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OK here comes Charlie and we are streaming on foxbusiness.com.
-- also taking the lawyer after the Slater how much currently Cecile and nice to -- -- -- Well let me get the Dave -- stuff out of the way here from you.
Warren talked a lot about it this weekend.
My office get your first reaction about it knowing Dave Sokol and all that happened.
And how people are talking so much about how it -- to -- the reputation of production your thoughts.
I saw it instantly -- tragedy.
Super -- that person.
-- World hurts him.
-- -- -- A very old club.
This is a -- noose incidents today is the Greeks.
Just happens all the time.
It was it clean stupidity.
And certainly it was -- -- Does.
Obvious you -- want to -- -- -- maybe.
Charlie and bill and I.
Dave -- Eight or nine years ago.
When presented with -- day.
Huge incentive contract based on some really tough holes.
It was to include him and his number two man.
I showed him a piece of paper describing.
Involves 75 million dollars -- some incredible goals were met.
I have proposal -- B fifty million to him and 25 million to as number two man.
He looked a proposal is that this is extremely generous he's -- that one change I'd like to make.
It should be 37 and a half to me and 37 after the other so let's hope he took twelve and a half million dollars and moved it from his pocket.
Potentially into the other fellows pocket now about us.
That is not somebody that is consumed by greed and and that's -- it's somebody that I would certainly have a lot of -- But ten years later it is what it is and of course war broke the the now infamous press release.
Did I write that.
And -- Whole lot -- Did you check it did you Edison.
It was written one way of them ever talking to Davey changed.
-- -- -- -- -- -- -- And of course liberal group.
It weren't -- and dome I'm not gonna catch it but I'm part of my brain works all the way is goes.
What needs to be changed at Berkshire Fannie and very little that little.
Look let's get to when you brought up Greece and the times -- on a different level this weekend both of you.
Expressed real concern about the sovereign debt increase -- what people think is and what is an old story now.
Sort of an older you become an old story -- the housing -- was kind of an old story in 2005.
Or six I mean.
We -- not better off than a year ago in terms of the European.
Sovereign debt situation.
The Greek bonds are now.
-- over 20% that's a lot -- that they were here -- but indicates worry -- -- and how they'd be the probable what you do with seventeen countries.
Tied to a common.
-- incapable will be issuing their own debt in their own currency.
And simultaneously following vastly different fiscal policy is that having different.
Attitudes among their people about government.
That we don't know the answer to that -- yet Charlie you specifically said.
Some things about the Greeks who said they don't want to work and they don't wanna pay taxes we didn't even charge of diplomacy and purchase up.
-- -- It's just so extreme degrees -- and I got a nice under its country I don't -- -- there but whether the rest of Europe.
Wants to allow.
Countries that really don't want to work enormous over and all of a Texas.
-- monetary union with them so -- effect that country -- a credit card which you can -- on the others.
-- which read something somewhere in the United States.
Before we had our constitution.
The colonies vision of a lot of worthless.
I think the European Union is grossly underestimate of the problem -- Just to survive just the -- survive Charlie.
Well I suspect bureau will subscribe of their maybe you were members of the if you agree gets -- -- gets kicked out who knows.
-- -- It's an enormously important problem.
And part of the reason is more important is because we can't figure -- the answers.
Heart but you you both said that the most.
The greater chunk of investment that Berkshire will make in the future when it comes to find companies will probably be here in the United States -- that.
-- -- That's the place that has the most companies.
Large and Berkshire.
Added we need sizable acquisitions and -- -- America is still all by itself in terms of of size and more people were familiar with a still here and ad and in some countries there's much more of a tradition of keeping -- the family forever.
We hope we get calls from around the world and we will get some calls from around the world we'll get more calls from the US.
We were talking earlier before he joined us about taxes here in the United States.
Should we with this gigantic deficit we have should we have extended the bush tax cuts Charlie.
I would argue that.
It's gamble a little higher taxes on people like me.
And made it then yeah do you tool belt -- -- felt a little fire you yeah I I I pay more taxes than anyone saw.
And I'm glad to pay more.
The after -- Example here -- Rome during one of -- wars.
The Roman public state paid off more than half sort of before the war was over that's what -- -- with them.
A long time ago yeah yes and only started just -- and money and Syrian Golan.
They just slowly -- -- -- What bill if -- -- higher taxes.
On the wealthy even or perhaps -- more others included are an inevitability.
Does that hurt philanthropy UN -- have -- billionaires all around the world to -- in your giving pledge half of their wealth after they died to philanthropy if you tax the wealthy.
At a higher rate.
Do you think that -- then stopped giving to -- -- -- feet.
I really don't I think.
There's gonna continue to be people who are very successful and -- large fortunes.
And the question will be.
-- they want to get involved in giving that money back.
Or perhaps -- in the dynasty you know there aren't that that many choices and -- and I have both had a chance to meet people who are.
Have amazing passion.
About giving their money away in the right way and -- they don't talk a lot about the tax system and they're talking about their commitments.
We we we have 69.
People were couples who have signed up to the giving pledge.
And it isn't just that they're definitely.
During the lifetime what most of these people.
I don't I think the W taxes that just doesn't come up -- these that he did.
These people would not change their behavior.
-- the tax rate were either higher or in my opinion -- what's the toughest sell which billionaire.
What's the toughest nut to crack.
So you stupid enough to and so it was a well but at Charlotte.
Charlie got that we don't we don't we don't darn about any -- we don't know about who entered his outer it was sort of had a is that what's the number one pitch to get people to do.
Well it just explain it I mean that.
But I think that.
It has helped by the fact that we do ask people to write these letters explaining why they're doing it and we post those on the Internet and I think that.
Some of them they've proved persuasive not not only to some people -- but ten years from now or twenty years from now.
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