Warren Buffet - Lateral-g Forums

**WSSix** · #1 03-05-2013, 02:04 PM

Here's a good response to Warren Buffet and a good example of why I really don't like him or think he's that great. Oracle he is not. Crony capitalist is a better description.

http://reason.com/archives/2013/03/0...omic-confusion

Kenny · #2 03-05-2013, 02:25 PM

Hmmm..... So the author is suggesting that a tax increase on a high demand product, and an informed position that certain regulation changes would eliminate demand are the same thing. Nice try.

**tones2SS** · #3 03-05-2013, 04:52 PM

Quote:

Originally Posted by WSSix

Here's a good response to Warren Buffet and a good example of why I really don't like him or think he's that great.

I don't like him either.
Always saying the rich should pay more. Well,.....step up to the plate and offer to help the out-of-control U.S. debt that your buddy has helped create. JERK.

**WSSix** · #4 03-05-2013, 05:11 PM

Kenny, read it again. It's not about economics. He's saying Buffet is a hypocrite who, through his own admission in his newsletter, is not immune to the uncertainties of taxes and regulations. Yet, he's ridiculed other CEO's about this when they have sighted that as reason for not making investments. The difference is Buffet is a crony capitalist that has the power to control and manipulated regulation in a manner that benefits himself. It's nice to not be worried about uncertainty when you can control that uncertainty. Not everyone can be so lucky.

Reason does not believe that the status quo of crony capitalism is just the way things are done and should be accepted. I agree with this stance that's why I posted the link. Crony capitalism screws over everyone that is not "favored" by the politicians and only the crony capitalists benefit.

**WSSix** · #5 03-05-2013, 05:13 PM

Quote:

Originally Posted by tones2SS

I don't like him either.
Always saying the rich should pay more. Well,.....step up to the plate and offer to help the out-of-control U.S. debt that your buddy has helped create. JERK.

Very true. He and others have said the same thing but have refused to voluntarily pair more even though it's incredibly easy to do so. It's a hollow promise. If you truly believe something, then step up and do it whether it's law or not. Otherwise you're just lying.

Kenny · #6 03-05-2013, 05:18 PM

Quote:

Originally Posted by tones2SS

I don't like him either.
Always saying the rich should pay more. Well,.....step up to the plate and offer to help the out-of-control U.S. debt that your buddy has helped create. JERK.

Who's his buddy? Trump?

The difference between the left and the right on fiscal matters is the left wants to socialize profits and privatize losses... the right wants to privatize profit and socialize losses.

**camcojb** · #7 03-05-2013, 06:01 PM

this will go political, sorry guys.