December 8, 2010

WARREN BUFFETT: Robber Baron? “Warren Buffett isn’t just noted as an owner of life insurance companies and a supporter of the estate tax. He’s also noted as a buyer of family businesses. . . . These two business strategies support each other. . . . It’s hard to think of Warren Buffett as a robber baron. He’s a jolly chap who just seems to be along for the ride. But the ugly truth is that his businesses benefit from one of the major big-government redistributive programs by which the ruling class makes government big and families small. He’s a leader of a ‘redistributive combine’ that wants to keep what it got from the government favor factory. He’s one of the chaps sitting by the side of the road taking their cut, courtesy of Uncle Sam.”

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