The Best Line of the Week: “A rising tide lifts all yachts.” — Warren Buffett

I would watch this interview if only I could stand to listen to Charlie Rose for more than a minute. Rose asks his guest convoluted questions that almost always make clear how “smart” Rose is and the answer he’s expecting from them. I wish he’d just shut up.

Excerpts: Warren Buffett on Charlie Rose – The Page by Mark Halperin – TIME.com 

"I basically don’t like it (value-added tax) because it’s somewhat akin — it’s isn’t the same — but it’s somewhat akin to a sales tax . we don’t need more regressive taxes in the United States . I think that if we’re looking for more money, we ought to look to guys like me. I mean, I am still paying a lower rate on dividends and capital gains than my cleaning lady is, in terms of her payroll tax just to start with. And so, I just think that we’ve gotten so far out of whack in terms of who’s been prosperous in recent years. And most of the economy — most people have been left behind, you know. So, we learned that a rising tide lifts all yachts."

Excerpts: Warren Buffett on Charlie Rose – The Page by Mark Halperin – TIME.com

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