Here is another BS MSM story, this one about multi-billionaire Warren Buffett. Buffett, in image of a Nebraska replica of Garrison Kellior, likes to spin his own folsky yarns.
He also likes to tell other people how they should live their lives. Like how much taxes they should cough up on their California digs while he brags about paying much lower one on his folky homestead on the prairie in Middle America.
Billionaire investor Warren Buffett says that for wealthy people there comes a point where money “has no real utility.”
In an interview with Yahoo Finance’s editor-in-chief Andy Serwer at the Concordia Summit, the 86-year-old Berkshire Hathaway CEO discussed The Giving Pledge, which he founded with Bill and Melinda Gates in 2010. The pledge is a signed commitment by the wealthiest people to give away more than half of their money to philanthropy either during their lives or when they die.
Buffett argued that excessive wealth doesn’t do much for the rich and their families.
“There comes a point where money really has no real utility,” he said. “You can use it to show off, but you can’t do much else with it. I don’t think it’s good for your family. It can do wonders for people around the world.”
He noted that when the Forbes’ “rich list” of 400 wealthiest people debuted in 1982 the total wealth was around $92 billion. Now it’s $2.4 trillion.
“There’s a greater concentration of wealth than there was 30 or 20 years ago,” he noted. “What can you do with it? It seems so obvious to me you can take wonderful care of yourself. Are 10 houses better than one? Do you really want a boat?”
Buffett ranks No. 3 in the world on the rich list with an estimated net worth of $63.5 billion. He’s always maintained a low-key lifestyle, living in a modest home in Omaha and driving a practical car.
To date, 150 people have signed the pledge.
If money reaches a point in life where it has no utility why is he and billionaires like George Soros still trying to rig elections with their money. And they're not alone. Buffett is a known hypocrite. Other people have written about him. One of the people money has done wonders for is him. He boastfully uses it to pay less taxes than his secretary.
It's okay for him to take advantage for those dirty loopholes regulators in their zeal to try to level that which is beyond being leveled, human nature, but don't let the rest of us try it. To say that Buffett and other billionaires, right and left, don't use money to push agendas is what known in polite company as a lie.
It's okay for him to take advantage for those dirty loopholes regulators in their zeal to try to level that which is beyond being leveled, human nature, but don't let the rest of us try it. To say that Buffett and other billionaires, right and left, don't use money to push agendas is what known in polite company as a lie.
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