Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1997-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Fair Rate of Capital Gains

I think there's an easy answer to your capital gain issue and one is what makes an economy work best in some abstract mathematical sense. Once you reach that conclusion you get into the question of what is the fair rate. The civilization work better if people saw the differences in rewards as having been fairly reasonably fair anyway. I'm all for having some taxation of capital gains.

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