Eye To Eye With Katie Couric: Buffett's Tax Code (CBS News)

Billionaire Warren Buffett tells CBS News' Chip Reid that many of the "Forbes' 400 Richest" know that the current tax system is inequitible and would not object to a change. (CBSNews.com)

Category:

News & Politics

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• warren
• buffett
• chip
• reid
• forbes
• 400
• tax
• rich

[holymolydude]

WHat a waste of BUffets time. So Katie Couric sends this dbag to the riches man in the world during an economic crisis to ask "so uh you care about redistributing money? Really? And uh your friends do to?" Sharp reporting there.

[RafaeINadal]

wow looked like he was looking over his shoulders like he was about to be ambushed. journalists should be a little more cautious and preplan interviews, a man with his money, power and age has every reason to feel nervous, last thing he needs is surprise interviews by journalists. Not to mention the content was pretty daft anyway. I hope he is calling the head of CBS to give them a mouthful!

[gstranyord]

Buffett's company owes a billion dollars in back taxes and refuses to pay them...haha.. what a fuc#in douch.

[albania2001]

@jjrglobal

I understand this is a huge problem but in my opinion the solution isn't where are we going to get the money to pay off soo much debt and where did all the money from social security go? But how can we turn-around this country and make it profitable for the middle class & the gov.

Pretty much, we need to figure out how can we make a leopard change its spots?(leopard being USA)

[jjrglobal]

@albania2001

The derivatives market is estimated to be 20 times the size of the US economy, somewhere between 200-400 trillion dollars. No one really knows how big it is. Some of this has been unwound, how much I dont know, but there are still a lot of bets out there.

[albania2001]

@jjrglobal

Ok, well you really seem to know a lot more than I, but one thing i know is that the ENTIRE US economy is only 15 trillion so there is (Statistically) no way this is a "...Quadrillion dollar problem."

This makes me believe that you don't know anything about everything you wrote above.

-Thanks for the ignorant comment.

[OhmgrownCron]

at 0:54 Warren texts his buddies, "get me the fuck outta here!"

[OhmgrownCron]

yea, I was joking lol

[jjrglobal]

@OHMgrown

You're joking right? First of all Buffet is only worth about twenty five billion, and he holds that in stocks. Converting that to cash the government would take roughly 40%, leaving 15 billion. We just passed a stimulus bill for 800 billion and the budget deficit is in the trillions and you think this guy alone can change anything. Hell ACORN was eligible for 8 billion dollars in stimulus. We're dealing with a quarter of a quadrillion dollar problem. 250 trillion