Munger Asks, 'Who Wouldn't Want Rich People?' in Tax Pushback
By Katherine Chiglinsky
February 14, 2019, 6:49 PM EST Updated on February 15, 2019, 8:32 AM EST
Charles Munger, the longtime business partner of Warren Buffett, is skeptical of recent Democratic proposals to tax the wealthiest Americans.
“A lot of civilizations work very well with low taxes on the rich,” Munger, 95, said in an interview Thursday after the annual shareholder meeting in Los Angeles of the Daily Journal Corp., where he serves as chairman. “So it’s a very complicated subject” and there’s a lack of evidence that one system is better than another.
Democratic policy makers including Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez have advocated raising taxes on the rich. Munger, a Berkshire Hathaway Inc. vice chairman who owned more than $1.4 billion in company stock as of September, argued there’s a “lot of ignorance” around the tax issue. He said politicians oversimplify the problem, and their infighting doesn’t help the country overall.
“Hatred blinds reason and both sides are blinding reason,” Munger said. “How can it possibly be good?”
https://www.bloomberg.com/news/articles/2019-02-14/munger-pushes-back-on-wealth-taxes-says-issue-is-oversimplified?srnd=premium
Hey Munger, your last bit of fucking wisdom:
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Health Care
Berkshire teamed up with JPMorgan Chase & Co. and Amazon.com Inc. for a health-care venture, a task that Munger says is probably the hardest one on the agenda.
“I don’t know how it’ll work out,” he said. “There’s a lot of vested interests in that field who are probably from the status quo and it’s not going to be easy fixing anything.”
Your libertarian BS is just that, libertarian BS, in your quote, when looked at, makes it seem that health care should be privatized, with the help of your money and others, to make a fucking profit off sickness...............that are in the current the status quo.....................
I can't even afford to buy your B Stock. JP Morgan Chase is a blood sucking octopus, and Amazon, made 11 billion last year and paid ZERO in taxes, and got back over 123 million back because of loopholes, while I am and millions of others are going to get shit................please tell us what is wrong with this picture, I really want to know how much you and others get paid on those dividends of that so called " earned income " off those stocks..................and how much you are TAXED..................
I am not a fan of Berkshire Hathaway...................David Cay Johnson in his book ( “Perfectly Legal,” “Free Lunch” ) nailed your organization for what it is.............and in my opinion he is right................your nothing more than the newer version of the Rockefeller's and such........................
You should be taxed in my opinion at 90%...........................
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And raise you
