I already knew Warren Buffet was a fool, but I didn’t know until now that he’s also a hypocrite. It turns out that the man who begs the U.S. government to raise taxes on wealthy folks has an ongoing tax liability at the company he runs. Berkshire Hathaway’s own auditors believe the company owes the IRS more than a billion dollars in unpaid taxes.
The grisly facts of Buffet’s situation are laid out in an article by a website run by Americans for Limited Government. It’s not a pretty picture if you’ve been a fan of the Wizard of Omaha. (Download the PDF of the Berkshire Hathaway annual report to see the specifics on Page 54.)
In Buffet’s opinion piece for the New York Times, he said:
“Most [wealthy people] wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.”
It sounds to me as though Buffet is less worried about the suffering of his “fellow citizens” than he is in influencing politics. As I’ve pointed out before, Buffet is very welcome to contribute his own money to pay for big government if he’d like. He’s even more welcome to pay up the billion dollars that his company’s own auditors believe the company is likely going to owe. Since he’s not doing either of these, it suggests something else.
Arrival of better financial days makes me value my painful past
With changed priorities, it’s time to re-evaluate my long-term goal
Life choices: What’s important enough to spend your life doing?
Why do we ‘need’ the newest thing? Is that where people get their joy?
A haunting question: ‘Where is love now, out here in the dark?’
Death of classmate from past feels like a reminder to change my life
Anatomy of a lie: Why destroy credibility by exaggerating facts?
Patterns that made old mistakes keep us making same old errors