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This is sort of what Warren Buffett suggests is happening with taxes: he argues (in one of the letters to shareholders in the 80's) that there's a "Class G" sto
by byrneseyeview 19y ago
This is sort of what Warren Buffett suggests is happening with taxes: he argues (in one of the letters to shareholders in the 80's) that there's a "Class G" stock entitled to 35% of a company's annual profits, and that sometimes that money is used to reduce those profits.
It would be great to make that explicit: put together a foundation that buys cigarette stocks, reinvests most of the dividends, and uses the rest for ads. It's a built-in hedge, because the stocks only go down if the ads are working, and if the ads fail (or, per "Thank You For Smoking," make smoking cooler) the ad budget goes up.