When the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts — Howard, Susie and Peter — are poised to become one of the most powerful forces in philanthropy.
I believe he’s the type of guy that’s compartmentalized. He full heartedly believes that the rich need to be taxed more and that he’ll work tirelessly to prevent it because it’s bad for business
Financially, it makes sense to do. But morally and ethnically? Debatable. I don’t think it’s hypocritical to both exploit the law as written and advocate for its change, if it doesn’t exactly harm anyone.
Like if that “legal murder zone” was a real thing, it would absolutely be bad to exploit that. But tax avoidance is pretty far down my list of all the bad things you can do.
I think it’s worse than it feels. Like, I still like Jimmy Carr, but how many schools have cut meal programs because of a lack of funding? It’s just that money is fungible and through taxes it gets split up so much that you can’t really follow it, so I don’t think we realize the harm that’s done when people don’t pay their taxes.
Ironically, Buffet has long been a proponent of taxing the rich.
https://money.cnn.com/2013/03/04/news/economy/buffett-secretary-taxes/index.html
https://www.snopes.com/fact-check/warren-buffett-billionaires-taxes/
Publicly. Wonder what he thinks behind close doors? also must not be a fan of taxing the rich if he is using a loophole to avoid estate taxes.
I believe he’s the type of guy that’s compartmentalized. He full heartedly believes that the rich need to be taxed more and that he’ll work tirelessly to prevent it because it’s bad for business
Financially, it makes sense to do. But morally and ethnically? Debatable. I don’t think it’s hypocritical to both exploit the law as written and advocate for its change, if it doesn’t exactly harm anyone.
Like if that “legal murder zone” was a real thing, it would absolutely be bad to exploit that. But tax avoidance is pretty far down my list of all the bad things you can do.
I think it’s worse than it feels. Like, I still like Jimmy Carr, but how many schools have cut meal programs because of a lack of funding? It’s just that money is fungible and through taxes it gets split up so much that you can’t really follow it, so I don’t think we realize the harm that’s done when people don’t pay their taxes.