Thursday, September 18, 2014

In Honor of "He Whose Name Dare Not Be Mentioned"



Billionaire investor Warren Buffett...


* BUT I'M GETTING AHEAD OF MYSELF...

...on Thursday again defended Burger King’s purchase of Canadian chain Tim Hortons, a deal criticized by many as an inversion plan by the fast food company to avoid paying U.S. taxes.

* WARREN BUFFETT IS A BIG "LET'S RAISE TAXES - ESPECIALLY ON THE RICH" GUY.

Berkshire Hathaway, the conglomerate where Buffett serves as president and CEO, invested $3 billion to help finance the deal.

* THE DEAL THAT WILL (IN LIB-SPEAK) "ROB THE TREASURY."

Appearing on MSNBC, Buffett insisted that the purchase was not a tax dodge.

* I BELIEVE THAT SHOULD BE, "LYING ON MSNBC, BUFFETT INSISTED..."

(*SNORT*) (*RUEFUL CHUCKLE*)

“It is a corporate inversion and many corporate inversions are tax driven,” he conceded. But Buffett insisted that the more than $11 billion Burger King paid for Tim Hortons significantly outweighed any tax relief the company will receive by relocating to Canada.

* HUH...?!?! THE $11 BILLION BOUGHT SOMETHING! THE $11 BILLION BOUGHT TIM HORTONS! TIM HORTONS IS A VALUABLE INVESTMENT! A VALUABLE INVESTMENT THAT ALSO BRINGS WITH IT A HUGE TAX SAVINGS - THE SAME HUGE TAX SAVINGS THAT BUFFETT HAS LONG PUBLICLY RAILED AGAINST...!!!

* WHAT... A... DOUCHE...!!!

Critics have insisted that the purchase was largely motivated by the company’s desire to avoid paying high corporate taxes in the U.S.

* WHO CARES WHAT THE MOTIVE IS?! CLEARLY THE ACTUAL OUTCOME IS TO "COST" THE U.S. FEDERAL TREASURY TAX INCOME WHILE FURTHER ENRICHING BILLIONAIRE WARREN BUFFETT!

* TO PARAPHRASE: "IT'S THE HYPOCRISY, STUPID!"

Buffett cited statistics that the highest amount of federal tax the company has paid in the last three years is $30 million. “If anybody would be paying $11.8 billion to save $30 million of federal income tax, they did not go to the math class I went to,” he quipped.

* NO! YOU DIDN'T PAY $11.8 BILLION TO SAVE $30 MILLION. YOU PAID $11.8 BILLION TO BUY A SUCCESSFUL BUSINESS BECAUSE YOU BELIEVE THAT SUCCESSFUL BUSINESS WILL BRING YOU PROFITS EXCEEDING THE BUY COST OVER THE LONG HAUL!

* AND... AND... AS A BONUS... YOU (AGAIN... ACCORDING TO LIB-LOGIC) "COST" THE FEDERAL TREASURY $30 MILLION... A YEAR! (AND MORE IF THE COMBINED BUSINESS GROWS!)

He also reiterated a point he had made several weeks ago that Burger King is significantly smaller than Tim Hortons. “It’s a case of the larger company being in Canada,” he said. “Tim Hortons earns twice as much money as Burger King.”

* WHICH IS WHY HE BOUGHT IT! BUT... IF HE WEREN'T A SELF-SERVING HYPOCRITE... HE'D MOVE THE NOW COMBINED "FAST FOOD EMPIRE" TO THE U.S. SO AS TO BENEFIT THE U.S. - SO AS TO SEE THAT THE U.S. TREASURY ACTUALLY GAINS RATHER THAN LOSES TAX PAYMENTS! INSTEAD, HE'S DONE JUST THE OPPOSITE.

* WHAT... A... FRIGGIN'... HIPOCRITE...!!!

Buffett over the years has emerged as an ally for President Barack Obama’s message of “economic patriotism” and tax fairness...

(*SMIRK*)

...urging higher rates for individuals and companies to pay their fair share.

(*GUFFAW*)

Buffett has made headlines for advocating for cracking down on millionaires who pay taxes according to the lower capital gains rate, noting that his secretary has paid higher rates than him.

* AS HAVE I. BUT WHAT HAS BUFFETT ACTUALLY DONE TO REFORM THE INEQUITIES WITHIN THE TAX CODE?

The president has often touted the so-called Buffett Rule named after the investor — a proposal that would ensure millionaires pay a minimum tax rate at least equal to that of middle-class people.

* WORDS. WHERE ARE THE DEEDS? AND BESIDES THAT... WHAT YOU'VE JUST READ IS GOBBLY-GOOK. NO SPECIFICS. NOT EVEN AN UNDERSTANDABLE CONCEPT! BEHAVIOR SETS TAX RATES. THIS IS WHAT WE NEED TO GET AWAY FROM. INCOME TAXES? YOU'RE TAXED BASED NOT UPON YOUR INCOME, BUT UPON YOUR INCOME... FAMILY INCOME... HOME-OWNER OR RENTER... KIDS (AND HOW MANY) OR NO KIDS... BLAH, BLAH, BLAH...

* FOLKS... OBAMA AND BUFFETT HAVE BEEN TIGHT FOR OBAMA'S ENTIRE ADMINISTRATION. OBAMA HAD "TOTAL CONTROL" OF THE FEDERAL GOVERNMENT VIA HIS PRESIDENCY COMBINED WITH BOTH HOUSES OF CONGRESS IN DEMOCRATIC HANDS FOR THE FIRST TWO YEARS OF HIS ADMINISTRATION! THERE WAS NO ATTEMPT TO FIX... TO RATIONALIZE... THE FEDERAL TAX CODE.

* PEOPLE! STOP ALLOWING YOURSELVES TO BE MANIPULATED!

Buffett’s involvement in the Burger King deal provided complications for the White House, given its increased attention to clamping down on corporate inversions.

* SO NOW BECAUSE IT'S BUFFETT POLITICO IS GOING WITH "CORPORATE INVERSIONS" VS. "TAX DODGE."

* FOLKS... GEEZUS... WISE UP!

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