% | $
Quotes you view appear here for quick access.

General Electric Company Message Board

  • drwstring drwstring Jul 13, 2013 12:49 AM Flag

    W. Buffet, a democrap and a big time scoundrel, this is why.......

    He has said repeatably that Americans should pay an estate tax when they die. However, when Buffet dies he will pay zero estates taxes on his wealth because it will go (most of it) to the Bill Gates charity, etc... The trustees of that charity (there are many, friends, relatives) draw huge salaries.

    Anyway, Buffet is all for the estate tax because he owns large chunks of Life Insurance companies, who's bread and butter is selling life insurance to Irrevocable life Insurance Trusts. People (trustees) then use the life insurance benefit (when the insured dies) to pay the estate tax on his estate.

    So know you know why Buffet is a circlejerk lib scoundrel. He wants the estate tax because he makes big bucks on the whole deal......But of course he has his estate plan that will allow him to pay ZERO estate taxes when he dies....... Amazing, buffet is a big time hypocrite!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
31.21-0.01(-0.03%)Aug 25 4:00 PMEDT