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(New York Daily News)   Money talks, everything else is bulls***   (nydailynews.com ) divider line
    More: Obvious  
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1091 clicks; posted to Politics » on 27 Aug 2014 at 11:20 AM (1 year ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-27 10:23:36 AM  
Pretty much. Let's not forget Buffett propped up Goldman Sachs, arguably the most hated Wall Street firm in America.

Obama, Buffett, Gates, Clinton, Bush, blah blah blah.

News flash: No one in politics is doing the 99% a favor. Just give up America, admit that you're owned by rich people. Also, admit that monetary and political dominance has really not changed since the dawn of time. Only the players have changed, and they are becoming increasingly good at the game.
 
2014-08-27 11:25:28 AM  
Jon Corzine stole a over a billion dollars out of customer accounts, still a free man
 
2014-08-27 11:26:32 AM  
This must be derp. Warren Buffett cares about us. He promised!
 
2014-08-27 11:27:29 AM  

bdub77: Pretty much. Let's not forget Buffett propped up Goldman Sachs, arguably the most hated Wall Street firm in America.

Obama, Buffett, Gates, Clinton, Bush, blah blah blah.

News flash: No one in politics is doing the 99% a favor. Just give up America, admit that you're owned by rich people. Also, admit that monetary and political dominance has really not changed since the dawn of time. Only the players have changed, and they are becoming increasingly good at the game.


I think technology has enabled the rich to secure their holdings even more than ever before. On the same token though, you can't expect millions of non-rich people will suck crap through a straw forever. History has shown that is not how things bear out for complacent elites.
 
2014-08-27 11:28:55 AM  

Nemo's Brother: This must be derp. Warren Buffett cares about us. He promised!


Warren Buffett saying he'd pay a slightly higher tax rate makes him an enemy to Republicans, and hero to Democrats. That's how screwed up we are.
 
2014-08-27 11:37:31 AM  
If the 2 companies merge and they keep the HQ in the US, it's an inversion for Tim Horton, right?  (though that would cost them more in taxes).  If they merge the 2 companies and the HQ is in Canada, it's an inversion for Burger King and they save some taxes, right?  According to the article, the difference in tax rates is only about 1%, so this isn't a big inversion compared to others.

Did I get all that right?

The article says Buffet wants to get his 3 Billion dollars in on the merger, I didn't see where it said he wants to move the HQ to Canada.  With regard to the Pfizer merger, he said they weren't doing anything illegal and that he would change that part of the law.  So maybe he thinks inversions to save on US taxes are wrong for American companies, but not illegal.

Maybe he wants to be a 3 Billion dollar shareholder so he can push for the HQ to stay in the US?  Hell, I don't know how billionaires think.
 
2014-08-27 11:38:14 AM  
Take that, Obahuvrihi!
 
2014-08-27 11:42:08 AM  
It's OK, I'm sure the House is working on legislation to put a stop to this practise even as we speak.
 
2014-08-27 11:49:42 AM  
Does the USA not have a "mind of management rule"? (i.e. if 80% of the board of directors are USA residents, the corp is a USA resident - the place of incorporation or a P.O. box labeled "HQ" in tax-haven-X is meaningless).

Also, does the USA not have a general anti-avoidance rule (GAAR)?
 
2014-08-27 11:53:46 AM  

D135: Does the USA not have a "mind of management rule"? (i.e. if 80% of the board of directors are USA residents, the corp is a USA resident - the place of incorporation or a P.O. box labeled "HQ" in tax-haven-X is meaningless).

Also, does the USA not have a general anti-avoidance rule (GAAR)?


For citizens.. I believe yes... for corporations.. probably no.
 
2014-08-27 11:53:55 AM  

D135: Does the USA not have a "mind of management rule"? (i.e. if 80% of the board of directors are USA residents, the corp is a USA resident - the place of incorporation or a P.O. box labeled "HQ" in tax-haven-X is meaningless).

Also, does the USA not have a general anti-avoidance rule (GAAR)?


the whole reason you buy politicians is so that never happens.

"Invest in America, buy a Senator".
 
2014-08-27 12:01:10 PM  

verbaltoxin: Nemo's Brother: This must be derp. Warren Buffett cares about us. He promised!

Warren Buffett saying he'd pay a slightly higher tax rate makes him an enemy to Republicans, and hero to Democrats. That's how screwed up we are.


Yup.

And there's not a damned thing we can do about it.

Embrace the absurdity, or end up a dried husk.
 
2014-08-27 12:03:25 PM  

surewewang: D135: Does the USA not have a "mind of management rule"? (i.e. if 80% of the board of directors are USA residents, the corp is a USA resident - the place of incorporation or a P.O. box labeled "HQ" in tax-haven-X is meaningless).

Also, does the USA not have a general anti-avoidance rule (GAAR)?

the whole reason you buy politicians is so that never happens.

"Invest in America, buy a Senator".


It shows the foresight of the Supreme Court. Money isn't just speech, it's "votes."
 
2014-08-27 12:05:07 PM  
So, anyway, it's pretty self-evident that money is power.

If we believe in equality of power, shouldn't we believe in equality of money?
 
2014-08-27 12:15:58 PM  
You know, it's not that hard for Buffett to believe both that inversion makes good business sense AND that it shouldn't be allowed to - the same way that people may still shop at WalMart because the prices are lower, but also believe that they should pay their people more.

// the same way that Walter can be not wrong, but still an asshole
 
2014-08-27 12:22:30 PM  
From Forbes:  "Forbes calculates that Buffett has donated at least $9.5 billion in shares of Berkshire Hathaway to the Bill & Melinda Gates Foundation. That sum does not include 2012's $3 billion pledge to his children's philanthropies ."

It's also reported that he intends to give away 99% of his fortune before he kicks off.

I don't think it'll make any difference to those who feel the need to whine about how he hates America, but I think it's pretty significant. Especially considering the amount he's required to donate to charity...which is $0.00.
 
2014-08-27 12:28:23 PM  

AteMyBrain: From Forbes:  "Forbes calculates that Buffett has donated at least $9.5 billion in shares of Berkshire Hathaway to the Bill & Melinda Gates Foundation. That sum does not include 2012's $3 billion pledge to his children's philanthropies ."

It's also reported that he intends to give away 99% of his fortune before he kicks off.

I don't think it'll make any difference to those who feel the need to whine about how he hates America, but I think it's pretty significant. Especially considering the amount he's required to donate to charity...which is $0.00.


If taxes are so great, why does he give to charity? Hypocrite.

More proof that charity is superior to government theft.

Give to your church.
 
2014-08-27 12:34:26 PM  
Warren Buffet also owns a huge furniture place called The Nebraska Furniture Mart in Omaha. The place is so huge that it even had it's own Burger King inside.

Then a year or two back, he had the place dumped and turned the space into a Subway instead, as a sign of "following the healthier trends of today's health-conscious public".

Funny how Buffet is backing BK's treasonous actions, yet he himself doesn't have much faith in having a franchise in one of his own establishments.
 
2014-08-27 12:35:06 PM  
Everything in life is a hustle.
 
2014-08-27 01:11:54 PM  

TV's Vinnie: Funny how Buffet is backing BK's treasonous actions, yet he himself doesn't have much faith in having a franchise in one of his own establishments.


Has BK said they're moving the HQ to Canada, or are we all just assuming they will?  Is it treasonous if they do?  Buffet seems to think it's legal.

I don't think changing BK to Subway in his furniture stores involves faith at all.  He said it was more about meeting customer demand for more healthy food.  He might be wrong and it was really a faith-based business decision, whatever that is.
 
2014-08-27 01:38:10 PM  

TV's Vinnie: Warren Buffet also owns a huge furniture place called The Nebraska Furniture Mart in Omaha. The place is so huge that it even had it's own Burger King inside.

Then a year or two back, he had the place dumped and turned the space into a Subway instead, as a sign of "following the healthier trends of today's health-conscious public".

Funny how Buffet is backing BK's treasonous actions, yet he himself doesn't have much faith in having a franchise in one of his own establishments.


www.thereturnedmissionary.com
 
2014-08-27 01:52:03 PM  

Gary-L: TV's Vinnie: Warren Buffet also owns a huge furniture place called The Nebraska Furniture Mart in Omaha. The place is so huge that it even had it's own Burger King inside.

Then a year or two back, he had the place dumped and turned the space into a Subway instead, as a sign of "following the healthier trends of today's health-conscious public".

Funny how Buffet is backing BK's treasonous actions, yet he himself doesn't have much faith in having a franchise in one of his own establishments.

[www.thereturnedmissionary.com image 850x530]


treason
[tree-zuh n]

-- a violation of allegiance to one's sovereign or to one's state.

-- the betrayal of a trust or confidence; breach of faith; treachery.

Sounds like treason to me.
 
2014-08-27 01:53:58 PM  
"It's a dirty deal," said 59-year-old Reggie Rollins, a retired sanitation worker. "Why don't we all move to Canada and avoid taxes?"

I can't believe that isn't from an Onion infographic.

Also, there are a ton of reasons why people don't do that besides nationalism. For companies, not so much.
 
2014-08-27 01:56:28 PM  

TV's Vinnie: Gary-L: TV's Vinnie: Warren Buffet also owns a huge furniture place called The Nebraska Furniture Mart in Omaha. The place is so huge that it even had it's own Burger King inside.

Then a year or two back, he had the place dumped and turned the space into a Subway instead, as a sign of "following the healthier trends of today's health-conscious public".

Funny how Buffet is backing BK's treasonous actions, yet he himself doesn't have much faith in having a franchise in one of his own establishments.

[www.thereturnedmissionary.com image 850x530]

treason
[tree-zuh n]

-- a violation of allegiance to one's sovereign or to one's state.

-- the betrayal of a trust or confidence; breach of faith; treachery.

Sounds like treason to me.


Potato, pa-treason.
 
2014-08-27 02:00:40 PM  
2.bp.blogspot.com
 
2014-08-27 02:09:36 PM  
I know that I'm never spending a dime at BK again.  Grow a corp off the American people's back then when you are tired of paying taxes to maintain our society you drop your corporate citizenship to save a few bucks.  Hope that the CEO dies an artery clogged death.
 
2014-08-27 03:01:25 PM  
On the list of things I get outraged about, this sort of stunt rates pretty low. How about all the corporations in the US that don't pay any taxes at all? Or the ones that work out sweet deals with state and local governments, so they can build a factory and not pay taxes? Or the various places that pay far below a living wage, and let the government take care of their employees with food stamps and public housing?

This is hardly the worst thing they've done.
 
2014-08-27 03:51:44 PM  

adamatari: On the list of things I get outraged about, this sort of stunt rates pretty low. How about all the corporations in the US that don't pay any taxes at all? Or the ones that work out sweet deals with state and local governments, so they can build a factory and not pay taxes? Or the various places that pay far below a living wage, and let the government take care of their employees with food stamps and public housing?

This is hardly the worst thing they've done.


But...but...TREASON!  *derp*
 
2014-08-27 07:45:37 PM  

Aquapope: Has BK said they're moving the HQ to Canada, or are we all just assuming they will?


i read that BK will be required to move the head quarters to Canada as part of the approval for the merger by Canada's regulators. i'm more surprised that BK has the money/backing to buy another company out, they've fallen behind wendy's in sales iirc.
 
2014-08-27 11:21:42 PM  
They should move to Pittsburgh.
 
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