Warren Buffett says reports he wants to scrap Obamacare are 'outrageous'

All libtards assume that they can control the chaos they cause and harness it for even greater wealth or power.

The truth of the matter is that nobody can control chaos as it tends to devolve into totally unexpected directions.

Best example is Ceauşescu, former dictator of Romania. He was absolutely convinced the people loved him when he stood in the balcony of the presidential palace to address them on December 21, 1989. There were bus loads of supporters with banners to augment the crowd already gathered.

Ceauşescu was totally dumbfounded when the speech failed to accomplish the intended result. He was even more dumbfounded when he and his wife stood before a firing squad four days later.

If we are going to have increased productivity, leading to increased individual income, where could it be spent better than on better medical care? Given a choice of more trinkets from China, more food from Arthur Daniels Midland, or better medical treatment to improve quality of life, I find that a no-brainer. I'd like to see 80% or 90% of increases in individual incomes go to improving our individual medical care.

No, Buffet got it right, even if he now wants to walk it back to protect the Democrat Party.

The purpose of an economy is to allocate resources productively. Our health care economy has been broken for decades. How can you make a rational choice about how much to spend on health care when there is no way to know how much it should cost? It's idiocy to allocate 80% or 90% of your incremental income to health care when it's mostly going to paper pushing and taxes. It needs to be replaced by a market system that wrings such inefficiencies out, so that our health care dollars go to provide actual health care.

The Democrat solution to the health care market's woes is always even more of what broke it in the first place. That's because the Democrats don't really want to fix it. They just want the power the system gives them. They want ObamaCare to be implemented and fail so that they can come back say, "See! It doesn't work! Now we need single payer!"

Perfect assessment. I was at a meeting with a bunch of Denver developers in 2009. They were all very rich and usually mostly conservative.

They were arguing with me that the government would need to bail out the commercial loans next. I was pissed. These are people who clawed their way to the top and now they want to be protected. I made no friends that night.

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