Saturday, July 01, 2006

Warren Buffet, the Oracle of Omaha

Few doubt Warren Buffet's wisdom. Through intelligence and perseverence, he became the second richest man in America.

Few doubt Warren Buffet's heart. He recently pledged over $37 billion to charity, with much of it going to the Bill and Melinda Gates foundation.

In fact, Warren Buffet may be the quintessential American, a self-made man who never forgot his roots. And, as a final proof of his sagacity, he supports the estate tax.

"I would hate to see the estate tax gutted," Buffett said at a Manhattan news conference with the Gateses about his donation.
"It's a very equitable tax," Buffett said. "It's in keeping with the idea of equality of opportunity in this country, not giving incredible head starts to certain people who were very selective about the womb from which they emerged."

Read the entire story here.

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