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Warren Buffett Fires Shots at ‘Economic Illiterate’ Joe Biden

Warren Buffett Fires Shots at ‘Economic Illiterate’ Joe Biden

Published 3 days, 10 hours ago
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Two weeks ago Joe Biden at the State of the Union continued his strong stance against corporate distributions, proposing a 4 times increase in the tax on share buybacks

And today Warren Buffett has fired shots back Joe Biden, calling those who view buybacks as harmful to the country, economic illiterates and silver-tongued demagogues

Buffett, billionaire chairman and CEO of Berkshire Hathaway, is a strong advocate for corporations using share buybacks as a means of distributing capital to shareholders

And explained in detail why this is the case in his annual shareholder letter that was published today.

So what are share buybacks, how do they work?

How does Joe Biden’s proposed tax impact them

And why is Warren Buffett so opposed to the idea?

All questions that will be answered in this video.

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

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