The past few weeks have been very busy, very productive for super-rich multi, multi billionaire Warren Buffett. He wrote a widely publicized, widely mocked (or praised depending on your viewpoint) op-ed in the New York Times titled "Stop Coddling the Super-Rich," advocating higher taxes for people like himself--super-rich. He spoke to President Barack Obama (D). He spoke to the president of troubled Bank of America, the largest bank in the country. The next day he invested $5 billion in BofA, generating a 6 o/o interest rate for him; compared to slightly over 2 o/o available from US Treasuries this is very good. And yesterday he celebrated his 81st birthday. Commenting on Buffett's op-ed and actions, I joked that Buffett would certainly practice what he preached, voluntarily sending a generous check to the US Treasury Department and instruct his accountants to ignore legal, tax reducing deductions, knowing full well he wouldn't. Oh, how right I was. On the basis of Americans for Limited Government, research Noel Sheppard of Newsbusters reports that Bufett's company, Berkshire Hathaway ....
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