Buffett's plan calls for a lot of other wealthy people to be taxed, but I don't see him doing a taxable transaction on his main holdings, I believe the effect on himself would be minuscule.
How so? Either he passes it on to his heirs or he uses it (selling the stock and realizing gains), both of which are taxable events. Since he has called for an increase on both the capital gains tax and on the estate tax, he'd be affected in any case.
I don't have any objection to Bill and Warren choosing strenuously avoid giving their money to the government, and I don't object to what they are doing.
What I really object to is Warren advocating for other people's money to pay these taxes and presenting it as if it will affect him but he is such a great guy that he is all for it anyway. To me, he is the kid that is about to get in trouble and is frantically pointing at the other kid and mouthing he did it.
That is not a loophole, that is a good thing.
Taxing wealth or income none of it matters. The tax schemes both proposed by either of them would be beneficial for society. Stop trying to find fault because you already knew it was there (by some means I cannot fathom) and just look at the real results of taking their advice.
Yeah, sorry, I was being sarcastic.