Billionaire Warren Buffett says it's foolish to let higher
taxes stop you from following a good investment idea. He's right.
From Forbes: Warren Buffett this morning rightly scolds the
whiny. Complaints about the possibility of higher taxes next year border on
idiotic. The savviest investors will put money to work. Buffett asks you to imagine a scenario: A
smart investor presents an idea. Perhaps it’s Buffett himself suggesting you
also buy JPMorgan Chase or Party City or whatever. Will you really demur—and
pass up such an opportunity because of those increased levies? Only the foolish
would.
“Let’s forget about the rich and ultrarich going on strike
and stuffing their ample funds under their mattresses if — gasp — capital gains
rates and ordinary income rates are increased,” Buffett, CEO of Berkshire
Hathaway, writes in a New York Times op-ed. “The ultrarich, including me, will
forever pursue investment opportunities”
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