“Warren, you old hippie, that’s easy for you to say.”

Warren Buffett backs the estate tax in testimony before U.S. Senate Finance Committee. See coverage of yesterday’s hearings at WSJ and TaxProf Blog. Unlike many others, Buffett would reform rather than repeal the estate tax. None of this was a surprise, as Buffett has been a supporter of the estate tax generally to check momentum “toward plutocracy”. However, Buffett, Berkshire Hathaway’s chairman, and with a net worth of approximately $52 billion, did say he would give all