Buffett's Crystal Ball
Democrats’ Favorite Oracle Predicts Pension Disaster
show comments
  • Jim__L

    The Blues are afraid that unless they can support unions and pensions, there’s really no reason any straight white male (or prosperous minority) should do anything but work day and night to dismantle everything else the Democrats stand for.

  • Tom_Tildrum

    Keep in mind that Buffett sells life insurance and other financial planning products, so, as with the estate tax, it’s in his own financial interest for people to believe that their pensions and retirement are in trouble.

    • Mark Michael

      You’ve noted correctly about Buffett. He’s shameless in advocating public policy that benefits his own company in that regard. In this case, w.r.t. underfunded public pensions, he’s on the right side of the issue. When his “secretary” was sitting in the audience at a State of the Union speech as a prop for raising the capital gains tax, at least on the rich, he made public statements that others later on found he directly contradicted in one of his annual letters to shareholders. He trusted that Big Media would not bother to do that kind of digging and uncover such blatant propagandizing. (It had to do with allowing tax rates to influence your investment strategies. Publicly, he claimed that raising the cap gain tax rate would not change the behavior of those high-income earners/investors, thus reducing any “take” the government might expect from raising the rates. In his letter, he said something to the effect, of course, cap gain tax rates are a big factor in investing. How can it NOT be?! Well, that’s the best of my memory of the matter.)

      • Corlyss

        I have a lot of trouble with celebrities from outside the public policy world taking positions on public policy for any reason. I’m going catatonic with the next syrupy crap ad on education that I hear from the Bill and Melinda Gates Foundation. I don’t care whether they are self-serving or putatively philanthropic, they should shut the f*** up because they’re all advocacy groups, not creditable authorities.

  • Ghosts of Benghazi

    Buffet is a snake

© The American Interest LLC 2005-2017 About Us Masthead Submissions Advertise Customer Service
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.