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Warren Buffett Making Sense

10 minute doc about Warren Buffett, one of the world`s richest men, and his fascinating views on wealth and society.

submitted by: MacGuffin
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Warren Buffett Making Sense. 10 minute doc about Warren Buffett, one of the world`s richest men, and his fascinating views on wealth and society.
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Hits: 7376 | Favorites: 1 | Emailed: 0 | Rating: 2.7 | Category: Entertainment | Date: 07/21/2012
 
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sbeelz
Male, 30-39, Western US
 2869 Posts
Monday, July 23, 2012 12:20:18 AM
@randomxnp- "...crony capitalism that the Chicago Machine has brough into Washington." yeah, crony capitalism was totally absent until the Chicago politicians showed up. Are you insane? Yeah, Bush, Clinton, Bush Sr, and Regan all served the best interests of the people and were completely untouched by corporate influence. Come on, get fcuking real. Remember the No-bid contracts that Halliburton secured during the Bush Administration? That couldn't POSSIBLY have been due to their campaign contributions or the fact that the fcuking vice president used to be their CEO.

klaxor
Male, 18-29, Western US
 647 Posts
Sunday, July 22, 2012 5:13:27 PM
Buffet seems to be obsessed with his image as a "common" kind of guy, who just "happens" to be good at making money, when he's not. He started off in a way better position than many other people, and I`m sure that he feels comfortable saying that rich people should pay a higher tax because he knows that he will be long dead before anyone passes a law that will touch his $$.

It`s kind of hard to come off as a man with basic needs, who buys "hail damaged cars", while at the same time being the richest man in the world.

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Sunday, July 22, 2012 9:31:49 AM
He's not incorrect. The main reason he pays not very much is because he gets his income through investment. However, 50% of Americans don`t pay any federal income tax (it used to be 30% not long ago)...so a highly progressive tax system is already in place.

The tax system just needs to be reformed. People like Buffet should pay a little more, spending needs to be halved to 90`s levels (yeah, it was suuuch armageddon back then). Then we stand a chance of not condemning our children to poverty. I fear it is too late for most of Europe, though.

MacGuffin
Female, 30-39, Europe
 2597 Posts
Sunday, July 22, 2012 6:44:14 AM

He is perfectly at liberty to pay more if he so wishes

Once again, he is not suggesting that anyone should freely *give* their money away. He is suggesting that the rich should be *required* to pay a greater percentage of tax than the poor.

I guess there's more than one person choosing to misunderstand that blindingly-simple concept, eh random?

randomxnp
Male, 30-39, Europe
 1275 Posts
Sunday, July 22, 2012 5:16:01 AM
As for this video, it is just a celebrity hagiography. It does not challenge Buffet, it does not really show Warren Buffet "making sense" or making no sense, as he is sometimes wont.

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