Warren Buffett Slams Speaker Pelosi’s Huge National Energy Tax
Posted by admin in Finance Friday, 22 October 2010 16:41 25 Comments
In an interview today on CNBC, billionaire investor and prominent Obama supporter and economic advisor Warren Buffett blasted Speaker Pelosis national energy tax, calling it a “huge tax” and “fairly regressive” that will “harm an awful lot of people.”
BREAKING NEWS:
JAMIE DIMON, CNBC AND FOXBUSINESS ANCHORS ARRESTED FOR ILLEGALLY ACCESSING AND MONITORING PRIVATE EMAILS AND PHONE CALLS.
THIS IS GOING TO HAPPEN IN 1-3 MONTHS TELL EVERYONE YOU KNOW AND DON’T FORGET WHAT YOU JUST READ.
What better way for Pelosi and friends to further redistribute wealth..taking from the poor and giving it to her heavily invested husband.
I guess some call it sap and others call it confidence in the human capacity to work together. To each his own I suppose. If you feel that your cynicism is benefiting you, then hold on to it by all means.
I speak of holding hands because every great Teacher has advised us to do so and I am trusting in their wisdom.
You are free to follow whichever route you believe will achieve results. Good luck with that.
Well you ought to stop with the sappy ‘lets all hold hands’ shit talk then bud. The healthcare summit was a smoke and mirror ploy. Obama does not want ideas he wants a vote, now, before any more House or Senate seats drop from under. And being a smart guy with a big ‘S’ on your leotard you know it.
I’m college educated, a husband, a father, a business-owner and property investor and I like to think I’m a pretty sharp guy at 31 years old.
Try me…
Let’s see if I can “keep up” with you.
You’re young with little experience right?
How have I twisted his words?
I’m a pretty big Buffett fan and I’m pretty familiar with his liberal brand of politics – in what way have I misrepresented him?
Good ideas are never irrelevant – we can always do more to improve our country and the lives of fellow Americans. I don’t think we should ever give up just because its hard to find common ground.
That’s what make America great – our ability to innovate and improve through open discussion.
There are more than two possibilities yes. The exact number may be infinity. But with Democrat leadership, the UN, World Bank, IMF, Eu etc on board with cap and trade and global climate science the debate is shut down. It is irrelevant how many ideas there are as it was with Obama’s healthcare summit. And I think your logic twists Buffetts words and is false logic.
Saying that the only two possible options are: Democrats are out of ideas or they are crooks, is a false dichotomy.
Surely, there are more possibilities than those two. Surely, you have the creativity, imagination and intelligence to see that nothing can be boiled down to only two possibilities.
What, in your opinion, is the best idea going? I’d be interested to hear something constructive – if you have any ideas, please share.
The cap and trade scam is just an investment vehicle for international bankers and brokers to make money and nothing more. A tax is the worst idea going. A catalytic converter was a good idea. Either democrats are out of ideas or they are crooks.
Warren Buffett:
“… a tax which we have decided is NEEDED because the market system doesn’t really appropriately penalize something that hurts the future…”
So, if our children really are “the future,” as both Republicans and Democrats agree they are…
…and this tax appropriately penalizes something that hurts our children…
…then Warren Buffett is saying that this tax helps protect our children from being hurt.
I’m just going on what he actually said.
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@jmbphilcrafts
i agree but this is short term, you wait 5 years when the Chinese are controlling big brands. and distribution and retail. we will be slaves… we will get manufacturing back eventually but we will be the cheap labour…, maybe not us but our children and there children… its not the taxes its the cost of labour, health insurance, workmans comp that is killing the USA
to bmer650:
In my point of view…WHY THIS COMPANY MOVE TO OTHER COUNTRY,it is because of PROFITABLITY.
….lower in manufacturing cost,that includes taxes,salaries,wages,benefits, type of workers and administrative expenses and their are a bunch of such laws,regulations sets by the gov’t that affect the profitability of a certain company which sometimes this laws are crappy and just put in there to squeeze the productivity of a corporation.PROFITABLITY MAKES THE STOCK HOLDERS HAPPY.UR 401K
The children are asleep…shhhh
Global Warming is a global scam
AND ALL THAT MONEY BEING EARNED FROM MAKING AND SELLING us PRODUCTS, ALL BECAUSE THE CEO’S THINK ABOUT THE NEXT 1/4. BUT ALL THIS IP AND R&D IS BEING GIVEN TO THE CHINESE. i MOVED TO THE us TO OPEN A FACTORY AND MOVE PRODUCTION FROM CHINA, BUT AS I HAD TO EMPLOY 40 PEOPLE WORKMANS COMP AND HEALTH INSURANCE MADE IT IMPOSSIBLE NOT THE TAXES, IT WAS CHEAPER FOR ME TO OPEN A FACTORY IN CANADA THAN IN PHILLY. SO NOW IM BACK IN CHINA,
@bmer650
just wait till 2010 when obama repeals the Bush tax cuts & see industry look for further ways to save money & cut paying higher wages. Most people do not stop & think when democrats say raise taxes on the rich. Who pays the so called riches taxes? We do on the consuming end through higher prices and sales taxes. So whenever you hear a democrat saying they will cut the poor taxes and raise taxes on wealthier Americans it is nothing but a flat out lie.
@bmer650,
The Bush tax cuts helped but were not enough to sustain American industry to continue moving many operations overseas because if you remember he could not get those tax cuts permanent because democrats had majority power in congress and wouldn’t go along with the tax cuts unless they would expire in 2010. They thought Bush would veto a bill in such a way with the limits but he signed it & actually was smart on Bush’s behalf because it will backfire on democrats in the end.
If American corporations were nit selling the Americans out to the Chinese they would also be forces to cut energy. Every big US company from Harley Davidson to GE has moved its manufacturing to China. Why because the CEO’s only look to the next quarter, And do not care about this country and it’s people. If US companies did not have to provide healthcare Americans would be cheaper and earn more money. Which they would spend or invest.
People still using the term “Global warming?”, (even though the planet has been cooling for the last 10 years). Don’t you know the catch phrase used now is “climate change”, (as if the climate has’nt changed through-out history). Those darn incovenient truths.
Same for you SaveRepublic. I wish you the best.
@ njchampnj,
I enjoyed our short conversation and respect your views. I do see you as a level headed person with reason. Take care.
over small business. Regulation would be more effective and put all businesses on an equal playing field and set down the rules. I am also a free thinker save the republic. Im willing to listen to criticisms. I wish you well also.
Japan is very much getting tough on global warming. The Kyoto Protocol was there. It is very difficult for nations to approach the problem without the U.S., the biggest economic and per capita carbon emissions leader following along. India, China, and Russia are developing countries, and thus it it more difficult to approach these problems at the current time. I have also studied the Cap and Tax, and although it is effective I dont agree with it in principle as it favors big business…