Warren Buffett's hypocrisy

Truth be told, Warren Buffett’s politics and policies scare the crap out of me. Every one of his public pronouncements about what we should do in the political realm almost always contradicts what he does in business. It seems like an obvious contradiction and raises the question as to whether or not he could have achieved his fantastic wealth if his ideas were implemented sooner.

A fascinating lunchtime discussion with Buffett and Bill Gates took place last May at Gate’s home in Medina, Wash. Moderated by Michael Kinsley, the three discussed Gates’s idea of creative capitalism, the latest twist on corporate social responsibility.

“[W]hat if you had three percent … of the corporate income tax totally devoted to a fund that would be administered by representatives of corporate America to be used in intelligent ways for the long-term benefit of society?” Buffett asks in his opening remarks.