Rich People Do Have a Heart

Tuesday, May 20, 2003
I was very impressed by a statment made by Warren Buffet. For those who don't know who he is he is the head of Berkshire Hathaway which is basically one of the most successful investment companies on the planet. He is known to be an absolute genius when it comes to picking stocks and is probably rivaled by only Bill Gates as the richest man in America.

Anyway, Buffet recently commented on the proposed tax break on dividends that recently passed through the senate. Now you would think for someone so deeply invested in the stock market that Buffet would be all over this tax break. Afterall, he stands to gain millions if this bill goes through. But he actually came out against it. I couldn't believe my eyes when I read it. A rich capitalist with a soul. (Actually, who am I to call him a rich capitalist?) Read the article. He actually makes a very cogent argument. Everyone and their brother knows this will only benefit the rich but somehow Bush and the republicans want to make it seem like they care for the poor. How many poor people do you know own stock?