Thank you.
However, the “but they shouldn’t be.” part is not in the text, and it was not meant to be that way.
It came out that way due to lack of details, and, since it was intended to simplify the expression from being convoluted.
However, why should it be convoluted?
There’s a market pattern, a psychological factor which causes that, or more than one psychological factors which cause that.
Additionally, since market and market patterns are psychological, they are directly related, although the parts that makes those relation may be indirectly related.
The part that should not be, or that the interpretation of the so called class warfare shouldn’t be interpreted as war between rich and the poor, is the part that makes those people allies, and the war is intended to divert from where the money goes, to protect the poor, since other entities than the rich do attack both the poor and the rich, and lead them to war against another, in dissent, rather than let them focus on the source of the conflict.
Oh, I see, he says that in the Lou Dobbs interview.:
Interview with Lou Dobbs on CNN (25 May 2005)
…
BUFFETT: Sure. But I wouldn’t raise the 12-point and a fraction payroll tax, I would raise the taxable base to above $90,000.
DOBBS: That’s a progressive idea. In other words, the rich people would pay more?
BUFFETT: Yeah. The rich people are doing so well in this country. I mean, we never had it so good.
DOBBS: What a radical idea.
" -
BUFFETT: It’s class warfare, my class is winning, but they shouldn’t be.
" -
DOBBS: Exactly. Your class, as you put it, is winning on estate taxes, which I know you are opposed to. I don’t know how your son Howard feels about that. I know you are opposed to it.
At the same week the House passed the estate tax, Congress passed the bankruptcy legislation, which they had the temerity to call bankruptcy reform, Democrats and Republicans passing this legislation, which is onerous to the middle class. Half of the bankruptcies in this country take place, because people fall ill, serious illnesses result in bankruptcy. Nearly half of the people involved. How do you – you have watched a lot of politics. What is going on in this country?
BUFFETT: The rich are winning. Just take the estate tax, less than 2 percent of all estates pay any tax. A couple million people die every year, 40,000 or so estates get taxed.
We raise, what, $30 billion from the estate tax. And, you know, I would like to hear the congressman say where they are going to get the $30 billion from if they don’t get it from the estate tax. It’s nice to say, you know, wipe out this tax, but we’re running a huge deficit, so who does the $30 billion come from?
…
