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Warren Buffett's call for higher tax rates on the nation's wealthiest people is getting a high-profile boost from NBC's Tom Brokaw. Brokaw appeared on set with Brian Williams on Nightly News last night with a taped piece that features a sit-down interview with Buffett. Here's the clip.
Warren Buffett's call for higher tax rates on the nation's wealthiest taxpayers got a high profile spotlight last night on NBC Nightly News, which aired a Tom Brokaw piece featuring a sit down interview with Buffett. This morning, on CNBC's Squawk Box, Brokaw joined Becky Quick, Carl Quintanilla and Joe Kernen to play an extended excerpt from his Buffett interview and to chat afterward. Joe took the opportunity to challenge Buffett's views, getting into a quasi-debate with Brokaw.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.
The annual Forbes 400 ranking of the richest Americans is out, and Warren Buffett is keeping his number two slot with an estimated net worth of $52 billion, $7 billion behind Microsoft's Bill Gates with $59 billion.
According to the Seattle Post-Intelligencer, Bill Gates confessed to searching for the estimated value of his 50,000-square-foot mansion on Zillow.com. Gates generally likes the online real estate site, which launched with the help of some former Microsoft execs. But he says Zillow's "algorithms for figuring out prices don't scale very well to the low end or the very high end."
As part of CNBC's "Rich and Richer" day, I contributed a piece on something called "Couture-Ready Real Estate." Ok, that's the fancy-brand ballyhoo that the PR rep invented; what it means is simply that you buy a huge stone mansion that is supremely lovely on the outside. Inside, it has every electrical outlet and air vent and steel beam and plumbing drain in place, but literally nothing else.
Charles Schwab's model in the new low-fee 401(k) environment is to move to index fees, and hope customers will pay to take their advice.
CNBC's Robert Frank takes you inside one of the world's most expensive apartments in the "Million Dollar Minute."
CNBC's Rick Santelli throws papers and storms off after a heated discussion about taxes with Steve Liesman.
Henri Barguirdjian, Graff Holdings CEO, explains why some wealthy investors are acquiring hard assets, such as diamonds, to add to their portfolios.
Many high-income earners are taking steps to sell assets before the end of the year in order to avoid potential tax increases in 2013, reports CNBC's Robert Frank.
Jordan Hansell, Chairman & CEO of NetJets, discusses the decision to update his company's fleet and order 670 planes worth $17.6 billion over the next ten years.
Steve Cohen is often listed as one of the top five art collectors in the world, with CNBC's Robert Frank and Kate Kelly.
CNBC's Robert Frank reports the latest details on the manhunt for John McAfee.
Garrett Gruener, Ask.com founder, explains why he believes tax levels should be raised on wealthy Americans.
CNBC's Steve Liesman explains how going over the fiscal cliff would impact taxes for everyone from the middle class to the very wealthy.
Jeff Gural, Newmark Knight Frank chairman, explains how raising taxes on the wealthy will improve the nation's fiscal strength.
CNBC's Rick Santelli weighs in on increasing the marginal income tax rates.
Does your portfolio deserve a little more luxury? Liz Dunn, Macquarie Capital analyst, and Edward Yruma, KeyBanc Capital Markets analyst, weigh in with the play on Coach.
Advisors often see clients' wealth squandered by children, but parents can in fact protect their legacy from irresponsible heirs.
As the market rises, now is the time to guard your portfolio against the volatility that can strike at any time.
Advisors are using exchange-traded funds in clients' portfolios, citing transparency and a demand for lower-cost investments.