- Aug 27, 2008
- Reaction score
As most of the media goes gaga over Billionaire Obama fundraiser Warren Buffett calling for tax hikes, (like he did in 2001, and 2004, and plenty of times in between), lets remember a few things.
Buffett Profits from Taxes He Supports
Buffett regularly lobbies for higher estate taxes. He also has repeatedly bought up family businesses forced to sell because the heirs death-tax bill exceeded the businesss liquid assets. He owns life insurance companies that rely on the death tax in order to sell their estate-planning businesses.
Buffett Profits from Government Spending
Buffett made about a billion dollars off of the Wall Street bailout by investing in Goldman Sachs on the assumption Uncle Sam would bail it out. He also is planning investments in ethanol giant ADM and government-contracting leviathan General Dynamics.
If your businesses revenue comes from the U.S. Treasury, of course you want more wealth.
Stop coddling Warren Buffett | Campaign 2012
So now we see why Warren Buffett supports higher taxes. If he really wanted his taxes raised for principled reasons he would be free to send a donation of any amount he wanted to the federal government.