Dave's Take On Warren Buffett's View

A listener wants to know what Dave thinks about Warren Buffett's opinion to increase the taxes on the super rich. Dave may not agree with the viewpoint, but that's not all he has to say about it.

QUESTION: A listener wants to know what Dave thinks about Warren Buffett’s opinion to increase the taxes on the super rich. Dave may not agree with the viewpoint, but that’s not all he has to say about it.

ANSWER: I’m a fan of Warren Buffett in general. I’m not a fan when he decides to be a closet socialist and redistribute wealth. I don’t agree with his premise. He and Bill Gates have this closet liberal thing going in the middle of them being big capitalists that is kind of hard to grasp.

Liberals and conservatives would get along better if they thought like this. What it comes down to is this: There are fringe elements on the left and right that are freaking crazy. But in general, people who lean left or lean right in their political ideology are both thinking the same thing. And that is, there are some hurting people out there that someone should help. That’s a good, noble thought.

The only difference between a reasonably balanced, intellectual liberal and conservative is not that they want to help people. The only difference is whether they believe government is the best vehicle to help people.

If you believe government is the best way, you believe we ought to tax people more to give money to other people who are hurting. If you believe government is an inefficient and ineffective way to help people, then you believe we ought to lower taxes so that people have their own money to help others by private, charitable moves in the marketplace.

In both ways, people are hypothetically being helped. The question is, which way do you believe is the best way? If you stop and think that way, it will help you with your critical thought patterns.