We must listen to Warren Buffett – and learn from him
Warren Buffett announced earlier this month that he would retire as a CEO of Hathaway by the end of the year. The multinational group, which he acquired in 1965 when it was a textile factory, became the first non -technical company to reach a $ 1 trillion market roof. At the age of 94, Pavite is the fifth richest person in the world.
We can learn a lot about economics, politics, charitable work, taxes and definitions from “Oracle Omaha”.
Buffett was born in 1930, an American success story. He started earning money to sell gum, old golf balls, stamps, calendars, newspapers and magazines from door to door before he was a teenager. At the age of fourteen, he made his first tax declaration, obtaining a $ 35 discount for his degree. By the fifties of the last century, he was gaining a reputation as one of the “valuable investors” in the country.
Pavite attributes his wealth to live in the United States, and works within the free market capital system, as well as “some fortunate genes and complex attention.” Being a male and white, realizes, “also removed huge obstacles from facing the majority of Americans” in his generation.
Pavite, who became billionaire in 1985, always lives modestly. He lives in the same five -bedroom home in Omaha, which he bought in 1958 for $ 31,500. Most of the morning, eating breakfast in McDonald’s on his way to work; He is addicted to McNugtes chicken. Pavite buys a new car “very unacceptable.” He did not trade in his face phone for a smartphone until 2020.
“I don’t need luxury clothes. I don’t need a luxurious food,” he says. “I have everything I need and I will not need anything because no difference happens after a point.” Buffett excluded about 20 years ago, as he admitted, when he boasted on a private plane to make travel easier.
He revealed that between 2014 and 2018, his effective tax rate was about 0.1 percent, Bavate insists that the wealthy Americans should not pay a smaller percentage of their income from their employees who do not suffer from their effects. His proposal was named 30 percent of the tax on people who achieve more than a million dollars every year, “Buffett Base”. He is proud to pay the 26.8 billion dollar Berkchire Hathawi taxes in 2024 – the largest in the history of the United States.
If the largest 800 companies in America pay their “fair” share, Pavite’s claims (undoubtedly with deliberate ambiguity) may be federal taxes for most Americans near scratch. The fair tax law will reduce the burden on the Americans of the middle class and the working class, and provide resources for public services and infrastructure and help in paying the national debt. Equally important, according to Bavate, the government must “take care of many who, without error on their own, must get a short straw on life. They deserve better.”
In 2006, Buffett committed to contributing to five charities each year, setting the vast majority of money to Bill and Melinda Gates Foundation Trust. His total donations in 2024 amounted to $ 5.3 billion. Buffett’s pledge determines that 99 percent of his wealth will go to charitable work during his life and death. He also urged the wealthy Americans to allocate at least 50 percent of their wealth to charitable organizations.
Recently, Pavite took global trade and definitions. In March, he stressed that over time, “it is the tax on goods. I mean that the dental fairy does not pay them. What? You always have to ask this question in the economy. You always say, and what?”
“Then, implicitly, the consumption tax on its essence would fall inappropriately to the Americans of the middle class and the working class.
In May, Puffett said it was not a good to design a world in which some countries say, “Ha, her, ha, we won.” In a clear reference to the wars of the tariffs that the Trump administration started, I considered it a “big mistake” on “7.5 billion people you don’t like well and have 300 million who wander around how they commit.”
“The more prosperous the world, Buffett declares,” The more prosperous we become – and the more safe we feel and our children will feel one day. “
The proper logic in the Middle West, which was delivered in simple English. As with many other recommendations made by Buffett, Americans may say through the ideological spectrum, “from his lips to the ears of God.”
Glen Cltcholler is a professor of American studies at Thomas and Dorothy Lituin.
