Warren Buffet wall to wall CNBC. Guy is a jerk.

Discussion in 'Trading' started by seasideheights, May 2, 2008.

  1. Obama continually cites BUFFET as the guy who told him it was OK to raise capital gains to the 20%-25% range.

    Buffet isn't my friend.

    CNBC's wall to wall buffet is sickening.
  2. Just because he feels that he has enough money to be taxed like a European doesn't mean that the rest of us feel the same. Those high-tax parrots are disgusting people who want to punish success.
  3. Relleum


    more incentive to be trader, rather than an investor

  4. Daal


    more incentive to trade through a corp in some tax heaven island and pay nothing instead
  5. lindq


    Amen to that! Many tax benefits to being an independent trader.
  6. Amen to this!
  7. bawr


    In certain European countries, like Belgium, Bulgaria, Netherlands, and Switzerland, people pay 0% capital gains tax. In some other European countries, capital gains are taxed more favourably than ordinary income:

    Estonia: 20%
    Finland: 28%
    France: 16%
    Germany: No tax if held more than one year.
    Hungary: 20%
    Iceland: 10%
    Ireland: 20%
    Italy: 12.5%
    Norway: 28%
    Poland: 19%
    Sweden: 30%

    So European style capital gains tax isn't so bad. I personally think the US should adopt the Swiss model.
  8. Surdo


    Most of Buffet's personal income is derived from dividends, why should he give a rat's ass?
  9. Never heard Bluffett promoting higher taxes while he was taking advantage of lower taxes.

    He must figure now that he won't be around much longer, so as a parting gift to us all, our rich uncle wants to leave us with a special present to ease his conscience, buying his way into socialist heaven.
  10. Futures traders would get nailed heavily!
    #10     May 2, 2008