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And you have provided zero evidence it was wrong.
Fact.
Tell me what I didn't understand bag...c'mon tell me you ignorant son of a ...
What didn't I understand about taxation?
Tell me stupid ...
You boy Random Guy is still trying to remove that capital gain from his ass.
And you have provided zero evidence it was wrong.
Fact.
And you have provided zero evidence it was right.
Fact.
Yeahbut...the burden of proof is on the accuser.
This isn't a court. It's a message board.
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Way to up the thread asshole.
I clicked for that?
You didn't like the Kamagra ad?
He's given them several billion so far. I take him at his word that he will give the rest. Do you think the man is lying?
The guy drives himself in a Lincoln town car, doesn't really own any of the pretentious like 200 foot yachts or 10 million dollar homes to my knowledge, and has stated that he doesn't really know what to do with all his money.
If he gives the stock away before he cashes it out, then he has gotten no economic benefit from it.
If his goal is to give as much as possible to charity then minimizing the tax burden would be a perfectly reasonable part of this strategy.
That doesn't make him greedy, that means he is pursuing a strategy that makes the most out of his money for charity.
whottt, simply because of some jealous spite tries to insist that this is greed somehow.
I don't think whottt truly understands empathy or altruism.
It is very sad to see such concepts totally alien to a human being.
Last edited by RandomGuy; 09-26-2008 at 03:48 AM.
Why is insisting on control of how your money is given away greedy?
IOW...anyone else will get that money over their dead bodies
They'll control it for the rest of their lives. And it's not like they were ever going to live long enough to spend it anyway...
It's simply hording it paying as little tax on it as possible, for the rest of their lives.
Whether or not they are spending it better than the US Govt would is open to debate...but one that cannot be argued is that they aren't paying taxes on it and a great deal of it is going outside the country.
And they still control it.
If your goal is to give as much to charity as possible, would you not want to minimize your tax burden?
I bet he doesn't...
Yeah well...all I see is him avoiding taxes on it to the highest degree possible.If he gives the stock away before he cashes it out, then he has gotten no economic benefit from it.
You have already confirmed that you lack the insight to understand why that is important to this discussion...and I've got zero desire in explain it to you, yet again.
I have plenty of insight, thank you very little.
It is your cynicism and sputtering malevolence that I lack. Both cloud your ability to think logically and reasonably.
I understand what you are trying to say, and I simply don't agree with your ultimate conclusions.
"If you avoid taxes, then you are greedy."
"If you avoid taxes, while saying that the super-rich don't pay enough, then you are a hypocrite."
I have shown the first to be patently false.
It is entirely possible to avoid taxes and not be greedy.
Giving to charity is the defintion of NOT greedy.
If you avoid taxes to maximize your gift to a charity, and giving to a charity is the definition of NOT being greedy, then I have disproven your statement.
To prove that the purpose of the Gates Foundation is to maximize the wealth of Gates and Buffet, you would have to prove that this vehicle is a better strategy than say, simply tossing it into a mutual fund.
As I have already pointed out:
Giving away 5%+ of the assets EVERY year, no matter what, is giving away 50-80% of the income such assets would generate.
This is FAR more than the government would take away, even if the capital gains tax was raised to the old standard.
You are attempting to argue that a guy who made his fortune investing doesn't understand this.
Is Warren Buffett an idiot?
, I'll even give you the second point, free of charge.
Warren Buffet is a hypocrite for not maximizing his tax burden and saying that the super-rich don't pay enough taxes.
But is he a greedy, stupid, hypocrite?
No.
Originally Posted by RandomGuy
If his goal is to give as much as possible to charity then minimizing the tax burden would be a perfectly reasonable part of this strategy.
Originally Posted by article
Buffett replied: "I would say that if you felt the tax burden should be shifted in a significant way to the super-rich and away from the middle class, I would say that would make me re-evaluate you."
PM (EST)
Hypocrisy does not equate to stupidity. I didn't say he wasn't a hypocrite, merely that he was pursuing a reasonable strategy for maximizing his contribution.
If you can't tell the difference, than that is your problem of insight, not mine.
You have yet to show me any evidence of his greed, by the way.
Please explain how a man who earns $100,000 salary per year running a multi-billion dollar company is "excessively concerned with ac ulating more wealth than he needs".
His endorsement is ...
Hardly sounds like a man obessed with wealth and ac ulating more than he needs.
You hope.
A lot of people listen to him, and they all have money, and they almost all vote.
His opinion is certainly better known and more widely respected than, say, yours.
Your opinion is worth what exactly in this election? One vote?
Do you think your "you stupid s" are going to swing anybody to vote for McCain?
Hmmm?
His endorsement means more than yours. And that kills you deep down inside.
That someone who is arguably smarter and wiser doesn't agree with you.
Say what you want about me, but you can't plausibly argue that he is less intelligent than you are.
And you sound like a man that considers gluttony to be a virtue.
He had more wealth that he needed about 50 billion dollars ago.....didn't stop him from ac ulating more.
He is still trying to ac ulate more BTW, at the expense of the most decidedly un-super rich...see the Goldman Sachs purchase on the news of a taxpayer funded bailout for further evidence of this. IF that bail out goes through he's made 500 million at the direct expense of the tax payer.
Um...a lot of people will realize he's full of ....some of them will now realize he's full of for the first time ever.
You hope.
A lot of people listen to him, and they all have money, and they almost all vote.
You know...the ones that know how Capital Gains taxes and tax shelters work etc...
Which includes both the honest wealthy and the dishonest.
Did you come up wih that all on your own?His opinion is certainly better known and more widely respected than, say, yours.
Your opinion is worth what exactly in this election? One vote?! Funny you should say that in this thread. In this thread of any thread in history the fact that you said it in this one is hilarious.
No, I use words like stupid on people that are exhibiting character traits I don't like in arguments, when I know I have the upper hand.Do you think your "you stupid s" are going to swing anybody to vote for McCain?
Hmmm?
It's the best way of proving whether those traits are real or just imagined.
It's like a test...
FWIW, you passed the test...and you would have been one of the last guys I would have ever expected that of.
While you are beyond all doubt pompous and arrogant, and have an undeservedly high opinion of your own insight...you will admit when you don't know something...even if in somewhat painful and uncomforable cir stances..
I respect that, I truly do.
Props
However despite the fact that you passed that test...His endorsement means more than yours. And that kills you deep down inside.
You are still an asshat.
Sure I can...this man his spent his life in the pursuit of ac ulating something that by his own admission, he has no idea what to do with, and he's still doing it.That someone who is arguably smarter and wiser doesn't agree with you.
Say what you want about me, but you can't plausibly argue that he is less intelligent than you are.
I don't consider that intelligent...I consider that a common fallacy and negative by-product, of the American culture. A pity really...because you really don't have to spend your life that way. And being an American doesn't automatically have to mean a life spent kneeling at the altar of materialism.
Let me be clear on this...I don't think he's a very smart man, I think he's a man who has wasted his life, and I bet deep down inside he feels that way also.
He has so much wealth, and continues to seek it, even after admitting he has no idea what to do with it..because he seeks to fill a hole with material gain that can't be filled with material gain. That's exactly how greed and gluttony and addiction work.
BTW...he's going to get owned by Bill Gates in this partnership before this is all over with.
Do you mean to you it's , or generally, in the context of our entire country and to voters? I can't believe that you objectively think that Warren Buffet's endorsement in the presidential race during a terrible economic crisis has no weight to it at all.
It's as in he's full of it.
I can't believe that you objectively think that Warren Buffet's endorsement in the presidential race during a terrible economic crisis has no weight to it at all.
Link to me saying that?
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