Billionaire investor Warren Buffett...
* IS A DOUCHE...
* BUT I'M GETTING AHEAD OF MYSELF...
...on Thursday again defended Burger King’s purchase of
Canadian chain Tim Hortons, a deal criticized by many as an inversion plan by
the fast food company to avoid paying U.S. taxes.
* WARREN BUFFETT IS A BIG "LET'S RAISE TAXES -
ESPECIALLY ON THE RICH" GUY.
Berkshire Hathaway, the conglomerate where Buffett serves
as president and CEO, invested $3 billion to help finance the deal.
* THE DEAL THAT WILL (IN LIB-SPEAK) "ROB THE
TREASURY."
Appearing on MSNBC, Buffett insisted that the purchase
was not a tax dodge.
* I BELIEVE THAT SHOULD BE, "LYING ON MSNBC, BUFFETT
INSISTED..."
(*SNORT*) (*RUEFUL CHUCKLE*)
“It is a corporate inversion and many corporate
inversions are tax driven,” he conceded. But Buffett insisted that the more
than $11 billion Burger King paid for Tim Hortons significantly outweighed any
tax relief the company will receive by relocating to Canada.
* HUH...?!?! THE $11 BILLION BOUGHT SOMETHING! THE $11
BILLION BOUGHT TIM HORTONS! TIM HORTONS IS A VALUABLE INVESTMENT! A VALUABLE
INVESTMENT THAT ALSO BRINGS WITH IT A HUGE TAX SAVINGS - THE SAME HUGE TAX
SAVINGS THAT BUFFETT HAS LONG PUBLICLY RAILED AGAINST...!!!
* WHAT... A... DOUCHE...!!!
Critics have insisted that the purchase was largely
motivated by the company’s desire to avoid paying high corporate taxes in the
U.S.
* WHO CARES WHAT THE MOTIVE IS?! CLEARLY THE ACTUAL OUTCOME
IS TO "COST" THE U.S. FEDERAL TREASURY TAX INCOME WHILE FURTHER
ENRICHING BILLIONAIRE WARREN BUFFETT!
* TO PARAPHRASE: "IT'S THE HYPOCRISY, STUPID!"
Buffett cited statistics that the highest amount of
federal tax the company has paid in the last three years is $30 million. “If
anybody would be paying $11.8 billion to save $30 million of federal income
tax, they did not go to the math class I went to,” he quipped.
* NO! YOU DIDN'T PAY $11.8 BILLION TO SAVE $30 MILLION.
YOU PAID $11.8 BILLION TO BUY A SUCCESSFUL BUSINESS BECAUSE YOU BELIEVE THAT
SUCCESSFUL BUSINESS WILL BRING YOU PROFITS EXCEEDING THE BUY COST OVER THE LONG
HAUL!
* AND... AND... AS A BONUS... YOU (AGAIN... ACCORDING TO
LIB-LOGIC) "COST" THE FEDERAL TREASURY $30 MILLION... A YEAR! (AND
MORE IF THE COMBINED BUSINESS GROWS!)
He also reiterated a point he had made several weeks ago
that Burger King is significantly smaller than Tim Hortons. “It’s a case of the
larger company being in Canada,” he said. “Tim Hortons earns twice as much
money as Burger King.”
* WHICH IS WHY HE BOUGHT IT! BUT... IF HE WEREN'T A
SELF-SERVING HYPOCRITE... HE'D MOVE THE NOW COMBINED "FAST FOOD EMPIRE"
TO THE U.S. SO AS TO BENEFIT THE U.S. - SO AS TO SEE THAT THE U.S. TREASURY
ACTUALLY GAINS RATHER THAN LOSES TAX PAYMENTS! INSTEAD, HE'S DONE JUST THE
OPPOSITE.
* WHAT... A... FRIGGIN'... HIPOCRITE...!!!
Buffett over the years has emerged as an ally for
President Barack Obama’s message of “economic patriotism” and tax fairness...
(*SMIRK*)
...urging higher rates for individuals and companies to
pay their fair share.
(*GUFFAW*)
Buffett has made headlines for advocating for cracking
down on millionaires who pay taxes according to the lower capital gains rate,
noting that his secretary has paid higher rates than him.
* AS HAVE I. BUT WHAT HAS BUFFETT ACTUALLY DONE TO REFORM
THE INEQUITIES WITHIN THE TAX CODE?
The president has often touted the so-called Buffett Rule
named after the investor — a proposal that would ensure millionaires pay a
minimum tax rate at least equal to that of middle-class people.
* WORDS. WHERE ARE THE DEEDS? AND BESIDES THAT... WHAT
YOU'VE JUST READ IS GOBBLY-GOOK. NO SPECIFICS. NOT EVEN AN UNDERSTANDABLE CONCEPT!
BEHAVIOR SETS TAX RATES. THIS IS WHAT WE NEED TO GET AWAY FROM. INCOME TAXES?
YOU'RE TAXED BASED NOT UPON YOUR INCOME, BUT UPON YOUR INCOME... FAMILY
INCOME... HOME-OWNER OR RENTER... KIDS (AND HOW MANY) OR NO KIDS... BLAH, BLAH,
BLAH...
* FOLKS... OBAMA AND BUFFETT HAVE BEEN TIGHT FOR OBAMA'S
ENTIRE ADMINISTRATION. OBAMA HAD "TOTAL CONTROL" OF THE FEDERAL
GOVERNMENT VIA HIS PRESIDENCY COMBINED WITH BOTH HOUSES OF CONGRESS IN
DEMOCRATIC HANDS FOR THE FIRST TWO YEARS OF HIS ADMINISTRATION! THERE WAS NO
ATTEMPT TO FIX... TO RATIONALIZE... THE FEDERAL TAX CODE.
* PEOPLE! STOP ALLOWING YOURSELVES TO BE MANIPULATED!
Buffett’s involvement in the Burger King deal provided
complications for the White House, given its increased attention to clamping
down on corporate inversions.
* SO NOW BECAUSE IT'S BUFFETT POLITICO IS GOING WITH
"CORPORATE INVERSIONS" VS. "TAX DODGE."
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