Thursday, August 16, 2007

A Critcism of Warren Buffett

I have the utmost respect for Warren Buffett, as an astute investor, so I am taken aback by this Buffett comment, uttered at an Obama fundraiser last night, and his musings on wealth redistribution by the hands of the state.

``We really need to figure out some way not to fill the golden goose but actually to have abundance grow.’’

Sir, the methodolgy required “to have abundance grow” is to allow free markets to perform without government intervention.  There is not one political candidate who can facilitate this happening through legislation, unless their leadership is such that it demolishes the both the individual and corporate welfare state which exists in this country.

Mr. Buffett would be better advised to utilize his market knowledge and wealth to create additional businesses, and business opportunities, rather than chumming around with politicos in their quest for control, and he is delusional if he believes that politicians can lead the way.

Obama Can Spread Prosperity, Fairness, Buffett Says

Posted by John Venlet on 08/16 at 06:50 AM
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