Buffett talks everyone listens. Influential people have a responsibility of doing what is right. Because you can legally take advantage of people who have lost their parents, does not mean it is proper and ethical. If he wants to ease his conscience at the end of his life, he should be fighting to repeal the death tax. Effortlessly giving to charity with money that you no longer have any use for is not enough, as anyone can do that. What you do during your life is what counts, not at the time of death. Influencing government, and the markets, at the expense of the people for one individual's personal gain is corruption. I have little respect for manipulators large or small. Would Buffett be worth nearly as much if his mouth did not move, if people did not follow as he says that he is doing?
His salary is actually $100,000 per year. He might be a billionaire but he is still just another man with an opinion... you don't have to agree with his choices or his views. I personally think he is a genius and a great human.