Once again you know nothing of what you spew forth. And I thought you were trying to play yourself out as a financial wiz lately.
Buffet brought that up because his companies pay an absolute fortune in taxes compared to what most corporations pay. He made the point that he is doing his share and he wishes all companies would also. And the quote was that we would pay no taxes at all not minimal. He is pointing out just how large a sum it is that is being withheld from Americas coffers. Would prices have to go up? No. You don't understand taxes and loopholes do you? Taxes are based on net earnings. Loopholes allow the hiding of earnings. Earn zero pay zero. Without loopholes in the tax code I will go on record saying that many large corporations would report a heck of a lot more in net income.
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"You learn more from losing than you do from winning." Lou Pinella