Last updated on: 7/17/2013 | Author: ProCon.org

Warren Buffett, MS Biography

Title:
Chairman and CEO of Berkshire Hathaway
Position:
Con to the question "Does Lowering the Federal Corporate Income Tax Rate Create Jobs?"
Reasoning:

“The idea that American business is at a big disadvantage against the rest of the world because of corporate taxes is baloney in my view. In the 50s and 60s, corporate taxes were 52%, and we were making all kinds of [job] gains.”

Rana Foroohar, “Warren Buffett Is on a Radical Track,” business.time.com, Jan. 23, 2012
Theoretical Expertise Ranking:
Experts
Individuals with PhDs and MBAs, or equivalent advanced degrees in fields relevant to corporate tax rates and jobs. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to corporate tax rates and jobs.
Involvement and Affiliations:
  • Trustee, Bill and Melinda Gates Foundation, 2006-present
  • Chairman and CEO, Berkshire Hathaway, 1970-present
  • General Partner, Buffett Partnership Ltd., 1956-1969
  • Securities Analyst, Graham-Newman Corp, 1954-1956
  • Investment Salesman, Buffett-Falk and Co., 1951-1954
Education:
  • MS, Economics, Columbia University, 1951
  • BS, University of Nebraska, 1950
  • University of Pennsylvania, 1947-1948
Other:
  • Pledged to give away half of his fortune to philanthropic causes, primarily via the Bill and Melinda Gates Foundation
  • Net worth $53.5 billion as of Mar. 2013
  • Born on Aug. 30, 1930 in Omaha, NE
  • Lives in the same house in Omaha that he bought in 1958 for $31,500
  • Named the top money manager of the twentieth century in a survey by the Carson Group in 1999
  • Named one of TIME magazine’s 100 Most Influential People in the world in 2007
  • Named one the most influential global thinkers by Foreign Policy in 2010
  • Awarded the Presidential Medal of Freedom by Barack Obama in 2011
  • Second of three children and only son of former four-term US Representative Howard Buffett
Quoted in:
Pro & Con Quotes: Does Lowering the Federal Corporate Income Tax Rate Create Jobs?