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Buffett's wealth soared $37 million a day in 2013

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  • Buffett's wealth soared $37 million a day in 2013

    Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.

    Through Dec. 11, Buffett's net worth—at least on paper—shot up by $12.7 billion to $59.1 billion in 2013 from $46.4 billion at the start of the year, according to Wealth-X, the wealth research firm. That works out to a paper gain of $1.5 million an hour.






    http://www.cnbc.com/id/101282625

  • #2
    Originally posted by baja View Post
    Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.

    Through Dec. 11, Buffett's net worth—at least on paper—shot up by $12.7 billion to $59.1 billion in 2013 from $46.4 billion at the start of the year, according to Wealth-X, the wealth research firm. That works out to a paper gain of $1.5 million an hour.






    http://www.cnbc.com/id/101282625
    It is not really that surprising. I mean the dude is a billionaire simple investments with the money should produce a nice windfall.

    But yes we should all lower their taxes so they can make even more money while the U.S. struggles to pay its debt.

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    • #3
      Originally posted by Guess Who View Post
      It is not really that surprising. I mean the dude is a billionaire simple investments with the money should produce a nice windfall.

      But yes we should all lower their taxes so they can make even more money while the U.S. struggles to pay its debt.
      We could never pay off the debt with the taxes of the wealthy. It would be one piece of the puzzle.

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      • #4
        "Struggles to pay its debt." Lol. Running up 18 trillion in debt with no plans to reduce spending = struggling to pay debt. Sounds legit.

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        • #5
          Originally posted by Dukes View Post
          We could never pay off the debt with the taxes of the wealthy. It would be one piece of the puzzle.
          Of course it is only one piece. I am for restructuring Medicare, Social Security, Oil Subsides, Raise the minimum wage, Take the oil subsides and give them to the renewable energy companies to get us off oil dependency, Restrictions to off shore stashing of wealth, Cuts in defense and raising taxes on EVERYONE.

          This country needs to invest in its infrastructure. There is no reason why there isn't a high speed rail going from Washington DC to NY and San Diego to Los Angeles.

          We have gotten to the point where we won't even invest in out own country and it is pathetic.

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          • #6
            'Around 8% of the global financial wealth of households is held in tax havens, three-quarters of which goes unrecorded,' Zucman wrote in the study.
            Indeed, if money wasn't hidden in tax havens, liabilities and assets would match up similar to how the ledger of any large company is required to balance out - but they don't.
            Money run through so-called tax havens would appear that way in official records since it isn't clear exactly who the owner is, Zucman explained to the paper.
            Assets held in Switzerland by foreign nationals more than doubles Swiss citizens, according to a survey cited by Zucman.
            This 'offshoring' of wealth is also hurting national governments by hindering their ability to collect taxes despite the ever-rising portfolios of the super-rich.



            Read more: http://www.dailymail.co.uk/news/arti...#ixzz2ymfQzNkE
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