Off-Topic: No Hypocrisy here....

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	Name:	MartiniMan -
	Subject:	No Hypocrisy here....
	Date:	1/9/2011 12:25:46 AM

What you have to understand about these people is the difference between taxing income and wealth. Most of these hypocrites only want to tax income, something they have multitudes of accountants and lawyers help them avoid. Now if we wanted to tax wealth above $250K then we would hear them howling. I have a friend who's net worth is around $800M but his income is $50,000 per year. Everything else comes out of his wealth and is not taxed. Smart move for him.

Speaking of wealthy billionaires that support things like the death tax, I read an interesting piece about Warren Buffet. Covered the Berkshire Hathaway investments in insurance companies and how insurance is the best way to avoid the death tax. Also covered how he saved billions in taxes by forming his foundations. They allow him full access to that wealth to use and it will pass on tax free. Smart move and if he weren't such a hypocrite about taxation I would applaud him. I am set up very similarly but the difference between he and I is that I think things like the death tax and progressive taxation on income are wrong.

Other messages in this thread:

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No Hypocrisy here.... - comrade - 1/8/2011 12:20:25 AM

No Hypocrisy here.... - Talullahhound - 1/8/2011 8:29:20 AM

No Hypocrisy here.... - MartiniMan - 1/9/2011 12:25:46 AM

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