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Originally Posted by Calgaryborn
The question then becomes: Why would a guy like Warren Buffett sign up for more taxes and more repressive regulations? The answer is simple; In such a system only the biggest dogs will survive. Warren Buffett isn't going to go broke through more taxes and more regulation. All those things are going to do is knock out the competition. It will also eliminate any possibility of some up-start building a better mouse trap and rising to compete against Warren Buffett.
Europe is full of old money and old businesses. If you want to hire a painter chances are the guy you phone up will have inherited that business from his father and it may have been owned by the family for generations. That is equally true with real estate. Manufacturing is almost all old money because the regulations and the employee conditions are mandated by the government to the extent where a new company can't cover the expenses imposed upon them. If that utopia comes to the USA Warren Buffett won't have to worry about his empire in the new future. There will be no one left in the market place to threaten it.
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You clearly have a very limtied understanding of Buffett, the man is not concerned about his "empire" in fact he's giving nearly all of it away to charity.
Warren Buffett's Unprecedented Generosity