A Quote by Warren Buffett

I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that. — © Warren Buffett
I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
For the last five years, we have been presented with the idea that Barack Obama is superhuman. Barack Obama is unlike any of us or anyone else. And he isn't. In fact, he's much less achieved and much less accomplished than most who have gotten half as far as he has, and I think maybe what we saw was the best.
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
I'm going to create tremendous jobs. And we're bringing GDP from, really, 1 percent, which is what it is now, and if Hillary Clinton got in, it will be less than zero. But we're bringing it from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.
Barack Obama did get a higher percentage of the vote than anybody has in this country in 20 years. I mean, it was a resounding victory. I mean, whether his core constituency was 20 percent or what, his electoral constituency, which is how we measure elections, was 53 percent, which was, you know, historically high, the highest of any Democrat, other than Franklin Roosevelt and Lyndon Johnson.
I'm a big fan of Barack Obama. I think he carries a heavier burden and is held to a greater and higher standard than other candidates : I think there's a large, large portion of this country that feels disenfranchised and marginalized by the political process.
In a strange way, Hillary Clinton was helped and victimized by Barack and Michelle Obama.Michelle Obama was probably better than Barack Obama, if you think about it.Her speech is a masterful, masterful speech. And she delivered it in a persuasively conversational tone.
On the policy front, I just believe that Barack Obama was misguided. That he somehow sees this country as being in need of a drastic overhaul. What he tried to do actually hurt the country rather than helped it and the best example is Obamacare. It's a good idea to insure people who can't or won't buy insurance but you can't punish the working class to make it happen, which he did. Now everybody's paying higher premiums and more deductibles that's coming out of working people's pockets and that's one of the reasons that his legacy has been refuted.
Two percent of the people think; three percent think they think, and 95 percent would rather die than think.
I think that something is fundamentally wrong if a person of his great wealth is only paying 13.9 percent effective tax rate and most of Americans are paying 28, 30 percent and they make far less.
I think I have more optimism than they do and I think I have a better vision for the country than [Barack and Michelle Obama] do and I think it's a nasty statement. In actuality, it doesn't pertain to me.
Everything we do understand about the universe - the periodic table of elements, Einstein's laws, Newton's laws, all of chemistry, all of biology - that's 4 percent of the universe. We got to the moon on the 4 percent we do understand. We landed on Mars on the 4 percent we do understand. So the day we crack the nut of the rest of that 95 percent... Oh my gosh.
As you know, in this country Anglo-Americans are about 75 to 76 percent home ownership in this country, where Hispanics, African Americans are less than 50 percent.
And a lot of Barack Obama's support people are angry, don't like this country, from Bill Ayers to Jeremiah Wright on down. They think this country was founded in an unjust and immoral way and it has been unjust and immoral since it was founded. And it's about time it changed, it's about time the little guy got his share because the little guy is only little because everything's been stolen from him by the big guys.
I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out.
I think it's inarguable that Vladimir Putin has been a stronger leader in his country than Barack Obama has been in this country.
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