Buffett owns life insurance companies that rely on the death tax in order to sell their estate-planning businesses. 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.
1/2 of 1 percent of estates....? Probably about the number of people who die in a year that own estates. The truth is that the estate tax, or death tax, is nothing more than a Maxist tactic to confenscate private property by forcing people to sell it off to pay the heavy tax while the federal government has first dibs on buying it up.
We've ran our ranch for 130 years, and have a balanced budget and are not deep in debt. Isn't it lovely that the ranch will have to be sold to pay the estate tax... because you have such a large budget deficit. Thanks a lot. If that happens, I swear I won't re-invest a cent of it in America.
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Buffett owns life insurance companies that rely on the death tax in order to sell their estate-planning businesses. 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.
vechorik 6 months ago
So... From what I get; You're going to spread-load the cost of large estates so that the little guys have to foot the bill?
spikmonkeyman1 8 months ago
1/2 of 1 percent of estates....? Probably about the number of people who die in a year that own estates. The truth is that the estate tax, or death tax, is nothing more than a Maxist tactic to confenscate private property by forcing people to sell it off to pay the heavy tax while the federal government has first dibs on buying it up.
Obryanm14 9 months ago
Good Job Adrian. Glad you kept at him in a polite assertive manner.
momoftwoorthree 10 months ago
We've ran our ranch for 130 years, and have a balanced budget and are not deep in debt. Isn't it lovely that the ranch will have to be sold to pay the estate tax... because you have such a large budget deficit. Thanks a lot. If that happens, I swear I won't re-invest a cent of it in America.
Raxarax 11 months ago