How Warren Buffett Came to Refuse Progressive Orthodoxy

Warren Buffett has long been known as a liberal executive. The Omaha billionaire has contributed millions to pro-choice organizations, he has raised money for Barack Obama and Hillary Clinton and he often calls for higher taxes on the wealthy.

Mr. Buffett’s recent annual letter to shareholders of Berkshire Hathaway, the conglomerate he has run for 58 years, boasted that Berkshire had paid $32 billion in taxes over the past decade. He said he hoped to pay more in the future: “We owe the country no less,” wrote Mr. Buffett, a Depression-era baby in his 93rd year.

Yet as the Berkshire faithful gather for their annual meeting in Omaha on Saturday, Mr. Buffett is decidedly out of step with the progressive orthodoxy in corporate boardrooms. To Mr. Buffett, boards’ rightful role is, as ever, to serve the shareholders who have risked their capital. Institutional investors such as BlackRock’s Larry Fink have pushed E.S.G. — or environmental, social and governance — investing to turn corporations into agents of progressive change.

Scores of corporations have in the last few years adopted climate and diversity policies. The Business Roundtable, a chief executives group, proclaimed it no longer believed that corporations exist principally to serve shareholders. This is a little like the Communist Party dropping its primary allegiance to workers.

This is a little like the Communist Party dropping its primary allegiance to workers.

That actually happened as well under CRT (i.e. identity group Marxism). Now the allegiance is to whomever fits the "historically marginalized" framework needed for a given piece of consolidation of their power at any moment.

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price”

“There are a lot of mistakes that I’ve repeated. The biggest one, the biggest category over time, is being reluctant to pay up a little for a business that I knew was really outstanding.”

Many more good quotes are at:
https://www.suredividend.com/warren-buffett-quotes/

Beware of any specific investment information, I’m only posting this because some people might be interested:
https://www.suredividend.com/warren-buffett-stocks/

“We expect our grantees serving women and girls to ensure access and education to all health care options, including abortion.”

https://sherwoodfoundation.org/about-us/

“To be eligible for the Susan T. Buffett Scholarship, you must:

Live in Nebraska and meet in-state residency requirements of the college you plan to attend

DACA, undocumented, or DACA eligible students are still eligible to apply....”

https://buffettscholarships.org/eligibility-selection

Buffett also used to run around begging the government to increase his taxes. At one point he said his taxes were lower than his secretary’s taxes. That’s a pretty stupid statement to make in the press. He deserves what he gets.

“NoVo Foundation seeks to foster a paradigm shift from domination to partnership. Funds are primarily directed toward the empowerment of women and girls, social emotional learning for all....”

” In 2006, Warren Buffett pledged a portion of his Berkshire Hathaway, Inc. stock to the foundation to be paid out over time. In 2012, Warren Buffett decided to significantly increase the amount of stock he gives to the foundation, ultimately amounting to about $2.1 billion.”

https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=BUFF015

“We are a nonprofit fighting poverty, disease, and inequity around the world.”

https://www.gatesfoundation.org/our-work#program_strategies

Specifically he said his tax rate was lower than his secretary's tax rate. Of course, he was talking about capital gains tax rate vs income tax rate. And the other detail he didn't broadcast loudly was that his secretary was making a six-figure salary back when only the ultra-wealthy made six-figure salaries. LOL

I hope they don't start taxing Roth IRA's. Life in the 12% tax bracket is nice (thank in part to good tax planning while I'm still working). Even if the Trump tax cuts expire while I'm retired we'll be in the old 15% tax bracket instead of the higher 25% or 28% brackets -- unless they start taxing withdrawals from Roth IRA's.

______________________________________________________

Actually it was brilliant. Leftist sycophants loved to hear such things from an “Enlightened Capitalist”, while Buffett didn’t actually have to do anything but donate a pittance to Dem politicians to actually keep his rates lower. IF he really felt he should pay more in taxes (and I mean sincerely felt that way), he would just voluntarily donate more of his income, savings, and property to the government.

A little something for everyone, selections from the WB keyword:

Buffett Foundation Gave $196,388,893 to National Abortion Federation Between 2003-2020 [11/30/2021]
SICK! Soros & Buffett-Funded Abortion Group Tries to Sway Faith Voters [06/24/2021]
Warren Buffett resigns from Gates Foundation, donates $4.1 billion [06/23/2021]
The mystery billionaire giving millions to Planned Parenthood to pay for poor women's abortions [10/01/2015]
Warren Buffett spent how much promoting abortion? [07/11/2014]
Obama Advisor Buffet Gives Millions to Pro-Abortion Groups [10/21/2008]
Pro-lifers against Buffett-Gates alliance [06/30/2006]
Berkshire-Hathway Pulls the Plug on Planned Parenthood [07/03/2003]
World's First Killshot Murder Trial: India Charges Bill Gates and Adar Poonawalla, Seeks Death Penalty [12/07/2021]
Who Are the Rich, White Men Institutionalizing Transgender Ideology? [04/11/2019]
"Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan" [09/09/2015]
Bill Gates and Eugenics: The world needs fewer people [12/29/2012]
Bloomberg News Whines Annual Buffett Letter Didn't Address Racial Politics [03/01/2021]
Warren Buffett warns coronavirus will affect business, but he 'certainly won't be selling' stocks [02/24/2020]
Warren Buffett Laments SJW Companies: 'This Is the Shareholders' Money' [01/02/2020]
Berkshire is accused in NY lawsuit of workers' comp 'siphoning' [09/12/2016]
Buffett Rails Against Presidential Candidates Who Talk Down Economy [02/27/2016]
Warren Buffett Said to Join Tony James for Clinton Fundraiser [12/04/2015]
Soros Clones: 5 Liberal Mega-Donors Nearly as Dangerous as George Soros [08/28/2014]
Warren Buffett: Scrap Obamacare and Start Over [09/17/2013]
Only parents can set their children free from Common Core indoctrination [04/02/2013]
Saint Warren's dark side (The ugliness of the billionaire that the media overlooks) [02/01/2012]
Why the left thinks Warren Buffett isn't about $$$ [12/07/2011]
How Obama and Buffet FIRED 40,0000 Workers in One Day!... and made $4 billion [09/21/2011]
That thud you just heard was Warren Buffett throwing Obama under the bus [03/11/2009]
Buffett: GOP Should Unite Behind Obama [03/09/2009]
Gates, Buffett back Obama ahead of elections ( Gates is a liberal ) [11/04/2008]
Warren Buffet and Hillary: Hillary Cackles At Mean-Spirited Joke [06/27/2007]
Buffett son spends millions to boost border security in rural Arizona, report says [01/14/2019]
Warren Buffett in Contact With Biden Team on Banking Crisis [03/18/2023]
Bill Gates Announces He Will Give 'Virtually All' His Wealth to His Foundation [07/13/2022]
Report Cites Confidential IRS Data To Reveal Tax Histories Of Elon Musk, Jeff Bezos, Other Billionaires [06/08/2021]
Warren Buffett says bitcoin is 'probably rat poison squared' [05/07/2018]
Senators Call For ... Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election [09/22/2016]
WARREN BUFFETT: I'm Buying Stocks If They Fall Today, And Bitcoin Is Not A Currency [03/03/2014]
Buffett lauds Bernanke but laments lack of investment bargains [09/19/2013]
Warren Buffett's folksy act conceals his 'steal' of BofA [08/30/2011]
Berkshire Hathaway To Invest $5B In Bank Of America (Buffet dreamt up the idea in the bathtub) [08/25/2011]
Warren Buffett Is Buying Stocks With Both Hands (Even Donald Trump is Scooping up Financials) [08/11/2011]
Berkshire Hathaway's $5 Billion Investment in Goldman Sachs in 2008 Has Resulted in a 50% Return [02/02/2012]
The Hole in the Warren Buffett Defense of Goldman Sachs [05/05/2010]
Buffet Loses $950 Million In One Day On Goldman SEC Charges [04/17/2010]
Goldman, Buffett, Obama: Let Them Eat Cake [01/26/2010]
Warren Buffett sees $11 billion boom on Donald Trump win [11/22/2016]
Warren Buffett responds to Donald Trump's tax comments [10/10/2016]
Bill Gates calls for higher capital gains taxes [05/02/2016]
Al Qaeda Mag Urges Attack on Koch Brothers, Buffett, Bloomberg [09/09/2015]
World's Wealthiest Donate Billions Through the 'Giving Pledge' [05/31/2015]
Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way [05/22/2015]
Harry Reid Now Spreading Baseless Claim that Koch Brothers Don't Pay Corporate Taxes [04/02/2014]
Rep. Ellison (Dim): 'There's Plenty of Money, It's Just The Government Doesn't Have It' [08/03/2013]
Buffett's son: charity fuels a 'perpetual poverty machine'; giving money away eases conscience [07/28/2013]
Warren Buffett Seeks Dividend Tax Hikes -- Whose Money Is It? [03/22/2012]
The Buffett Rule would bring in less than $3 billion a year in revenue [03/20/2012]
Buffett's Private Jet Company Countersued By US Gov Over Taxes [ He rejects even the Bush Rates ] [03/09/2012]
Legislating by anecdote (Foolish to base tax policy on a story about Warren Buffett's secretary) [01/30/2012]
Bill Gates Laughs At Buffett Rule: 'You Can't Raise Taxes We Need Just By Going After That 1%' [10/31/2011]
Warren Buffett Says He Will Release His Tax Returns If Rupert Murdoch Does (First shots fired) [10/04/2011]
AP fact check: Secretaries don't pay more taxes than their bosses (Paging Warren Buffet) [09/20/2011]
Freight rail strike threatens supply chains, prompting White House planning [09/14/2022]
Poor Rail Service Threatens US Economy, Shippers Tell Federal Regulators [05/07/2022]
Average gas prices in US reach $3 a gallon for the first time since 2014, AAA says [05/12/2021]
Donald Trump Jr. exposes the real reason Biden is blocking Keystone XL: This has nothing to do with the environment or even politics. It's all about the Benjamins. [01/22/2021]
Is Warren Buffett the Wallet Behind Black Lives Matter? [10/08/2020]
Warren Buffett campaigned for Obama and Clinton, but hasn't donated to or spoken out for Biden -- and no one knows why [09/14/2020]
Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs [08/18/2020]
California governor asks Warren Buffett to back dam removal ( Klamath River - hydro-electric green energy ) [07/31/2020]
New Data Shows Evidence of Short Seller Attack on Market -- Trump Must Reinstate Uptick Rule Immediately to End the Market Crisi [03/13/2020]
More Evidence That We Shouldn't Take Advice From Climate Activists [12/19/2019]
Gov. Newsom calls for Warren Buffett to buy PG&E as widespread power shutoffs continue [10/28/2019]
Rising California Gasoline Prices Highlight Growing Divide in U.S. [10/24/2019]
Gov. Gavin Newsom wants investigation of state's high gas prices [10/22/2019]
Two Women Charged with Offenses Related to Pipeline Attacks [10/04/2019]
Billionaires Are Behind Efforts to Slow America's Energy Infrastructure [07/20/2019]
Did Calif. Municipalities Suing Energy Companies Over Climate Commit Securities Fraud? [03/25/2018]
The Latest: Berkshire investors reject climate change report [05/01/2016]
Warren Buffett says climate change no risk to Berkshire Hathaway [02/29/2016]
Obama: Keystone would make planet "uninhabitable" [11/09/2015]
Here's The Real Reason Obama Killed The Keystone XL Pipeline [11/09/2015]
Massive Fire Rages After Another Buffett-Owned Oiltrain Derails In North Dakota, Town Evacuated [05/06/2015]
Warren Buffett criticizes Keystone XL delay, says U.S. 'thumbing nose' at Canada [03/02/2015]
Warren Buffett: 'Keystone Should Be Done' [02/06/2015]
Keystone XL pipeline decision back in Obama's lap [01/10/2015]
Warren Buffett's Massive Railroad Lobby [11/19/2014]
Rising Rail Oil Shipments Beg For Safer Keystone XL [11/17/2014]
Cuomo seeks immediate action on oil-train safety issues [Warren Buffett shakedown] [05/01/2014]
Here's Why Warren Buffett and General Electric Are Betting Big on Natural Gas [04/07/2014]
I'd vote 'yes' on Keystone pipeline: Warren Buffett [03/06/2014]
Environmentalists Do Billionaires' Bidding in Fight Against Keystone Pipeline [02/05/2014]
Ready To Build The Keystone Pipeline? Not So Fast Says The White House [02/01/2014]
Obama Donor Will Run Anti-Keystone Ad During SOTU [01/28/2014]
Canada loses patience on Keystone XL, tells U.S. to decide [01/17/2014]
Could US lose access to Keystone oil? Canada moves to Plan B [01/15/2014]
Warren Buffett's firm acquiring Phillips 66 unit [12/30/2013]
Harry Reid Helps Warren Buffett Acquire Big Energy Firm [07/31/2013]
Obama & Buffett Quid Pro Quo - Blocking the Keystone XL for Donations. [06/22/2013]
COMMENTARY: An Obama-Buffett Connection Could Keep Crude Rolling by Rail [06/19/2013]
Was Keystone Blocked to Benefit Buffet? [03/22/2012]
Keystone XL, Obama and Buffett (Follow the money, this is why Warren supports Barack) [01/25/2012]
Buffett would profit from Keystone cancellation [01/24/2012]
More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad) [01/23/2012]
Billionaire Buffett's Bakken Boom (Obama's crony benifits richly the nixing of Keystone pipeline) [01/18/2012]
Bombshell In WaPo/Keystone Scandal: Did the Post Coordinate With Congressional Democrats? [03/26/2014]
Buffett says he passed on buying Washington Post [10/23/2013]
Twin Falls Newspaper Financed by Globalist Warren Buffett Attacks Breitbart [08/25/2016]
Warren Buffett's Charities Are Making Him Richer by Funding Shady Attacks on Berkshire.. Competitors [09/17/2019]
Berkshire's Munger says China right to clip Ma's wings [07/01/2021]
Fiona Hill says that she heard Putin describe American fracking as a 'great threat' to Russia [11/21/2019]
The Oracle of Omaha says Nuke Attack a CERTAINTY (MY TITLE) [05/05/2002]

Bill Maher and Elon Musk will be targeted... it’s starting...

Lots of people are discovering what ‘progressives’ are and who they really represent - - and it sure as hell isn’t decent hard working Americans.

Buffet is far left and a darling of the left wing. He makes a fortune shipping oil on his trains when oil companies aren’t allowed to build a pipeline to move it. Pipelines are 10X more safe than trains for moving oil

if you recall obama was cancelling the keystone pipeline

buffet’s trains carry were carrying that oil

it was mutual back scratching

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