Tag Archives: .01%

Open Letter to Warren Buffett: Paying your fair share, Part II

Buffett

Dear Mr. Buffet,

 

You must have the hugest brain on this planet. It would be no exaggeration that you are the Albert Einstein or Isaac Newton of the financial engineering world, particularly as regards the complex arithmetic of tax calculations. I know the math is less involved than, say, in Quantum Gravity, but the way you are able to shift huge parts of the tax burden you would normally be expected to pay to everyone else is just so clever. Happily all those lesser minds in the 99% will be there to fill the gap of funding all those wasteful social programs like medicare, social security, food stamps, unemployment insurance and so on. Not to mention, of course, all that other stuff that needs money and that you probably don’t really care about, like road maintenance, since your helicopters probably don’t use them, and sanitation, since you probably have your own arrangements, perhaps just being really cool and cleverly tossing your stuff into a public bin. Continue reading Open Letter to Warren Buffett: Paying your fair share, Part II

Making Shit Look Good: Part 2: Just Say No

leviathan

How many times have we heard the lament by individuals, businesses, large organizations and, in general, those in need of post-misdeed comfort: we are acting in the spirit, if not the letter, of the law, the regulation, the policy, ethics, etc.? So, the Canadian government has a new cell phone tower rule to replace the old guideline which seems to have been misunderstood by the companies supposed to be abiding by it. It used to be they had to consult with the locals (they read yokels) before putting up any of their attractive towers, if they were 15 meters or higher. Now they have to ask permission to go to the toilet for towers of any height. Why? Continue reading Making Shit Look Good: Part 2: Just Say No

Making Shit Look Good: It’s all about Framing

Here I use the word shit symbolically, a perfectly legitimate one in the English language, rather than as the vulgar form of fecal matter or to defecate. It is versatile enough to capture the flavour of lives lived at the deepest end of the socio-economic valley. The joke where an optimist says we will all soon be eating shit only to get the pessimist’s response that there won’t be enough to go around nicely, if somewhat loutishly, demonstrates how framing can alter how we view this particular form of bodily effluvia: From a waste product to a foodstuff that becomes desirable when there is not enough of it. I’m of course stretching what is basically low humour into convenient metaphor, but if it conveys how framing can change perspective then it has been a useful exercise.  Continue reading Making Shit Look Good: It’s all about Framing

Open Letter to Warren Buffett: How to pay your fair share

Dear Mr. Buffett, 

Let me begin by thanking you for your awesome, courageous, public admission that you were taxed at a lower rate than your secretary. The entire world, including me – as if I matter in a world of seven billion humans – has but the greatest admiration for your frankness. Who would have thought, the poster boy – er, gentleman – for the super duper rich pleading to pay more in taxes. Well, and please forgive me for being a tad forthright, but, so far, I haven’t heard any more about this truly generous and fair offer.  Continue reading Open Letter to Warren Buffett: How to pay your fair share