Thursday, January 10, 2013

Tarnishing the halo....................

..............of St. Warren (Buffett that is).   Victor Davis Hanson includes Mr. Buffett in the pantheon of liberals who espouse a set of laws for the little people, then act in ways that directly contradict such espousal.  Full essay is here.  Buffett excerpt is here:

Multibillionaire Warren Buffett is a tireless advocate of hiking inheritance taxes on small businesses and farms. But he has pledged much of his wealth to the Gates Foundation, a ploy that will cost the federal Treasury billions of dollars in lost revenue. Meanwhile, if inheritance taxes go up, millions of terrified Americans will double up on their life-insurance policies — an industry central to the multibillion-dollar Buffett empire. It never seems to occur to the liberal-minded Buffett that there is something tawdry about advocating a policy that he not only seeks mostly to avoid, but will even profit from.

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