Buffet is the biggest hypocrite in the country. Possibly in the history of the country. He wants people earning middle class salaries to pay higher taxes, and he gives obama and other leftwingers a patina of respectability. He's always shooting his mouth off about corporate responsibility and good management. Yet he's ok with the Coke execs shamelessly ripping off shareholders. Now he's bankrolling inversions.
Don't forget his moodys allowed wall street to rip off worker's pension funds. I believe it happens like this. Those who make a lot of money attract the attention of the guys who print the money for free with their private bank. If you are willing to be their spokeswhore they get you extra rich. But then you sometimes have to be willing to go out on camera and be the most two faced son of bitch piece of slime imaginable. I imagine many say thanks but let me keep a low profile... I won't say what I know in exchange for insider deals. Others say... bring on the camera's I will put on a show that would even embarass pelosi reid or ryan or boehner.
I'd be curious to hear the response from corporate America if Obama said, fine we're cutting taxes, but I'm going to have a meeting with Janet and we're stopping the free money at the Fed window. We're not only cutting taxes, we're going flat tax. Great, right. Except that means no more loopholes for you to exploit. Means everybody pays. The average American is not participating in this raging bull market. A market clearly pumped up and financed by the very government that the market/corporations claims to hate. I'm all for the carrot/stick plan. Share some of this wealth and hire someone, give some raises, increase benefits and you get a cut. Don't and we'll tax you into bankruptcy. Take your business overseas and we'll levy a import tax so heavy you won't sell a thing. Not that I ate BK's shitty burgers, but now they have no chance of seeing my business, and as always, stick your phony patriot flag lapel up your ass.
I am trying to decide what my response should be. they should be putting pressure on politicians to lower taxes rather than leave but is it wrong to leave if they feel like they are getting irresponsibly taxed?
The government has its foot on the accelerator and brake at the same time. Zero interest rates but it is hard to get a home mortgage unless you have very good credit. Easing credit standards would do more for the economy than low rates, but they don't do it. Ever wonder why? Zero interest rates allow Obama to hide the true cost of government. We run humongous deficits, issue bonds to pay for them and then the Fed "buys" the bonds. Actually they just print money for them. If we ever get back to normal rates, the federal deficit will explode. How long will it take? Who knows. The history of bubbles is they go on longer than expected. That's what makes them bubbles. The Fed created the real estate bubble in its misguided effort to alleviate the stock market bubble of the '90's. Then we got the bond bubble as the result of their effort to spare anyone any pain from the real estate bubble. What's next? Probably a commodity bubble as paper currency is seen as essentially worthless.
Corporations don't directly benefit from the money printing. In fact, many of them would prefer the Fed get the F out of the markets (outside of the banks, that is). You could argue that it is much easier to issue corporate debt in this environment (it is) but most corporations that actually produce something would prefer the input cost volatility to end.
Land Of The Free hikes fee to renounce citizenship by 422%. http://www.forbes.com/sites/robertwood/2014/08/28/u-s-hikes-fee-to-renounce-citizenship-by-422/ Good ol abe Obama says you ain't leavin with your money. :eek: What a coincidence!