Buffett Makes Alzheimer’s Joke on CNBC


Warren Buffett appeared on CNBC's "Squawk Box" Monday morning.

HOST: That gets us to the topic of tax policy. I know that's a big can of worms that we're opening up this morning, too. You have had a huge role in the discussion around taxes, and you've been someone who's come out very sharply on President Obama's side. In fact, there's the Buffett Tax, that's named after you.

BUFFETT: Well, that's because Alzheimer's had already been used. I've always wanted to have a disease named after me.

In 2006, Buffett announced he would begin transferring his $40 billion fortune principally to the Bill and Melinda Gates Foundation, which will allow him to largely avoid estate taxes.