Another day another billionaire socialist attacking the GOP.
Why Warren Buffett says single-payer health care makes sense
Consider this...offloading his employees insurance premiums to taxpayers would be a sweet and lucrative deal for him.
I have read a great deal on Buffett, I respect his value analysis manner in which to invest in stocks which he expanded on from his mentor Benjamin Graham who wrote the bible "The Intelligent Investor" and Warren was his student at Columbia (if I remember). There is noone I respect more in regards to investing in the stock market. I watched him closely, read his annual reports from Hathaway, read all I could about his strategies and perspectives. However, he is well off course here. He earned his money through being shrewd, doing hard work, his research and meeting executives to get an idea of how good (or poor) management is. He buys businesses and does well for himself.
However of late he has become someone looking for angles from the government and taxpayer. If he were a younger Buffett he might judge himself poorly of late. He knows very well that the current costs of healthcare in America ensures it is impossible to have universal healthcare, and worse, he knows better than most that a government monopoly would be HORRIBLE for the industry.
I recall reading in one of his books how he hates paying taxes, his logic is simple, he doesn't want to give money to inefficient government who would only waste it, in his words. He even appealed to get back a few thousands a number of years ago in which he overpaid. This, while he had billions in the bank.
He knows that America was built on capitalism and free markets. Yes, provide healthcare options and don't let peopel die on the streets, but single payer run by the government? This goes entirely against what made Buffett and Berkshire Hathaway so wealthy, and a younger Buffett would cringe as such a proposal.
Oh and for the record, Buffett is not a socialist. Or certainly he definitely was not. I don't follow him much anymore to know his opinions today, but he knows that socialism goes against precisely what makes Americas economic opportunity so great.
