Sunday, July 09, 2023


Notes Today:
 

  • This dude is 52 years old!
  • Had to look up cuck.


  • Q39. Quick: Question about the new 15% corporate minimum tax rate.
  • Buffett: The 15% tax doesn’t bother me in the least. We were paying 52% tax as federal income taxes when I bought control in the partnership of Berkshire Hathaway. The tax rate has come down dramatically. We do not think corporations are overtaxed in the U.S. We will figure out a way to pay 15% every year, which generally, we’ve been paying anyway. If there were 1000 corporations in the U.S. that paid what Berkshire has been paying, nobody else in the U.S., no individual, no corporation, would ever pay any income tax, social security tax, gift tax, estate tax, anything else. A thousand like Berkshire would produce the revenue that’s being derived under the present tax code from everybody in the U.S.

  • Q24. Audience: Charlie, do you still think people who refused the Covid vaccine were “really massively stupid”?
  • Munger: Yes.

From 2023 Berkshire Hathaway Annual Meeting: Summary Of The 48 Questions And Answers


Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

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