Warren Buffett, Fox's most hated socialist

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Why does the mere phrase class warfare end all debate?

Time to say, "Class warfare? You fat cats don't want the middle class to defend itself in a war that you've been winning unopposed for thirty years."

If the wealthy continue to get their way on everything, the time will come when class warfare won't be a metaphor. That's when liberals yield to radicals and there's bloody revolution.

Of course the idiot conservatives can't see that coming, just as they can't see that liberals in the 1930s saved them from the communist tide. Ungrateful bastards! Yet I still want to save their hides again - because America is a better country as a liberal country than it would be as a tyranny of either extreme of the political spectrum.

A few pearls from Warren Buffett

Quotes selected according to my biases:

I don’t think [the bailout is] perfect, but I don’t know that I could draw one that’s perfect. I’d rather be approximately right than precisely wrong, and it would be precisely wrong to turn it down.

...

95 percent of the people at least are worse off in terms of their residential wealth plus stock wealth from a year ago or two years ago. That is bleeding into the real economy. I mean, that’s bleeding into auto sales and jewelry sales and furniture sales and all that. But that wave is just starting to hit. And if the paralysis we have in the credit markets, if every company continues to feel all we want to do is get our balance sheet down, sell assets, you know, it’s just the start of what can happen. Unemployment’s going to go up under any circumstances. I mean, the 6.1% is going to go higher.

...

We may need another stimulus - if we do, it’s - it should go to the lower and middle-income people. I mean, the truth is, I’ve never had it so good in terms of taxes. I am paying the lowest tax rate that I’ve ever paid in my life. Now, that’s crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

...

I think it’s terrible for people in effect to say that income from investment should be taxed at a much lower rate than income from labor...

In truth, the rest makes a lot of sense, too, but I can't quote it all and adhere to copyright law.