There was some discussion via e-mail about Warren Buffett’s recent donation to the William and Melinda Gates foundation. I don’t want to concentrate on that, except to state the inevitability of a man like him donating money on the sure-bet charity created by one of his favorite bridge buddies. Oh yeah, before we go all Nora Ephron on Buffett and Gates, how come nobody has mentioned the Walton family? Certainly the poster family of what I want to talk about:
“It a very equitable tax. It’s in keeping with the idea of equality of opportunity in this country, not giving incredible head starts to certain people who were very selective about the womb from which they emerged.”
—Warren Buffett, on the estate tax
As is widely known but was denied by some, Warren Buffet comes down again on the side of keeping the estate tax.Continue reading