Famous uberrich guy Warren Buffett has penned a NYT editorial begging Congress to please, please, raise his taxes. Last year, he writes, they were only 17.4 of his taxable income. He says folks like him, who make over $10 million a year, are treated by Washington “as if we were spotted owls or some other endangered species.” It’s time to stop the “coddling,” he says and make the super-rich pay their fair share. [More]
Most people who want tax increases seem to think the rate hikes should apply only to people wealthier than themselves. And many who want across-the-board tax cuts believe that lightening the tax load on the richest folks will create a trickle-down effect that helps everyone. [More]
Financial rock star Warren Buffett is now a real rock star. He makes a cameo appearance in this internal GEICO company video looking for all the world like Axl Rose, doing his best old man rendering of a power ballad. The video was produced for GEICO’s annual employee meeting and uses real GEICO associates from across the country. It’s not the first one he’s been in either. Other ones feature him as a DJ and a hobo. [More]
Warren Buffett buys $5 billion in Goldman Sachs stocks, causing a subdued “yay” to rise among investors. Is the contemporary equivalent to J.P. Morgan helping to calm the Panic of 1907 by walking onto New York Stock Exchange and buying bank stocks?