Why do we listen to this plutocrat when we apparently don’t want to listen to this one?

Emily Litella comes to mind.

Never mind indeed.

Warren Buffett’s $1.2 billion share buyback from a single unnamed investor likely helped that person’s estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die. With the “fiscal cliff” looming and … taxes set to rise dramatically in less than three weeks, the timing was seen as advantageous — and, according to Berkshire watchers, also out of place in the context of Buffett’s recent tax activism. … Berkshire said it bought 9,200 Class A shares from “the estate of a long-time shareholder,” whom it did not name, at $131,000 per share, a price in line with where Berkshire has traded in recent weeks. …

Yet given his wealth and his own self-professed low tax rate, Buffett has been called out in some quarters for not practicing what he preaches.