Warren Buffett...Traitor?

[carpro]

http://www.politico.com/magazine/st...betrays-america-110404_full.html#.VAJpH8VdWSo


Warren Buffett Betrays America
By RICH LOWRY
August 27, 2014


It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America.

Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 reelection campaign, is underwriting Burger King’s proposed move to Canada that the left is denouncing as practically the most dastardly plot since the Rosenbergs helped the Soviets get the atomic bomb.

Burger King is acquiring the Canadian coffee and doughnuts chain Tim Hortons in what is called a “corporate inversion.” At least that’s the technical term for it. Obama and the left prefer to call it by names usually reserved for spies and AWOL soldiers before they get a last cigarette and a blindfold.

The practice of corporate inversion, or relocating overseas to avoid the burden of U.S. taxes, offends the president’s sense of “economic patriotism,” as he put it in a speech a few weeks ago. He referred to firms that make this move as “corporate deserters” taking advantage of an “unpatriotic tax loophole.”

Despite his support for the “Buffett rule,” which would impose a 30 percent minimum tax rate on the wealthy, Warren Buffett has no use for taxes himself and will undertake any lawful expedient to avoid them.

“I will not pay a dime more of individual taxes than I owe, and I won’t pay a dime more of corporate taxes than we owe,” he told Fortune magazine earlier this year. He was emphatic: “I will do anything that is basically covered by the law to reduce Berkshire’s tax rate.”

Despite all the yowling and patriotic chest-beating, our corporate tax system isn’t the Declaration of Independence. It isn’t Yosemite Park or the Golden Gate Bridge. It isn’t the Four Freedoms or the GI Bill. It is an ungainly, politicized disgrace that is a burden on American business.

The best way to keep American companies from wanting to flee it is simply to reform it. It’s either that, or try Warren Buffett for treason.

 

[church mouse guy]

It is not clear that Burger King is American owned. Some have said that it is owned by a company in Brazil.

 

[Earth Wind and Fire]

I just view Buffy as a "Swine Capitalist " just like the rest of the scum bunny's .....he just revealed himself is all.

 

[Crabtownboy]

I just view Buffy as a "Swine Capitalist " just like the rest of the scum bunny's .....he just revealed himself is all.

I guess I was wrong. I thought you were a conservative capitalist ... a modern Republican would applaud any corporate move that improves the bottom line, even at the expense of the country.

 

[carpro]

It is not clear that Burger King is American owned. Some have said that it is owned by a company in Brazil.

From the OP:

Burger King is owned, by the way, by a Brazilian private equity firm.

 

[carpro]

I guess I was wrong. I thought you were a conservative capitalist ... a modern Republican would applaud any corporate move that improves the bottom line, even at the expense of the country.

Especially when it doesn't cost the country a penny. Tax revenue will most likely increase as a result of this particular move.

Obama is just running his mouth. Can't help himself. He hates American businesses and everything they stand for. Never misses an opportunity to demonize them.

Except, of course, when he's fund raising.

 

[TCassidy]

Since 2010 Burger King has been majority owned by 3G Capital of Brazil.

Just once I wish people would check their facts before posting this nonsense!

 

[carpro]

Since 2010 Burger King has been majority owned by 3G Capital of Brazil.

Just once I wish people would check their facts before posting this nonsense!

It's Obama that needs to check his facts. The OP has it right.

 

[righteousdude2]

http://www.politico.com/magazine/st...betrays-america-110404_full.html#.VAJpH8VdWSo


Warren Buffett Betrays America
By RICH LOWRY
August 27, 2014


It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America.

Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 reelection campaign, is underwriting Burger King’s proposed move to Canada that the left is denouncing as practically the most dastardly plot since the Rosenbergs helped the Soviets get the atomic bomb.

Burger King is acquiring the Canadian coffee and doughnuts chain Tim Hortons in what is called a “corporate inversion.” At least that’s the technical term for it. Obama and the left prefer to call it by names usually reserved for spies and AWOL soldiers before they get a last cigarette and a blindfold.

The practice of corporate inversion, or relocating overseas to avoid the burden of U.S. taxes, offends the president’s sense of “economic patriotism,” as he put it in a speech a few weeks ago. He referred to firms that make this move as “corporate deserters” taking advantage of an “unpatriotic tax loophole.”

I hope not I've been to several fund raisers at his home, an he serves the best cocktail meatballs :thumbs: