2014-03-21

Buffett's Tax Hypocrisy

Buffett is without doubt a great, shrewd investor and businessman. But he deserves every bit of scorn and criticism for what amounts to 'do as I say not as I do.'

"While companies typically seek to limit their tax burden on deals, Berkshire stands out because of Buffett’s public posture on paying one’s fair share of taxes, [said Jeff Matthews, a Berkshire shareholder and author of books on the company].  "If it were anybody but Warren Buffett, there’d be no story,” Matthews said. “But this is a guy who takes companies to task for going to great lengths to minimize their tax burdens, and he’s been doing it all his career.”

Buffett is some sort of hero to the left for his stances on taxes, yet he does the opposite of what he says. Meanwhile, they obsess over the Koch brothers who have yet to be proven to have done anything so seemingly hypocritical. Koch aren't going out there demanding people do this and that.

Buffett, of course, is doing nothing wrong. The point is he criticizes others for it. Same with Massachusetts elites like Warren and Kerry who claim the system is rigged but take full financial advantage of that same rigged system. Again. Good for them. But their rhetoric - often teetering on insufferable - doesn't match their actions.

Don't make me talk about Soros.

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