ACC Archives

Tag: Warren Buffett
The Buffett Rule Is A Gimmick

The “Buffett Rule” would raise income taxes on those who earn over $1 million per year to 30%. The president says (publicly) that it’s not about “fairness” or income redistribution, it is about closing the deficit. He admits that it won’t solve...

More on the King of Cronyism, Warren Buffett

Legends don’t come much bigger than Warren Buffett. The man in Omaha, player of the ukulele, value investor, advocate of taxing the rich, friend of Barrack Obama, King of Crony Capitalism. Wait, what was that last bit? Yes, sadly Warren...

Warren Buffett: King of Crony Capitalism

I have to say that Mr. Buffett’s company GEICO, gave me my first real job, selling insurance over the phone while I was in college. I had quite a lot of admiration for the man back then, and my time...

“Buffett Tax” Misleading

A Sept 18 Bloomberg News article is excerpted below. It discusses President Obama’s plan to call for a “Buffett” tax on millionaires. Mega rich investor Warren Buffett has repeatedly said that he pays a lower tax rate than the other...

Is Buffett Right About the Rich?

Warren Buffett is a major investor in Goldman Sachs. At one time, he saved it.  Goldman Sachs is the poster child for crony capitalism in America. Yet Warren Buffett wants to raise taxes on the rich! Perhaps he feels that...