Rakings & Scrapings of Modern Capitalism

[SparkyMac]

Why do we have to read British newspapers to find stuff like this ?

"...Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (£25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed."..."

http://business.guardian.co.uk/story/0,,2202020,00.html

Buffett is an interesting old codger. Considered to be the second richest man in the world, he proves once again that anybody born in America can become rich. That is if they are born to the right parents -- or are born with a strong will. Buffett was born to the right parents. His father was a stock market swindler and helped young Warren learn about stocks.

Unlike Warren, Howard Hughes is an example of how important it is to have a strong will. Howard's father's will was very strong. It left Howard a couple of million dollars and a munitions factory. Which is always a help to a budding capitalist. .

But unlike Howard and his father, Buffett got his start -- not in industry -- but in agriculture. Yep, slavery was gone, so the teen-aged Warren bought a little land and engaged in "share cropping". That's the institution that replaced slavery in America. He did so well there that he immediately graduated to industrial piracy.

Just a few thoughts about our wealthy (rakings & scrapings) masters. Remember, we in America are engaged in an economic war. And the rich folks are winning.

[izzie]

1. I think the land use to get rich came from England. But what ever

the rich are winning. If profits are your God you can do any thing