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Waren Buffet feimously said:

"There's class warfare, all right," Mr. Buffett said, "but it's my class, the rich class, that's making war, and we're winning."

He definitely is not thinking about Marx words...and they are so simple and clear and true...Do we need Marx to tell us something this logical?
But Buffet is not going to live long enough to realize this. Maybe his children or grandchildren will learn...

Science without religion is lame, religion without science is blind...Albert Einstein

by vbo on Wed Aug 17th, 2011 at 07:42:59 AM EST
Mr Buffet looks increasingly like a new Russian who used to think that his wealth is the result of his smart insight and brisk work, but now realizes that he is living in a system rash to push most wealth into hands of few people.

Keep writing New York Times columns:

Last year my federal tax bill -- the income tax I paid, as well as payroll taxes paid by me and on my behalf -- was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income -- and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine -- most likely by a lot.

Or put your money you would like to see taxed to make the politics and the social economy more interesting.

by das monde on Wed Aug 17th, 2011 at 05:16:30 PM EST
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The emerging CW among the TeaBaggers, Libertarians, and all that ilk is Mr. Buffet, who grew a couple of million dollar textile company into a $50 billion conglomerate, "doesn't know anything about investing."

Therefore, doesn't know anything about economics.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sat Aug 20th, 2011 at 02:02:58 PM EST
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Funny thing is, they're actually mostly right that Mr. Buffet does not know anything about investing. Because what he does very well is not investment but speculation.

But I suppose that distinction would sail way over their heads.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Aug 25th, 2011 at 08:59:49 PM EST
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