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Warren Buffett: 'My Class Has Won' And 'It's Been A Rout' [View All]

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Derechos Donating Member (892 posts) Send PM | Profile | Ignore Tue Nov-15-11 09:07 PM
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Warren Buffett: 'My Class Has Won' And 'It's Been A Rout'
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There are reasons for optimism inside the U.S. economy, according to Warren Buffett. Just not for everyone.

The billionaire investor, cited as the third-richest person in the world by Forbes, said in an interview with the CEO of BusinessWire -- a unit of Buffett's own conglomerate Berkshire Hathaway that publishes press releases -- that while there have been improvements in some areas of the economy, many others haven't fared so well.

Winners, Buffett says, include corporations, who have seen good equity returns, as well as the wealthiest American citizens. The losers? The housing market and average American worker.

"Through the tax code, there has been class warfare waged, and my class has won," Buffett told Business Wire CEO Cathy Baron Tamraz at a luncheon in honor of the company's 50th anniversary. "It's been a rout."

http://www.huffingtonpost.com/2011/11/15/warren-buffett-tax-code-l_n_1095833.html
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