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Neal Barton's POV

Crazy ol' Uncle Warren

POV

POSTED: Wednesday, November 28, 2012 - 7:59pm

UPDATED: Sunday, December 2, 2012 - 10:14pm

We have seen who is the newest Ross Perot. It's Warren Buffett.

Both men love the limelight and the most dangerous place to be is between Perot or Buffett and a TV camera.

In the 70s and 80s, you always had Perot chiming in on every issue. Now, it's warren Buffett.

He wrote and op-ed in the New York Times this week about what the country needs to do financially.

The American Standard writes Warren Buffett is by now no stranger to the national debate over federal tax policy.

He keeps using the example his secretary has a higher tax rate than him and that's not true, but ol' Warren likes being a media hero in his old age.

Early in his career, Buffett invested heavily-almost one third of his early fund's capital-in Sanborn Map. They made maps for utility companies.

The whole time the Oracle from Omaha complained the company ran more like a country club than a business.

Does that sound like the new Warren Buffett?

He made a fortune with the company, but almost backed out of the deal because of the rate he was being taxed.

What the media doesn't tell you is that the old man is behind in his taxes. That's ruins the good story of soaking the rich.

Today, Buffett says the country would feel better about itself if the rich were soaked. That's insane.

Then again, that's warren Buffett. Maybe it's time for Warren to park the bus.

That's my point of view, what's yours?

You can email me at pov@ketknbc.com or Facebook me at KETK Neal Barton.

Comments News Comments

Anyone who know anything about economics/ personal wealth/ etc, knows that people like Buffet, Kennedys, Forbes,Clintons, Steve Jobs, etc have been advised & do form personal corporations that they run to minimize their Liability amount.
While it does that ; it also gives themsignificant tax reduction.
The reason Buffets' sec. has more taxes than HIM is because she has not formed this type corporation.
Do you think for a minute that anyone w/ money & a lawyer on retainer doesn't have a LLC???

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