General Discussion

HiPointDem

(20,729 posts)

37. Warren buffett *is* berkshire. he & "charley" control the company. and yes, it *is* a tax dodge.

Wed May 9, 2012, 07:32 AM

May 2012

and yes, buffett is a fraud.

As of July 1, 2010, Buffett owned 32.4% aggregate voting power of Berkshire's shares outstanding and 23.3% of the economic value of those shares.[14]

Berkshire's vice-chairman, Charlie Munger, also holds a stake big enough to make him a billionaire, and early investments in Berkshire by David Gottesman and Franklin Otis Booth resulted in their becoming billionaires as well. Bill Gates' Cascade Investments LLC is the second largest shareholder of Berkshire and owns more than 5% of class B shares.

http://en.wikipedia.org/wiki/Berkshire_Hathaway

You can control a company by just owning 5% of it. Buffett owns 1/3 on his own & his minions' shares (including his partner in fraud bill gates) bring that up even more.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

54 replies

= new reply since forum marked as read

Highlight:

Buffett:�When Charlie and I took this job,we did not agree to put our citizenship in a blind trust.� [View all] Scuba May 2012 OP

I love Mr. Buffet JustAnotherGen May 2012 #1

That is truly unreal! freethought May 2012 #2

My birthday's coming. A Berkshire Hathaway share would be a nice gift. aquart May 2012 #3

They are easier to gift wrap too! :) n/t freethought May 2012 #4

I think that's only the class 'A' shares though laundry_queen May 2012 #11

I wish Buffett would pay his taxes. former9thward May 2012 #5

BH is not WB azureblue May 2012 #6

The 9th ward refers to a minor elected position I had in Chicago. former9thward May 2012 #8

That person is right though laundry_queen May 2012 #10

I think both you and former9thward have points, but are coming at this from different perspectives. Zalatix May 2012 #18

New York Post DallasNE May 2012 #13

Since you think the Post is making up a story let's go to the BH annual report. former9thward May 2012 #15

First, You Provided A Link DallasNE May 2012 #16

I provided the only link I could find. former9thward May 2012 #20

I Was Quoting From My Hard Copy DallasNE May 2012 #24

Well at least you have disclosed your interest in this. former9thward May 2012 #27

and you could disclose your interest in being negative towards Schema Thing May 2012 #42

I don't believe in double standards. former9thward May 2012 #44

Might be worth talking about IF GE or Exxon paid taxes. n/t Horse with no Name May 2012 #21

Exxon is probably the largest taxpayer in the country. former9thward May 2012 #22

"According to Exxon" Horse with no Name May 2012 #23

You said they did not pay any taxes. former9thward May 2012 #26

In 2009 they paid ZERO taxes Horse with no Name May 2012 #28

You are picking the year of the economic collapse. former9thward May 2012 #29

35% isn't "standard" at all. that would mean most businesses pay that. they don't. HiPointDem May 2012 #39

My point exactly BUT I was using the OPs own source. n/t Horse with no Name May 2012 #47

Warren buffett *is* berkshire. he & "charley" control the company. and yes, it *is* a tax dodge. HiPointDem May 2012 #37

What is your source for claiming that "you can control a company by just owning (sic) 5% of it"? spooky3 May 2012 #45

Point is that 5% is usually a very large stake. Lucky Luciano May 2012 #49

It is NOT control. spooky3 May 2012 #51

Whatever. It is a ton of fucking power. nt Lucky Luciano May 2012 #53

He doesn't agree (yet) that Berkshire Hathaway owes this money. spooky3 May 2012 #48

Of course he doesn't admit it. former9thward May 2012 #50

Everyone is entitled to his/her own opinions, but not to his or her own facts. spooky3 May 2012 #52

How about the fact that Buffet evades the estate tax. former9thward May 2012 #54

Loves me some Buffett zzaapp May 2012 #7

What Do You Want To Bet DallasNE May 2012 #9

�Sounds like your father should buy stock in Fox.� progressoid May 2012 #12

Awesome. Skinner May 2012 #14

Zing! Some rich forget that being mega-rich spooky3 May 2012 #31

Ha. K&R. n/t jtuck004 May 2012 #17

good comeback n/t davidwparker May 2012 #19

Greed is sad Thrill May 2012 #25

Let's go back to the days of top tax rate of 70% Angry Dragon May 2012 #30

Rather stunning tongue twister Why Syzygy May 2012 #32

thanking Mr. Buffett Skittles May 2012 #33

How did Steven King put it: Some would set themselves on fire rather than pay a dime in taxes. Festivito May 2012 #34

wtf is buffett talking about? berkshire is in arrears on its tax bill & fighting paying it. he put HiPointDem May 2012 #35

Addressed above. Scuba May 2012 #36

not addressed at all. rationalized. cause buffett is a democratic donor. HiPointDem May 2012 #38

Addressed does not mean "satisfies all". Just addressed. Scuba May 2012 #40

i could "address" it by saying buffett is zeno from mars and therefore doesn;t have to pay taxes. HiPointDem May 2012 #41

no, it couldn't be addressed that way. It was addressed with pertinent facts. deal with it. Schema Thing May 2012 #43

warren buffett owns 1/3 of bh's voting stock and his minions control more. he controls the HiPointDem May 2012 #46