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The staggering hypocrisy of Warren Buffett
American Thinker ^ | 05/07/2023 | Jack Hellner

Posted on 05/07/2023 4:57:36 PM PDT by SeekAndFind

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To: SeekAndFind

FDIC premiums have been far too low considering the risks, so the FDIC is underfunded as it is.


21 posted on 05/07/2023 6:22:23 PM PDT by Brian Griffin
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To: Carriage Hill

ABCWXYZ


22 posted on 05/07/2023 6:31:37 PM PDT by sasquatch
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To: Brian Griffin

FDIC premiums have been far too low considering the risks, so the FDIC is underfunded as it is..........

correct so the fdic should raise rates and make available extra insurance over fdic $250,000

also DIF covers all deposits in banks with DIF=depositers insrance fund
https://www.difxs.com/DIF/DIFFAQs.aspx


23 posted on 05/07/2023 6:40:43 PM PDT by rolling_stone
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To: SeekAndFind
For example, Berkshire Hathaway pays a zero dividend rate no matter how much excess cash it has so he doesn't get double-taxed. Then he donates stock at current value, instead of his cost, in order to reduce his tax. It is a huge subsidy that helps only the rich. Why doesn't he sell the stock, pay the capital gains tax, and donate the excess if he wants to pay more?

You’re conflating several different things.

Buffett believes (and has demonstrated) that stock buybacks benefit the shareholders more than dividend payouts. He’s consistently against dividends, even among stocks he holds. You can look up his rationale.

Buffett has said many times that he will take advantage of the laws available to him. What do you care about his donation methodology?

24 posted on 05/07/2023 8:24:09 PM PDT by IncPen ("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
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