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Criticizing Buffett for Being a Good Guy

Written by David Neubert

Wednesday, 06 August 2008

I know, let's bash Warren Buffett for supporting Obama. That is what James Altucher does in showing all the ways that Obama policies benefit Buffett at the expense of everyone else.

In his list of examples, he includes that Obama's (and Buffett's) support of the inheritance tax is good for for Buffett since he plans to give away most of his money to charities.

I know that the inheritance tax has wider significance, but focusing on a dark motive behind an attempt to save the world through charity seems a bit silly. The accusation also detracts from the sense of pride and happiness that charitable work brings to countless generations of Buffetts.

Disclosure: I own Berkshire Hathaway (BRK.A) shares. I plan to continue to own them. As a matter of fact it's one of my top holdings.

Photo by David Hoffman, via flickr and Creative Commons