Monday, November 26, 2012

Norquist: Buffett is a Crony Capitalist

In response to Warren Buffett's op-ed in NYT calling for higher taxes on the "rich", Grover Norquist responded with both barrels: 

Warren Buffett has made a lot of money, some of it off of gaming the political system. He invests in insurance companies and then lobbies to raise the death tax, which drives people to buy insurance. You can get rich playing that game but it's all corrupt. It’s not investing; it’s playing crony politics and economics. That’s a shame. He’s done the same thing with some green investing. Shame on him for gaming the system and giving money to politicians who write rules that make your assets go up... 
When the government takes a dollar away from the American people or a trillion dollars, that’s a trillion dollars not available to be saved and invested. I’m sorry if Buffett can’t see that but that’s kind of silly on his part.
Buffett did not start out a crony capitalist, but that is what he is now. His father Howard, a former congressman  was a supporter of Murray Rothbard, and is likely turning in his grave.


  1. Not only does Buffett get rich, but he simultaneously immunizes himself against becoming the latest object of the media/statists' two minute hate.

  2. My takeaway from SNOWBALL was the buffet has self esteem issues and lionizes the politically powerful. If you spend enough time with these grifters, your thinking becomes influenced by them.

  3. *Buffett did not start out a crony capitalist, but that is what he is now.*

    Good for you Wenzel for calling a spade a spade. It is not like this is the first time a son did not take after his father to the disappointment of those that are liberty minded.

  4. Buffet reminds me of a villain from an Ayn Rand novel