For whatever reason, wanna-be entrepreneurs are continuing to worship CEO of Berkshire Hathaway and the word’s richest hypocrite, Warren Buffet. Yes, the guy is a genius in a certain way, but he’s not a guy who anyone wants to be rich should be supporting in any way, shape, form or fashion.
What people don’t seem to understand, is that despite his enormous net worth, hypocrite Warren Buffett is VERY VERY “anti wealth”. He does not believe ANYONE should be rich, not even him. That’s why he lives in a crummy old house he bought back in the 1950’s. That’s why he only buys a new car about once every 15 years, and that’s why upon his death, his fortune is going to be given to charity, and not his family.
Anyone who attends his annual shareholders meeting to cheer him on is just shooting themselves in the foot. As Warren gets closer to pushing up daises, he continues to become more and vocal about his hypocritical and anti-wealth views.
In 2007 Warren Buffett went before the Senate and BEGGED them to keep the estate tax. The estate tax is currently 45% in the United States. So if you inherit $1,000,000 in cash, and a $1,000,000 house you’re going to be rich, right?? WRONG!! Thanks to Warren Buffett and political slime like him. First, you are going to give Uncle Sam 45% which is $450K out of that $1MM in cash. But wait, there’s more! You’re now also automatically in the highest tax bracket. Get ready to hand over another 33%+!!!! Out of that $1,000,000 in cash your family worked so hard for and hope to hand down to you, you will be LUCKY to walk away with $350K in cash.
Does your ass hurt from that reaming yet? Get ready for more because here comes Round 2, and it you’re going to take it twice at the same time. This is what’s called in the porn world “DP” for double penetration.
Remember you also inherited a $1,000,000 house. Guess what? You have to pay 45% estate taxes on that too. Yup, 45%!! BEND OVER SUCKER!! So now you need to come up with $450,000 to pay the taxes on the house. But you only have $350K left over because you had to pay those severe taxes Warren is so supportive of. So guess what? Now you’re IN THE HOLE $100K!!!!!! At this point you only have two options. One is to dig into your life savings and come up with an extra $100K. The other is too sell the house to raise the extra $100K. Suppose for example that you chose the later. You sell the house to come up with the extra $100K. Guess what now? Here comes another huge cock to screw you again cause you’re not only going to have to pony up that $100K, but now you have to pay 33% on that $900K “income” you just earned. There goes another $300K!.
So, after the potential for $2,000,000 you just had, you will be lucky to have $500K in cash left over when all the ass reaming is done.
Warren Buffett knows all this, and he went in front of the Senate and begged them to keep it this way. Keep this in mind before you ever have anything positive to say about Warren Buffett. He’s not someone who you want to be supporting.
But wait, there’s more…
Warren Buffett thinks the rich don’t pay enough in taxes. So if you ever want to be rich, Warren Buffett is your worst enemy. He’s becoming more and more vocal about this too.
During an interview on NBC, Buffett flashed a poll he had taken of his coworkers asking them how much they paid it taxes. They paid about 33% on average the poll showed. Warren made it a huge point that he “only paid” 17%. What the A-hole of Omaha failed to mention is that these are taxes on his investments, which are capital gains taxes, NOT income tax. Capital gains taxes and income taxes are not the same thing. If his employees want to go make investments, they will be taxed 17% on them just like Warren.
Warren recently challenged the Forbes Top 50 to disclose how much they pay in taxes. If they would admit, then Warren agreed to make a $1,000,000 donation to charity (tax write off). None of the Billionaires and multi millionaires stepped up. Why? Because they are smart and don’t want to shoot themselves in the foot.
On top of that Warren uses the same tax loopholes as them to make sure he’s paying minimum taxes. But I don’t hear him mentioning that. Why? Because he’s a hypocrite.
The sooner the A-Hole of Omaha is toes up, the better off the worlds rich will be, and so will you.
You want to worship someone smart, rich and powerful? Go worship Bill Gates. He’s just as smart, just as much money, not a total hypocrite and not on a serious mission to screw it up for everyone else before he dies.

On: March 20, 2008 at 6:16 am
# 80
Hey this is a very interesting article bout Warren…and you have a fantastic layout btw.
Anyways, best of luck to you and your website,
On: March 20, 2008 at 5:11 pm
# 81
Great post, your numbers seem a little weird but I can’t figure out why without getting pen and paper out, but still a great expose.
On: March 20, 2008 at 11:18 pm
# 89
Hmmmm Perhaps I spoke to soon on the comment on Buffet’s house. Here’s a question though. If he doesn’t think anyone should be rich including himself then why isn’t he giving his fortune away? I could see how his spoken statements and his behavior would be hypocritical. On the other hand he has been known to say about passing on wealth that you should give your kids enough so that they believe they can do anything, but no so much that they believe they can do nothing.
On: March 20, 2008 at 12:06 am
# 90
He is giving his money away. He just gave away 85% of it to the Bill and Melinda Gate foundation.
http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune
On: March 20, 2008 at 9:38 pm
# 93
Many sources place Buffet’s net worth around 50 Billion. So giving the Gate’s foundation a gift of 85% of his wealth would still leave him with 7.5 Billion dollars. Still pretty rich!