Economics (Justice,Greed,Tax)

Warren Buffett’s $23 Million Refund – and Class Warfare

Warren Buffett is getting a $23 million refund from the IRS. (McCook Daily Gazette) Since he’s the 2nd richest guy in America he probably is not hurting for the cash. Still it’s kinda nice. Most of us are glad whenever anybody gets from the IRS what is legally due them – especially when the winner is a Nebraskan.

But let’s not let this incident mislead us as to Buffett’s take on current tax policy.

In an interview recently (in May on CNN) he said,

The rich people are doing so well in this country. I mean, we never had it so good …. It’s class warfare, my class is winning, but they shouldn’t be.

What he calls “my class” is – no surprise – a very thin slice at the top, and that slice does not really include Southwest Nebraska.

Warren Buffett is certainly not a radical, nor one of the “hate America firsters”, nor anti-business. He’s very sensible about financial matters, and he loves America and business in America.

He also said,

Right now corporate profits as a percentage of GDP in this country are right at the high. Corporate taxes as a percentage of total taxes raised are very close to the low …. So, you know, corporate America is not suffering, I’ll put it that way.

Buffett thinks things are not right with our tax structure, with our national debt, and with our international balance of trade. If he has thoughts like that, it’s not surprising that most of the rest of us have similar concerns.

The LORD enters into judgment
against the elders and leaders of his people:
“It is you who have ruined my vineyard;
the plunder from the poor is in your houses. (Isaiah 3:14)

“So I will come near to you for judgment. I will be quick to testify against sorcerers, adulterers and perjurers, against those who defraud laborers of their wages, who oppress the widows and the fatherless, and deprive aliens of justice, but do not fear me,” says the LORD Almighty. (Malachi 3:5)

You have hoarded wealth in the last days. Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. (James 5:3,4)

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  • The odd thing about this class warfare is that in the US, the wealthy side is taking the offense. For CNN reported Friday that the Red Cross is bankrupt due to mismanagement of funds. This, despite oceanic levels of public gifts during hurricane Katrina.

    How? Because the Red Cross has been placed under the aegis of Homeland Security. Homeland Security Chief Michael Chertoff announced on Tuesday (Oct 25) that FEMA is going to take over all of the Red Cross’s emergency and temporary housing program. This puts FEMA in charge of all emergency and temporary housing facilities and compounds, stores of foods and goods, and transportation capabilities. FEMA will command and control not only the Red Cross’s operation, but also other independent charities which fund emergency shelter and housing compounds. These resources are effectively being confiscated.

    Michael Chertoff (whose name translates, roughly, ‘of the Devil’ in Russian) has thus effected a partial coup. This does not merely nationalize Red Cross’s operations; it militarizes them as well under the P.A.T.R.I.O.T Act.

    And now the Red Cross’s moneys are gone, by their own report. This is not unusual, as the Bush Cabal has methods of appropriating all kinds of funds, spending them on war-making activities, and hiding over-indebted funds by listing them as assets through hypothecation (look up the banks known as ‘hypothecaries’ which falsely count debt as an asset, then ‘reinvest’ these hypothecated debts in other banks – yes this is fraud on a grand scale), and the method of listing debt as an asset through what are called ‘derivatives.’ There went your money, US taxpayer. Two or three generations down the road, our country will not see the repair of all the debt the Bush regime has saddled upon us.

    Who are the crooks? Follow the money. Chertoff takes over; then the Red Cross announces it is broke.

    We are seeing the disintegration of public welfare on a global basis, thanks in great measure to the Bush regime’s insane deficit spending and global policies. One thing that does not seem too important to any US media sources, is that today for a tenth night in a row, Paris is burning due to massive riots by the poor. This is a foreshadow of what is to come in the US. The world’s leaders – who are surely involved in developing a world government – are gouging the resources allocated to the poor without conscience.

    An aside: political heave-ho includes Chertoff being inserted in the presidential succession line-up – he is the number 8 person who would take over as president. The only reason that can be done, by the way, is because Article 25 stops there. In other words, there’s no constitutional specification beyond number 7. Watch that man Chertoff! Jesus said to watch, and He probably wasn’t indicating the choir.

  • The odd thing about this class warfare is that in the US, the wealthy side is taking the offense. For CNN reported Friday that the Red Cross is bankrupt due to mismanagement of funds. This, despite oceanic levels of public gifts during hurricane Katrina.

    How? Because the Red Cross has been placed under the aegis of Homeland Security. Homeland Security Chief Michael Chertoff announced on Tuesday (Oct 25) that FEMA is going to take over all of the Red Cross’s emergency and temporary housing program. This puts FEMA in charge of all emergency and temporary housing facilities and compounds, stores of foods and goods, and transportation capabilities. FEMA will command and control not only the Red Cross’s operation, but also other independent charities which fund emergency shelter and housing compounds. These resources are effectively being confiscated. .

    
    Michael Chertoff (whose name translates, roughly, ‘of the Devil’ in Russian) has thus effected a partial coup. This does not merely nationalize Red Cross’s operations; it militarizes them as well under the P.A.T.R.I.O.T Act.

    And now the Red Cross’ moneys are gone, by their own report. This is not unusual, as the Bush Cabal has methods of appropriating all kinds of funds, spending them on war-making activities, and hiding over-indebted funds by listing them as assets through hypothecation (look up the banks known as “hypothecariesâ€? which falsely count debt as an asset, then “reinvestâ€? these hypothecated debts in other banks – yes this is fraud on a grand scale), and the method of listing debt as an asset through what are called “derivatives.â€? There went your money, US taxpayer. Two or three generations down the road, our country will not see the repair of all the debt the Bush regime has saddled upon us.

    Who are the crooks? Follow the money. Chertoff takes over; then the Red Cross announces it is broke.

    We are seeing the disintegration of public welfare on a global basis, thanks in great measure to the Bush regime’s insane deficit spending and global policies. One thing that does not seem too important to any US media sources, is that today for a tenth night in a row, Paris is burning due to massive riots by the poor
    . This is a foreshadow of what is to come in the US. The world’s leaders – who are surely involved in developing a world government – are gouging the resources allocated to the poor without conscience.
    
    An aside: political heave-ho includes Chertoff being inserted in the presidential succession line-up – he is the number 8 person who would take over as president. The only reason that can be done, by the way, is because Article 25 stops there. In other words, there’s no constitutional specification beyond number 7. Watch that man Chertoff! Jesus said to watch, and He probably wasn’t indicating the choir.

  • We learned yesterday that the Red Cross is bankrupt – this despite the oceanic volume of gifts following hurricane Katrina.

    I have read a report in Al Martin that Homeland Security, under the mastery of Chertoff (whose name, by the way, is reported to mean literally “of the devil� in Russian), has appropriated the wealth of the US Red Cross. They are now under the aegis of Homeland Security.

    What does this mean? The same way the Bush/Cheney Cabal have bled monies from the treasury, and hidden fraud and embezzlement, the Cabal has bled the money from the Red Cross. Christians, please learn of the frauds that this administration is perpetrating against the country. Look up the meaning of the word “hypothecate,� study the foreign banks that work as “hypothecaries,� which is a method of listing debt as an asset to further “invest� this bogus asset.

    Two or three more generations will not see the repair of all the economic injury this Cabal has done to our nation and our people. Who are the crooks? Follow the money…

  • Did you see in today’s headlines on YAHOO, Panel Recommends Major Tax Law Overhaul. Guess who this will pertain to? Homeowners who are buying homes at record high. They are going to limit mortgage interest to “average regional price of housing price ranging from $227K to $412K. I am a realtor and just sold a house that is 900 s.f. (2br, 1 ba) for $451K. Just keep on squeezing the poor people until they will be dry. When will the people rise and do something about all these. High energy prices, discrimination, etc., etc.

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