Tuesday 16 August 2011

Buffett's scream


Warren Buffett's cry on The New York Times, concerning the tax benefits that favour American millionaires is a mild surprise - though everybody knows of the filantropic concerns of Buffett's and his sense of justice and opportunity, it is still not very common to see someone asking for more taxes on himself... Still, Washington politicians should really listen to this cautious (remember hte dotcom craziness? He said that he would never invest in a business model he didn't understand. The bubble burst proved him right) and opportunistic (he loves to buy during recessions) man, the third-biggest forune in the world. If he cries for more taxes for the super-rich, it is because he believes the benefits will far exceed the costs - and he usually knows what he is talking about...




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