Warren Buffett? In 2017 the GOP and Donald Trump gave Berkshire-Hathaway $29 Billion (with a B!)
“The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.“
“To the Shareholders of Berkshire Hathaway Inc.:
Berkshire’s gain in net worth during 2017 was $65.3 billion, which increased the per-share book value of both our Class A and Class B stock by 23%. Over the last 53 years (that is, since present management took over), pershare book value has grown from $19 to $211,750, a rate of 19.1% compounded annually.*The format of that opening paragraph has been standard for 30 years. But 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire.
The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.
Olbermann predicted this in 2010!
“Be prepared then for the reduction of taxes for the wealthy and for the corporations“
https://limbaugh2020.com/keith-olbermann-nailed-it-citizens-united-v-fec-caused-our-nations-anger-now
Some dirty words (HBO):
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