Warren Buffett on tax reform

Part 2 of Judy Woodruff’s wide-ranging PBS interview with Warren Buffett:

  • GOP health care reform
  • tax reform
  • the root of happiness

2 thoughts on “Warren Buffett on tax reform

  1. Ken says:

    Be nice if he paid the billion or so he owes in back taxes

    • ColinTwiggs says:

      I don’t know about the back taxes but agree with what he said about incentives (regarding WFC): “Incentives work. The problem is that they work in either direction….”

      If you create bad incentives — and the tax code is full of them — they encourage bad behavior. Don’t blame the taxpayer, blame the system.

      Who pays more tax than they legally have to? As Kerry Packer maintained: “Pay your taxes but don’t tip ’em. They’re not doing that good a job.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s