Page 3 - Warren Buffets News Today

Jeff bazos, bill gates and warren buffets. theyve made no secret of their contempt for this president. what does that tell you? are you they going to be putting up money to go against this president? >> i hope they do. this is the first wave of it. >> michael bloomberg is putting all this money, $80 million sounds like a lot to me, but its obviously a small fraction of his fortune. but i think it will make a big difference in getting democrats elected i hope in the fall. if other billionaires wa...

Warren buffets. theyve made no secret of their contempt for this president. what does that tell you? are you they going to be putting up money to go against this president? >> michael bloomberg is putting all this money, but i think it will make a big dir difference in getting democrats elected i hope in the fall. if other billionaires want to join that party, think its great. i think, ceos are beginning to stand up for whats right in this country. its long overdue. we cant allow this person who...

>> weave come out of survival mode economically. were back in the growth mode that made america the greatest country in the world. im predicting youre going to see greater household formation, people are going to get married, have children, youre going to see more entrepreneurship especially among young people. youre going to see a lot of things that used to be common place in this country. youre going to see it come back. i dont know how theyre going to spin it but its going to happen. >> peopl...

Hard to push blame for a drop like what were seeing today on to other people. >> shepard: which is the reason given by previous presidents, previous administrations for keeping their noses out of it. >> exactly right. what is interesting, every time the market has gone down the past several years, people looked at it as a buying opportunity. i can jump in now. this is the first time in quite a while that weve seen no one buying on the dip. that dip is a fall. you know, again, you have the warren...

But make it flat to make it fair. you hear people say, well i want it fair. they really do, but they cannot tell you what a fair share is. you give them the numbers about the top 1 percent making 13 percent of the money and paying 39 percent of the taxes their eyes gloss over. but if you say would it be fair if everybody paid the same rate acrosses the board? they go, yeah, that sounds fair. americans are ready for it. >> i am skeptical. i think most americans would say baurn bu warren buffet ha...

Generally loves big government. so you think it would start to sink in when even those people say that. >> i have been on his show a number of times. i sent him a copy of my book as well said join me, bill, we would love to have you in tennessee. >> will smith says he supports higher taxes but when he was being interviewed in france and learned about their proposed 75 percent tax rate his resaction was telling. (speaking french) >> 75, thats different. thats different. 75. well, you know, god bl...

Do want to pay my fair share, so whats that? what is fair? i now give most of my income to the government. poor people pay the smaller percent and lots of people say that is fair. i see their point. but texas congressman lewey gomer says its not fair and america needs a flat tax. meaning congressmen what? >> it means when people hear the word fair share or fair, it ought to be flat tax. the only way to truly make things fair so if you are making more you pay more. you make less you pay less. mak...

If you are making more than a million bucks you pay at least 30 percent in taxes. it seems reasonable that those of us with more should pay more. >> we should pay more. if you make 10 times as much as i do john i think its perfectly right that you would pay 10 times as much taxes as i do. that to me seems perfectly obviously fair. when you look at warren buffet what really is unfair is he paid about six 100ths of one percent of taxes. thats not fair. that doesnt even include his not paying capit...

of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? >> reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being cream...

>> saying you are only going to goat for the debt ceiling if something happens on deficit reduction is like playing russian roulette with a fully loaded revolver. >> the game of 6 is trying to come up with their own plan of the crushing national debt. tom koprin says while he thinks its possible not democrats or republicans are going to like whats in it. >> what should be in it? juan williams and steven moore. there should be an end to the busheir raw tax cuts. folks making more than a million a...