The Oracle of Omaha: Buffett Rules

MarketWatch says in an interview with Cathy Baron Tamarz, the CEO of his own company, Business Wire, Warren Buffett reiterates that those earning over $1 million should pay the same percentage in income taxes as middle-class Americans. Noting it is class warfare, he said, “My class has won. You’ve seen a period where the American workers have generally gone no place and where the really super rich as a group increased their incomes five-for-one in this rarified atmosphere.” On the prospect of having a tax in his name, he retorted,” It has been my childhood ream to have a tax named after me.” Commenting on the European debt crisis which is all tied to the Euro, he said relinquishing your currency is not a good idea. As for investing money, he suggests two books on economics and investing: “If you understand chapters 8 and 20 of The Intelligent Investor (Benjamin Graham, 1949) and chapter 12 of the General Theory (John Maynard Keynes, 1936), you don’t need to read anything else and you can turn off your TV.” Buffett’s Berkshire-Hathaway bought Clayton Homes in 2003.

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