If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
One would think New York City officials would at least require detailed safety studies before allowing the new 30-inch line. Nope!
In between the analysis and absorption of the impact of both these government actions, Warren Buffett, the sage of Omaha, announced his intentions to buy the H.J. Heinz, the beloved ketchup brand of most Americans, for $23 billion.
There will be no end to tax loopholes for the rich, House Speaker John Boehner has asserted. The Republican ruling: The vast middle class, the elderly and the poor must suffer.
A little noticed piece of news emerged in the world of philanthropy this week. A dozen new billionaires signed onto the Buffett-Gates Giving Pledge.
In the case of Heinz, like Coke and the other product investments Warren Buffet has made, it does not appear that there will be any fresh challenge to Heinz's margins in the long-term based on the brand supremacy of their flagship product.
Is what I am proposing pretty radical and does it face an uphill battle in Congress? Absolutely. But the stakes are enormous for the country and nickel-and-dime tinkering with the tax system will not fix the problem.
Even if you had invested 15 years ago, not long before the start of the greatest secular bear market since the Great Depression, you would have compounded money at 4.72 percent per year. This also would have doubled your money.
I was part of the Buffett family for twelve years, married to his son, so I had a ringside seat and learned how the master worked. I have made a career explaining why Warren Buffett is attracted to certain stocks or chooses to buy certain companies outright.
Saving, investing and growing your net worth gives you the greatest freedom of all, because you're no longer tied down by the limits of money; you're free to travel, to move, to take risks, to ascend in your career, to take care of your family and to handle unexpected surprises.
Should investing be governed by simple rules? It not only should be. It must.
While the long-term future may be 3-D printing, and it's sexy to watch someone print a prototype kidney at TED, there's something wildly exciting about connecting folk to factories.
Now that the Hathaway Effect has been widely acknowledged, how could it be manipulated? Now I'm not suggesting any nefarious motives or a full-scale Elizabeth Warren-inspired NYSE investigation into vaginagate, but...
If one of the world's most successful investors, Warren Buffett, calls you on the phone and gives you a specific investment tip would you reply that it depended on the taxes that affect the income from the investment?
The "tax the rich" policies so far being discussed (at least the ones that leak out to the public) are laughably timid and tame, when you really examine the big picture.
It is noteworthy that neither the Democrats nor the Republicans are proposing increases in the estate tax. As always, the latter are putting forth their usual lame arguments for lowering or eliminating it.
What would you do if every time that you gave your child allowance, he or she spent it and then some? What if over a period of years, your child not ...
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