3.06.2004

A BILLIONAIRE'S CONSCIENCE

Astoundingly, billionaire investor and head of Berkshire Hathaway Warren Buffett wrote in his letter to investors that Bush tax cuts have gone largely to well-to-do Americans and large corporations.

"If class warfare is being waged in America, my class is clearly winning," he writes.

The article notes that Berkshire's taxes rose more than eleven-fold to $3.3 billion from 1995 to 2003, as profits rose ten-fold to $8.15 billion. Yet, federal income taxes paid by all U.S. companies fell by 16 percent, to $132 billion in the same period

Buffett, the world's second-wealthiest person, is worth $42.9 billion.

Apparently, you can have both a conscience and a fortune.

0 Comments:

Post a Comment

<< Home