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Author: Goofyhoofy Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 227272  
Subject: Re: Buffett Calls for 'Strong' Estate Tax Date: 12/13/2012 9:03 PM
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I'll say it again. I will listen to what he says (about taxes), when he decides to give his money to the government rather than to the Gates Foundation. Which one would you trust your money with?

Without question, the government. I have no say, zero, over what happens at the Gates Foundation. I never will. Nothing I can ever do will influence them. With government, at least I get a nominal vote every two years, and if I lose, well, I still had a chance.

Moreover, the Gates Foundation has many goals which are meaningless to me, while government has many that I find important. Like building roads, hiring teachers, paying police and firemen, forming an army, and, sometimes not so well, regulating financial markets and other things which I think a pretty good idea.

The Gates Foundation also has many laudable goals, but I'm not sure "better flush toilet" or "encouraging use of computers" is a biggie, either.

As for "trust", well, I view the guy who ran Microsoft as a criminal enterprise after agreeing to stop the anti-competitive practices and then continuing them in violation of his own consent decree, while fighting in court his right to stomp competitors into the dirt with monopolistic practices, as particularly untrustworthy. Perhaps he has reformed. Even Andrew Carnegie built libraries.

For such an incredible businessman, he sure has a very naive analysis of the government and ignores how it can be corralled by various interest groups.

Given that he was one of them, spent untold millions being on of those interest groups, this is a particularly ironic assessment, or perhaps blindered on your part?

I would prefer not to post on this subject, but when he goes national and what he says the White House uses to push their agenda, it irritates the hell out of me.

I would prefer not to post on the subject, too, but when people tell Warren Buffett that he should keep his mouth shut because he is somehow too stupid to understand how the economy works, it irritates the hell out of me.
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