asterism
Congress != Progress
- Thread starter
- #41
That's true.
But back to the bullshit line that the capital gains rate is too low at 15% and Buffett saying he is taxed at a lower rate than his Secretary.
Buffett is a hypocrite.
Most of his wealth is already shielded from taxes via charitable trusts. He thinks he know how to use his wealth better than does the government (and he's correct). But he wishes to deny the rest of us the same freedom.
Also, his advocacy of inheritance taxes benefits the insurance companies in which he has significant investments. Proceeds from Life Insurance policies are not subjected to punitive inheritance taxes.
Yup. He's brilliant and those who wish to be like him should do what he does, not what he says.