Warren Buffett Defends Business Aviation
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He admitted Netjets would be bankrupt if Berkshire didn't have the resources to bail it out! It's a terrible business model one of his biggest mistakes - the dead leg - flying no passengers to reposition a jet is a costly operation. There is no defense to this.
skipsassy1 1 month ago
When speaking about "private jet owners" the president is not demonizing people, he is drawing attention to the fact that people of enormous fortune need to share in more of the sacrifice that is going to be necessary if we are to get ourselves out of this mess. For billionaires like Buffett to pay significantly lower tax rates than his secretary through various loopholes and accounting tricks is hideously unjust. EG: General Electric made 14 billion profit and paid no tax - NOW, DEFEND THAT!
mikebdenv 7 months ago
It's a big mistake to start demonising everyone - right on the money. And for the purpose of winning political points, that is much of what Obama has unfortunately done since his Presidency began.
dbneon 1 year ago
Hero
carefreejk 3 years ago