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I gotta ask...

Liberals the world over are getting all quivery and emotional (more so than usual) over Warren Buffet's extraordinary act of philanthropy. Think of it! A billionaire giving away his billions? What could be better than that? I mean, besides having the government take them from him, of course?

All right, I understand why they've gone all misty, but what the hell does it have to do with the inheritance tax? I know Buffet is a defender of the death tax, but why are all the lefty bloggers out there conflating his act of charity with the death tax debate?

I mean, if Buffet really thinks the inheritance tax is so damn great, then why did he go out of his way to exempt the vast majority of his fortune from it? Please note that he chose to cut a check to a philanthropic foundation rather than to the U.S. Treasury. I wonder why?

Ah hell, who cares? All of his albums since Floridays blow anyway.

Comments

Actually, Jimmy and Warren Buffet are cousins. How weird is that?

I don't think his giving the money away has any relation to his stance on the estate tax, except in effect.

> Actually, Jimmy and Warren Buffet are cousins. How weird is that?

K, did not know that. Far out.

Ironically, I just finished booking plane tickets to Omaha a few minutes ago (we have relatives out there we need to see.) I've ridden by WB's house on several occasions. It's remarkably modest.

Not all, pal. Not all.

Also, you seem to be a little off the mark on this one. To be fair, every paper in the world reported it, liberal and conservative as well. It is a very big story when a man gives away 85% of his $44 billion. It's a very generous act and it deserves notice. You might also note that many bloggers, liberal and otherwise, post when they here about other people doing something that is good and kind as well. That's why I think your posting misses the point.

Finally, don't get too sarcastic or try too hard to paint bloggers, liberal or otherwise, as selfless lovers of acts of kindness. "Warren Buffett" was one of the top five searches at Technorati this morning. Maybe some folks were just trying to snap up some of that search traffic.

See, there are a lot more angles to this than you posted on.

Okay, I just checked, and the reason I thought they were cousins is that I heard Warren in an interview, years and years ago (I have no idea when I just no I didn't know who he was) and the interviewer asking if Jimmy ever asked him for investment advice and Warren laughing and saying that no, and that he should look to him for advice because of his ability to do so much with Margarativille. But apparently it's just that they believe they must be cousins but they can't track it.

So...by how much did he lower his death tax liability? Looks like a cool $17 billion to me.

That's an awful lot of government cheese that won't be available to pass out to the deserving poor. How will we ever run the government without that revenue?

Hey,
I dont know why you guys are so obsessed with taxes. Who cares? As I wrote before, I think that raising taxes is cool. The more taxes someone proposes, the more likely I am to vote for him/her. However, there is only one kind of taxes I dont agree with: The death tax. Despite being very liberal, I am against it. I think they should be completely eliminated and I agree somehow with Barry on that.

> That's an awful lot of government cheese that won't be available...

Looks like Buffet thinks Indian hookers are a better investment than free government cheese. Can't say as I blame him.

> I think that raising taxes is cool.

Is that because you enjoy taking home a smaller paycheck, or because you think our wise and judicious government does such a great and efficient job of spending our money?

Funny, Dems don't like the government looking at our banking records, but they don't care how much of our paychecks they actually take. Democrats are weird. ;-)

Democrats are weird.

And you think republicans are not? :) Anyway I was not exactly serious. I dont trust the goverment (especially the current one) to use appropriately and efficiently tax money. In principle, however, I think it is sometimes appropriate to raise taxes.

Looks like Buffet thinks Indian hookers are a better investment than free government cheese. Can't say as I blame him.

My God! What will they outsource next? And how much you wanna bet they suddenly don't understand a word of English when the words "blow job" come up in conversation.

And who would want to have anything to do with a hooker from a place called "Mysore." Let me know when they Buffet starts helping hookers from someplace called "Feelgood."

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