“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), per share 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.“
Repeal the tax cut that corporations and those over $75K received.
We WILL Balance the Budget! We will calculate the tax revenue needed and rates need to achieve that income in conjunction with the budget (expenses).
The financier George Soros is part of a group of wealthy individuals calling for “a moderate wealth tax on the fortunes of the richest one-tenth of the richest 1 percent of Americans — on us.”CreditFabrice Coffrini/Agence France-Presse — Getty Images
https://www.opensecrets.org/overview/topindivs.php
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