Warm Southern Breeze

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Posts Tagged ‘Lord Jesus Christ’

Warren Buffett, General Electric and Jesus

Posted by Warm Southern Breeze on Tuesday, March 22, 2011

In a response to a reader’s remarks upon the entry “How to fix this ROTTEN economy,” I had quoted in context the published remarks of Berkshire Hathaway CEO Warren Buffett – whom is among the world’s wealthiest men.
Even “the Oracle of Omaha” Warren Buffet, CEO of Berkshire Hathaway, in his report to stockholders in 2003 wrote “Corporate income taxes in fiscal 2003 accounted for 7.4% of all federal tax receipts, down from a post-war peak of 32% in 1952. With one exception (1983), last year’s percentage is the lowest recorded since data was first published in 1934. “Even so, tax breaks for corporations (and their investors, particularly large ones) were a major part of the Administration’s 2002 and 2003 initiatives. If class warfare is being waged in America, my class is clearly winning.(emphasis added) Today, many large corporations – run by CEOs whose fiddle-playing talents make your Chairman look like he is all thumbs – pay nothing close to the stated federal tax rate of 35%.

The idea of taxation is Read the rest of this entry »

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , | 4 Comments »

 
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