May 22 (Bloomberg) -- Billionaire investor Carl Icahn said Barack Obama would be a ``terrible'' U.S. president whose election would bring higher interest rates and a loss of international confidence in the dollar.
``I don't normally get involved in politics, but this time I am,'' Icahn told an investors conference in New York last night. ``I don't think Obama really understands economics.''
(So hopefully we won't have to find out the hard way! VN8)
8 comments:
Warren Buffett, the world's richest man, has endorsed Barak Obama. He said, "I will be very happy if he is elected president."
I guess it's the socialist billionaire versus the capitalist billionaire. I choose the opinions of the latter.
Warren Buffett has probably helped more people become millionaires than anyone in America. Recently he spoke to a group wealthy people and had this to say, "The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."
The Heritage Foundation says that "Democrats now control the majority of the nation's wealthiest congressional jurisdictions."
Do you really think that all those millionaires and billionaires are socialist and communist? Come on now!
Jim, what I do say is that if Warren Buffett wants to give his billions to his cleaning lady, I'm all for it. As for my little penance of a salary that I earn, please, for God's sake let me keep it. Don't take a portion away from me for those who are less fortunate. Allow me to invest my penance as I see fit. Don't tell me that "you" know what is best for me because I don't have enough sense to plan ahead. Where the rubber meets the road, I don't think I owe a damn thing to anybody, I'm so tired of that trap. If someone falls on hard times, it should be up to me who I choose to assist. My papa told me once, don't ever give your money to someone else to do something for someone, if you want to do something for someone do it, it's the only way you know that the money is going to the right place. Follow me?
Jim, you will never convince me in a billion years, that's billion with a "b" that democrats ultimate goal is that this country would become a socialist state! You come on, take off the blinders, quit drinking the kool aid and be honest with yourself. Dems want to take from those more fortunate and give to those less fortunate, it doesn't work.
If Democrats want ppl to provide more to the "less fortunate" why don't they put a simple box on the 1040 form and if someone chooses to give extra income to the "less fortunate" it could be a choice. Think that would go very far? You are robbing the rich to feed the poor. Wonder why they are poor? You know why and you can't convince me of anything different. If you are referring to the poor as the rest of the world, then by all means get involved in an altruistic organization, go abroad and assist them with your talents, but you can't continue to force hard working citizens to "SAVE" the planet.
Hey, great thought, why don't you contact Warren Buffett since he is such a generous billionaire, ask him since he thinks Obama has such great potential as a Presidential candidate, Buffett could pay off the National Debt and Obama could start with a clean slate. Now that would be an altruistic thing for Buffett to do. Put your money where your mouth is Buffett!
You know the GOP is doing much better with their fund raising than the DNC by far. I guess it's because all the rich people in the world are REPUBICANS. Hope the Dems can come up with the money they need by the middle of June to hold their convention! Maybe Hillary will let them borrow the money to hold the convention so she can be the candidate! Now that is funny!
It sounds to me that Warren Buffet doesn't think it's fair that you pay a higher percentage of your income in taxes than he does.
"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation."
"Mr Buffett, who runs the investment group Berkshire Hathaway and is widely regarded as the world’s most successful investor, said that he was a Democrat because Republicans are more likely to think: “I’m making $80 million a year – God must have intended me to have a lower tax rate.” "
My solution to that convoluted statement by Mr. Buffett is two words:
FAIR TAX! People get a grip. I don't think anyone should pay more taxes than anybody else and I think if you are capable of working, get a JOB. The only thing that is stifling opportunity and motivation is that people are lazy and they think that anyone who has more than them should pay their way. People are so jealous. Just motivate yourself, don't look for someone to fulfill your dreams, make it happen and quit complaining that someone is RICH! Warren Buffett needs to have his head examined! Let's hope he never becomes the Chairman of the FED!
Hell with the Fair Tax Buffet would pay almost nothing as a percentage of his income.
Further proof Buffett needs his head examined:
Favors the inheritance tax, saying that repealing it would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics".[22] In 2007, Buffett testified before the Senate and urged them to preserve the estate tax so as to avoid a plutocracy. Some critics, including John Berlau writing in the August 23, 2004 issue of the National Review, have pointed out that Buffett (through Berkshire-Hathaway) has a personal interest in the continuation of the estate tax, since they have benefited from the estate tax in past business dealings and are also involved in developing and marketing insurance policies which protect policy holders against future estate tax payments.
Has held fund raisers for both Hillary Clinton and Barack Obama for president. He has not indicated for whom he will vote, but he has expressed that both would make "great Presidents".
Buffett filed his first income tax return, deducting his bicycle as a work expense for $35.
SOURCE:http://en.wikipedia.org/wiki/Warren_Buffett
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