Words Of Wisdom From Billionaires

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“Stop Coddling the Super-Rich” That was the headline on a New York Times op-ed piece this past Sunday by America’s favorite multi-billionaire, Warren Buffet. His piece starts, “OUR leaders have asked for ‘shared sacrifice.’ But when they did the asking, they spared me.” Warren wants the super-rich, himself included, to be taxed more. But taking 100 percent of the earnings of every billionaire in America would pay for only a fraction of Obama’s profligate spending. In the meantime, Warren, why don’t you voluntarily send the big spenders in Washington more of your money?

This billionaire has had enough. When asked why there was so little job creation in the country, Casino impresario Steve Wynn blamed President Barack Obama. “I am telling you that the business community in this country is frightened to death of the weird political philosophy of the president of the United States. Until he is gone, everybody is going to be sitting on their thumbs.”

A warning from Red China. In the midst of the financial mayhem of the past month, the State Administration of Foreign Exchange — an official mouthpiece for the Chinese government — issued this statement: “We hope the U.S. government will earnestly adopt responsible policies to strengthen international market confidence, and to respect and protect the interests of investors.” We’ve come to a sorry place when a communist government lectures this country on the need to “protect the interests of investors.”

Wisconsin voters reject union demands. Despite pouring in more than $30 million and who knows how many outside “volunteers,” labor unions failed to unseat four Republican State Senators in special recall elections last week. Across the State, “outside special interest groups” (read: unions) outspent the actual candidates by a ratio of 5-to-1. Even so the Republicans will hold onto a majority in the Senate, thus thwarting efforts to overturn legislation to limit the power of public workers’ unions.

–Chip Wood

 

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.