“…let’s forget about the rich and ultrarich going on strike and stuffing their ample funds under their mattresses if — gasp — capital gains rates and ordinary income rates are increased. The ultrarich, including me, will forever pursue investment opportunities.” [NYT]

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Comments (14)

  1. Posted by Sick of the old turd | November 27, 2012 at 12:21 AM

    Shut up you old turd.

    –Rich, nowhere close to ultrarich, working my ass off to get richer, and Warren's not helping

  2. Posted by Enough Already | November 27, 2012 at 12:50 AM

    Warren, it's time to say your farewells and exit the stage. We've had enough of you.

    — guy who wonders why Warren Buffet, Molly Munger and their ilk like taxes so much.

  3. Posted by Flo | November 27, 2012 at 12:58 AM

    Warren needs to take off his Velcro shoes and enjoy a bowl of shutty stew.

    – D. Heffernan

  4. Posted by CaptainObvious | November 27, 2012 at 7:26 AM

    when you've made it to the top of the hill, you can be "munificent" and choose to "level" the playing field for everyone below you, but especially those who are struggling to make it up to your level. It actually protects your position because it pacifies the lazy masses while also stopping the next generation of ambitious people from achieving their objectives. Welcome to socialist Europe, where the same 15-20 families have controlled the wealth for centuries.

  5. Posted by Mercury | November 27, 2012 at 8:45 AM

    …which will soon be limited to 1) getting further in bed with the government or 2) outside the USA.

  6. Posted by Guest | November 27, 2012 at 9:10 AM

    Leave taxes low, close buffets loopholes, and confiscate that paddle!

  7. Posted by contradiction | November 27, 2012 at 9:27 AM

    didn't this old bastard sue the IRS over paying taxes

  8. Posted by anti-buffett | November 27, 2012 at 10:28 AM

    Buffett donated over 99% of his wealth on paper for which he's not paying taxes. His real tax is much lower than 1%. Buffett is paying such a low rate because of loopholes, and not the fact that the rate is too low. He's such a hypocrite to ask for a higher rate when that wouldn't affect him.

  9. Posted by Entire East Coast | November 27, 2012 at 10:48 AM

    Earth to Omaha: $250,000 ain't "ultrarich" here.

  10. Posted by G. Smith | November 27, 2012 at 10:53 AM

    OMG, it's huge.

  11. Posted by Tax is useless but.. | November 27, 2012 at 11:00 AM

    "However, I prefer a cutoff point somewhat above $250,000 — maybe $500,000 or so."

    Please don't let his actual quote get in the way of your anger.

  12. Posted by Some Jerk | November 27, 2012 at 3:01 PM

    Absolutely, let’s tax foundations with less than five discrete contributors at ordinary income levels! Screw those rich Wall Street-types, hiding their billions in foundations controlled by their halfwit son-in-laws!

    Amirite, Warren?

  13. Posted by Alm | December 10, 2012 at 9:40 AM

    is pocket change for that buffoon.

  14. Posted by Gerson Va | August 5, 2013 at 9:43 PM

    Yes I see Warren Buffett resting on a mattress while so many individuals don't even have one. It's a shame.