Post #13519 by knighttof3 on the Berkshire Hathaway board

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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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No. of Recommendations: 5

But there are limits. Everything thinkable of is already said, and said again, and...

Agreed to a certain point. However, we are living in a sped up time. Just today there was news that income tax brackets for people making over $1 million a year would be raised to 40%. That would definitely reduce deficits, if it happened. Even if the bracket is set much higher like $10 million. It could mitigate some tax impact from reduced economic activity by the "poors", allowing higher tariffs.
It's incalculable. I feel like Snape describing the Dark Arts. "The Dark Arts are many, varied, ever-changing, and eternal. Fighting them is like fighting a many-headed monster."

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