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    Frank James
    The Swamp
    March 12, 2009

    During his three-hour appearance on CNBC today, Warren Buffett, the world’s most famous investor, described the cap-and-trade plan to limit greenhouse gas emissions which President Barack Obama included in its recent budget proposal as a “pretty regressive” tax.


    Buffett, an Obama ally, is clearly not synched up with the White House message. He has given opponents of the proposal a powerful bit of ammunition to work with.

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    And by describing the taxes that would be imposed as eventually regressive since they would be passed along to consumers, Buffett has said, not in so many words, that Obama would hurt the low and middle income Americans the president sees himself championing since a larger share of their incomes would go towards paying higher utility bills than would be true for the more affluent.

    But Buffett has long been outspoken, which is one of the reasons the Obama people liked him when he sided with them during the presidential campaign.

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    Comment Rules

    21 Responses to “Warren Buffett: Obama carbon-tax ‘regressive’”

    1. later Says:

      we have decided?
      he didn’t say that did he?

      Social Viability Reply:

      He sure did: “We have decided (a tax) is needed…?”

      Which “we” is talking about? The politician/banker/corporate “we” or the American people “we”?

      I wonder if Buffet thinks “we” should just ignore corruption of the monetary system?

      He seems to be okay with the Federal Reserve looting the economy. After all, he’s going to live large either way.

      The central bankers took over America in 1913. America was conquered when the Federal Reserve Act was passed.

      It is time for revolution. And the only revolution that will be effective against the central bankers is a monetary revolution.

      If you stop using the filthy money that they supply to you, their banking system will dissolve. When you switch to an alternative currency the bankers will no longer be able to steal from you through inflation and usury. You will not be dependent upon them for credit and you will no longer be dictated to by the politicians that the bankers employ.

      Don’t fight the system:
      Replace it
      http://socialviability.com/

      Chuck Reply:

      (responding to pervious post) Do you use an alternative currency, or are you just telling us what to do? Actually it is better to use you current earning power to convert it into assets before the hyperinflation so you have more power then.
      How do you propose we stop getting paid in dollars; don’t companies have to report their salaries in dollars!
      Don’t just give me crap, tell me something!

      Ann Reply:

      I love wood pulp currency, it’s so valuable. HA!

      Social Viability Reply:

      “Do you use an alternative currency, or are you just telling us what to do?”

      I save my money in metals. But for transactions I haven’t found another currency that I can use. So I developed a currency and economic system. The system hasn’t gone live yet – I’m signing up members and when the online system is developed you’ll have the opportunity to do what I’m preaching. In the meantime, feel free to start some competition with me.

      “Actually it is better to use you current earning power to convert it into assets before the hyperinflation so you have more power then.”

      Your approaching the subject from a personal finance point of view. Nothing wrong with that. But I’m talking about a social economic system – one that will foster greater social prosperity and eliminate the need to hedge against inflation. It makes perfect sense to purchase assets with your money, but you still pay your dues to the central bankers. Your cost of living would plummet if their plundering was removed from the economic equation.

      “How do you propose we stop getting paid in dollars; don’t companies have to report their salaries in dollars!”

      I’m creating a system that will allow companies to pay you in an alternative currency. Until you can get paid that way, you can exchange your money for my alternative currency. And if you can start your own business using alternative money, all the better – then you’re not relying on any salary paid in worthless paper. I’m encouraging employers to jump off the economic grid altogether. Report nothing! Yes, I know the IRS will get mad. But don’t worry. The US Govn will not survive much longer the way they are behaving.

      Don’t fight the system:
      Replace it
      http://socialviability.com/

      Neocon Narc Reply:

      I thought he was talking about him and the mouse in his pocket when he said “we”.
      You guys are silly.

    2. NINO WANTS A STOGIE Says:

      REPENT.UNITE.RESIST.

      Cavemaaan Reply:

      or is it RESENT,G-NITE,DESIST.

      lolnubs Reply:

      SHUT.THE.f---UP

    3. inyourservice Says:

      http://www.henrymakow.com

    4. JO-JO BINKS Says:

      “So”, one again the LITTLE PEOPLE, the one’s that warship the SAVIOR OBAMA-ROMA…. are about to get a ROYAL “ASS-f---!”…”EXCUSE ME LANGUAGE” FOLK’S… WE ARE ABOUT TO GET MURDERED… THANK YOU ALL KNOWING-ALL POWERFUL MONEY CHANGERS………..

    5. ARM-RESIST Says:

      Im curious as to how the obama worshipping idiots feel about this. My money says they’ll support it, cause obama thinks its a good idea.

    6. HYPOCRITES Says:

      OMG
      http://www.youtube.com/watch?v=drI83eGNZtE

    7. CBM Fan Says:

      This kind of says it all
      http://www.youtube.com/watch?v=uw5dP5gy2Vs

    8. Warren Buffett's an asshole Says:

      Should anyone really listen to a guy who was and probably still is Osamas top economic adviser?!

    9. SERFIN USSA Says:

      Remember this s---:

      May 5, 2002

      By JOE RUFF, Associated Press Writer

      OMAHA, Neb. (AP) – Investment guru Warren Buffett (news – web sites) offered a bleak prediction for the nation’s national security, saying a terrorist attack on American soil is “virtually a certainty.”

      Envy and dislike of the United States have fueled rage against the country even as the ability to build a nuclear device has spread, Buffett said Sunday at the final day of Berkshire Hathaway Inc.’s annual meeting.

      “We’re going to have something in the way of a major nuclear event in this country,” said Buffett, the firm’s chief operating officer. “It will happen. Whether it will happen in 10 years or 10 minutes, or 50 years … it’s virtually a certainty.”

      Washington and New York would be the top two targets because terrorists want to traumatize the country and kill as many people as possible, Buffett said.

      Chemical or biological attacks are similarly high risks, Buffett said.

      Buffett is the second-richest man in the world with holdings in Coca-Cola Co., American Express and The Washington Post, but his main business is insurance.

      Berkshire Hathaway’s insurance companies — particularly General Re Corp. — took a $2.4 billion underwriting loss because of the Sept. 11 terrorist attacks in New York and Washington.

      The companies are now writing policies on terrorism but limiting their liability in any nuclear, biological or chemical attack. Only the federal government can ultimately insure property and other damage from a major terrorist attack, Buffett said.

      The 71-year-old Buffett and vice chairman Charlie Munger met with the news media the day after they spent six hours answering questions from some of the more than 10,000 Berkshire shareholders gathered for the annual meeting.

      ///////////////////////

      ANOTHER FEAR MONGERING GLOBAL ELITIST! GO SUCK ON A TAILPIPE OLD MAN!

    10. Tears for Money Says:

      Any tax, unless it is a progressive tax on income based on increasing amounts of money earned is a regressive tax and the poor suffer most. No matter if it’s repukes or demrats. They all tax and screw the least able to pay.

    11. CBM Fan Says:

      This kind of says it all.
      http://www.youtube.com/watch?v=uw5dP5gy2Vs

    12. Mac-101 Says:

      It doesn’t take a rocket scientist to figure out if all energy costs go up 15 to 20% the poor and middle class will pay a larger chunk of their disposable income than the rich. Mr Buffett should be ashamed of him self. President Obama made it clear he was going to support carbon credit taxes during the entire primary and general election. What, he didn’t beleive him then? Did he think they were “Just words, Only Words”?

    13. CBM Fan Says:

      This kind of says it all…..
      http://www.burtonharvey.com/cornbreadmafia

    14. CBM Fan Says:

      This kind of says it all……
      http://www.youtube.com/watch?v=uw5dP5gy2Vs

      Click on ‘CBM Fan’ to download it for free…