Buffett Tax

by Charlie on September 21, 2011

The Buffett Tax

I am one of the people who think Warren Buffett is a financial genius.  If you don’t know anything about him he is the founder and principal stock holder of Berkshire Hathaway.

The primary vehicle of his wealth is Geico. He owns the Gecko. So think about it; no sales people, a talking Gecko (advertising), 800 number sales reps, Government sales (their original start), and millions of customers sending in monthly insurance payments.

He has also owned, bought and sold many businesses to include:

Acme Brick Company International Dairy Queen, Inc.
Applied Underwriters Iscar Metalworking Companies
Ben Bridge Jeweler Johns Manville
Benjamin Moore & Co. Jordan’s Furniture
Berkshire Hathaway Group Justin Brands
Berkshire Hathaway Homestate Companies Larson-Juhl
BoatU.S. Lubrizol Corporation
Borsheims Fine Jewelry Marmon Holdings, Inc.
Buffalo NEWS, Buffalo NY McLane Company
Burlington Northern Santa Fe Corp. Medical Protective
Business Wire MidAmerican Energy Holdings Company
Central States Indemnity Company MiTek Inc.
Clayton Homes National Indemnity Company
CORT Business Services Nebraska Furniture Mart
CTB Inc. NetJets®
Fechheimer Brothers Company The Pampered Chef®
FlightSafety Precision Steel Warehouse, Inc.
Forest River RC Willey Home Furnishings
Fruit of the Loom® Richline Group
Garan Incorporated Scott Fetzer Companies
Gateway Underwriters Agency See’s Candies
GEICO Auto Insurance Shaw Industries
General Re Star Furniture
Helzberg Diamonds TTI, Inc.
H.H. Brown Shoe Group United States Liability Insurance Group
HomeServices of America, a subsidiary of
MidAmerican Energy Holdings Company
XTRA Corporation

So it is easy for someone in his 80’s with Billions of dollars to say the rich should pay more, but for most people working, saving and keeping up with the Joneses they should not be subjected to the class warfare that is growing in this country.

What makes America great is the ability to work. I have been working since my first paper route at 12 years old. At 5 AM on Sunday mornings with each paper weighing 1-3 pounds and snow a foot deep, it was not easy or fun, but on Friday and Saturday I was collecting my route and making 20-25 dollars a week

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