The coming social disaster as best I can figure

[BigV]

Dude.

Who's to say what is owed? There's a dispute. There's a question about the interpretation of the tax laws, such questions are resolved in court. Of course you know this already. It is the purpose of the court to decide which party's position is right. Until that judgement is rendered, the payment is pending.

You don't have the authority to say what Berkshire Hathaway owes in taxes, and neither does this Americans for Limited Government outfit. The court does. It's complicated because, surprise, surprise, the tax code is byzantine. The very kinds of things that complicate such points as "how much is owed" are the very things that provide the kinds of LEGAL opportunities to reduce Berkshire's tax liability. The very things that make it possible for a kabillion dollar corporation to pay a lower rate of taxes than, say, the secretary.

This story makes Buffet's very point that our laws are built in favor, OVERWHELMINGLY in favor, and to the tune of tons of money, in favor of the rich, and at the expense of our country. Thank you, TheMercenary, for highlighting Buffet's point that our laws need to be changed.

[TheMercenary]

Originally Posted by BigV

Thank you, TheMercenary, for highlighting Buffet's point that our laws need to be changed.

You are welcome.