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Warren Buffett Is Everything That's Wrong With America
From Bloomberg: Kraft a Menu at the Buffett Buffet With Warren’s Latest Deal
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I think I’ve never understood the American – and international – fascination with money, with gathering wealth as the no. 1 priority in one’s life. What looks even stranger to me is the idolization of people who have a lot of money. Like these people are per definition smarter or better than others. It seems obvious that most of them are probably just more ruthless, that they have less scruples, and that their conscience is less likely to get in the way of their money and power goals.
America may idolize no-one more than Warren Buffett, the man who has propelled his fund, Berkshire Hathaway, into riches once deemed unimaginable. For most people, Buffett symbolizes what is great about American society and its economic system. For me, he’s the symbol of everything that’s going wrong.
Last week, Buffett announced a plan to merge a number of ‘food’ companies in a deal he set up with Brazilian 3G Capital. For some reason, they all have German names (I’m not sure why that is or what it means, if anything): Heinz, Kraft, Oscar Mayer. Reuters last week summed up a few of the ‘foods’ involved:
His move on Wednesday to inject Velveeta cheese, Jell-O, Lunchables, Oscar Mayer wieners, and Kool-Aid into his portfolio, stuffs an already amply supplied larder. The additions came from the acquisition of Kraft Foods Group Inc by H.J. Heinz Co, which is controlled by 3G Capital and Buffett’s Berkshire Hathaway. His larder already included everything from Burger King’s Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See’s Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday’s mozzarella sticks.
Isn’t it curious to see that once people have more than enough to eat, they sort of make up for that by drastically lowering the quality of their food, like there’s some sort of balance that needs to be found? Give them more than plenty, and they’ll start using it to poison themselves.
The key term here, the one that tells you where this goes awry, is what in economics is called ‘externalities’. Something large industries are very good at circumventing. The larger the are, the better they get at it. Mostly this has to do with environmental destruction as a result of resource extraction, but the razing of large swaths of natural habitat for the construction of highways and suburbs that make people use more products provided by the oil industry, is a good example too. That and the direct effect these products have on people’s physical health.
Buffett, the supposed genius, can only do these deals because nobody demands anybody to pay for the externalities that arise as a result of Warren pushing crap posing as food upon the American people. And then when he’s done getting even richer off of poisoning your kids, he’ll donate billions to their well-being.
But in a better and wiser world, Warren should pay into the health care system right now, he should pay for the obesity and diabetes costs his ventures and investments are going to cause. And he should do so in advance, not just after the fact in some warped and distorted kind of philanthropy. Warren Buffett kills American kids for profit. Huge profits.
The ballooning waistlines of America can be traced back, in a very simple and straight line, to the sorts of ‘food’ that Buffett’s new conglomerate produces. That’s where type 2 diabetes comes from. This is not some vague future scare scenario, it’s here and it’s now. As someone in a poor black community said a few years back: ‘we’re raising a generation of blind amputees’.
And it’s of course not just Buffett, the poisoning and degradation of America’s food runs across and through industries, both vertically and horizontally. The insanity of corn syrup and processed food ranges from Monsanto to Cargill to McDo’s to a zillion other companies and products. Who, as an industry, have managed to keep any responsibility, let alone litigation, at bay.
Who would even dream of taking McDonald’s to court for poisoning American kids? In the present set-up, it would be an impossible and unwinnable case. But that’s not because the accusation is absurd or even far-fetched. It’s because the narrative is that, even if it could be proven, people still have the right to choose to eat what they want.
The companies get the profits, society at large gets the damage. It’s the ultimate form of the Tragedy of the Commons. If you allow people – and companies – to dump the negative consequences, and the costs, of their undertakings on the public, they will, and they can get very rich off of that.
Yeah, Warren has Coke and Utz Potato Stix for breakfast. What a great story… But does that mean he is too thick to understand what happens in America? Does he not see the bulging waistlines? Or is his own bottom line simply that much more important? Does Warren Buffett consider his own profits way more important than the future of America’s children?
You could be forgiven for thinking so, couldn’t you? Warren Buffett is revered all over the place, but in reality, he’s the schoolbook example of everything that’s wrong with America. That whole money before and over anything else (including people’s health and well-being) mentality.
It makes people stupid, and it makes for stupid people. And sick ones, too. It’s their own choice, though, and their own responsibility, advocates of the model will say. All the industry does is help them make that choice by bombarding them with endless feel-good ads. But is that really a good idea if and when it means the world’s health care systems threaten to implode because of it?
Like many other industries, Buffett’s crap-for-food enterprise would not nearly be as profitable (probably not even viable) if it were to be charged for the damage it does to society and the people living in it. That’s what’s wrong with the current American economic model, and Warren epitomizes this.
This Tragedy of the Commons abuse is so ingrained in the economy that it’s hard to see how it can be changed. And that does not bode well for anyone except the Warren Buffetts profiteering from it.
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And then there's this: The mobile-home trap: How a Warren Buffett empire preys on the poor
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Wasn't this Old Fuck suppose to die a couple years ago?
Fuck you. It is not Warren's fault. The Fault begins and ends with the hand feeding the Big Mac/Coke to your face. Take some personal responsibility.
Nobody is buying this "blame yourselves" line these days. That's so 2012.
Not sure what's more amusing. The unbelievable retarded premise of the article or the fact that 'So close' is getting down votes.
If you are one of the idiots that think that Buffet controls your hand in regards of the trashy food you put in your mouth, please grab a gun and shot your brains (if any) away. Blame it on me, I'm the one controlling this other hand.
I'd like to kick that motherfucker in the face with a steel tipped boot...
<--- Munger bergfeldlowenstein, please report here
Hey, Warren...
Lamp post + rope.
You and the Mung-hole you rode in on.
Execution of Buffett by 135,000 psi DQ Blizzard Enema.
What the fuck is wrong with some of you guys? Here you got an article with someone pointing to the indisputable fact that Buffett is virtually running around in town selling people poisoned apples for profit, and your first reaction is to get totally outraged at anyone blaming Buffett for people eating messed up food. You seriously need to reconsider your take on the concept of individual responsibility.
Warren would be retailing DU if the monopoly on wholesale wasn't so good
What's wrong with America is a bunch of freeloading leeches and a political system that coddles them in exchange for votes. We have a welfare/never work/only consume class supported through legislation by a political class that could be in office no other way. It is in effect a cancer growing on a cancer. It will either kill the patient and then die or weaken the patient so much that the cancer itself starves. I am fine with ethier alternative at this point. Men of sense, determination, and values have been too silent to too long. We deserve it.
The only major leech problem in America is called Wall Street, and the FED and the government is their primary blood sucking device, Warren Buffett is just one of those leeches slowly tapping the rest of our society for its blood. Your problem is that you are a fascist, you can't stand weakness and thus you are repulsed by anyone who claims victim status or just appears like a victim, and you are equally impressed by a strong personality like Buffett. Maybe it's just bitterness resulting from the fact that you have been honest and hard working all your life yet never claimed to be a victim, or maybe you were just born as an upper middle class douchebag.
weakness is not a virtue. it's the meek who inherit the earth, not the weak.
and since claiming victim status has become a full time occupation for millions, why can't you see that there are leeches at the top and bottom? but nice job calling this guy out for being honest and hard working.
A little bit back to the point. A long time ago when they invented the cotton gin, it made a lot of smelly seed waste. They had to haul off the waste and bury it. Then someone came up with the idea of hydrogenating it and making into something that they could now make money off of. They also applied this technique to rancid fish oil and other seed oils. The process makes not just trans fats, it also hydrogenates things like Vitamin K and makes pretty much "anti-food". To make this food less unhealthy, they... FORTIFY it with vitamins because it was so heavily manipulated. To get people to eat it, they add sugar and salt and various flavorings. They have essentially made hyper-palatable food out of what used to be called crap. What to do? Don't eat non-nutritious food.
So Close and GW Kush,
You're both right!
He got paid extra to drink that coke live on tv, there were 100 bottles of water and one bottle of coke, he chose the coke, what got me was he didn't even wash his mouth out with one bottle of that spring water, carried it around all day.
he didn't even wash his mouth out with one bottle of that spring water,
You mean Arkansas tap water.
"America may idolize no-one more than Warren Buffett"
huh? What's this guy smoking?
There are a bunch of sheeple even on this site. Amazing. There's always someone else to blame....
I don't eat any of this crap. But if you drive through the new Jersey Turnpike, you see fat suffering sick people, families, kids, mothers. It is hard to watch. They have food on the turnpike, but it is just a bunch of choices of this poison food. If I drive anywhere for a long duration I bring my own food.
Fuck you. It is not Warren's fault. The Fault begins and ends with the hand feeding the Big Mac/Coke to your face. Take some personal responsibility.
Totally agree. Don't fault Warren for providing what people want. Fault the people for making those choices.
This author is full of shit.
So are the people who eat what Warren sells them.
on a long enough timeline the survival rate for everyone drops to zero....
i do not see the problem, since, this mother fucking son of bitch gonna die just as anyone as ourselves.... this should sadden him to climax and this should help up to ease the pain, whatever the fortune, you end up in the graveyard just like any fucking of us...
do i care anylonger to the world or anything for the futur ? nope... futur is the new F*** word.
The way things are going he'll end up with some grand tomb while the rest of us are just a pile of ashes.
when there is no one to put flower on both, any difference ?
< Oracle of Omaha
< Sheeple Shepherd
So is education, but who the fuck cares?
"It is not Warren's fault" Ehhhh be it food or be it US industry. He lead the charge of the destruction of the US.
And to memorialize it he even named his $ machine after it. Berkshire Hathaway.
while i certainly agree that no one is forcing folks to eat bad food... here's the problem...
We are paying for these folks to get fat, sick, and die very very slowly.
My love for the concept of 'their personal responsibility' ends when my money is paying for it.
Totally agree. Don't fault Warren for providing what people want. Fault the people for making those choices.
This author is full of shit.
Absolutely correct.
He has made it less expensive for the jackoffs to watch porn while they eat.
Yeah, I quit reading the article as soon as I got to this.
Raul writes some seriously stupid shit at times. This is one of them. I find Warren to be one of the most evil people on the planet, yet somehow, this idea is supposed to be the cure?
Inner socialist must speak sometimes.
Looking at the down votes there must be a few out of control malnourished fatties here.
https://www.youtube.com/watch?v=hCDAfa-NI-M
" I'm your momma
I'm your daddy,
I'm the the trader in Nebrasky"
Correct. Blame the hand.
The thing that IS wrong with Buffet is how he manipulates government to secure his invest... no, speculations at the expense of the taxpayers.
Warren Buffet is the world's premier welfare queen.
Edit: Yeah I spelt it Buffet. After all he's taken from me I figure I should at least get a t out of him. Wait, it isn't even capitalized. Dammit.
He is an inside trader , fuck him.
I take full responsibility for every calories of garbage food I put in my mouth. My issue with Warren is him pricing out alternatives. Government subsidies and regulations give his garbage food a huge edge on real food.
Beware of blanket generalizations Raul, as not all Americans worship money and we certainly don't idolize Buffett.
Hey Bloomberg. If I want a Coke or Whopper now and then, what's it to you?
Mind your own business.
Shit, there is not decency, it should be illegal to produce and sell that "food" in the first place...
About time somebody called him out.
In that case the author should at least have the integrity to call Buffet out for something which he is actually responsible. What you eat is up to you princess.
Buffet scamming you out of your earning by manipulationg the government to backstop his losses using your earnings is something YOU and the author should both hold against him.
The point is that as long as someone is allowed to not be held responsible for "externalities", you will always be scammed of your earnings. By extension as long as someone is allowed to accumulatre power to a certain degree, you will always become an externality. Something has to give. Ultimate liberty (to accumulate power) or ultimate safety. The realization to take home, as always, is that neither come through government. That reducing government and its ability to redistribute is the first step. Next comes educating people on game theory and the importance of being producers and the importance of a surplus.
Yet again, until there exist overlords, whether they're presidents, billionaires, warlords or mafia bosses, YOU will be an inherent externality. That and that allegiance is the first step to slavery.
About time somebody called him out. One of these days he will be found with a melted ice cream cone, a bag of potato stix and a warm coke.
About time somebody called him out. One of these days he will be found with a melted ice cream cone, a bag of potato stix and a warm coke.
Dead on the couch, I hope.
Fools love him on LinkedIn. They never mention their admiration for his cronyism skillz...
Fuck you. It is not Warren's fault. The Fault begins and ends with the hand feeding the Big Mac/Coke to your face.
Hoarding money because money is freedom.
Seriously, I DARE you to argue with that. With enough money you can have your own private island, a private army, a private navy. You can quite literally kill people and get away with it and once you hit critical mass, you can flat out buy politicians in order to keep making more money with zero effort. Money buys power and money buys freedom. Simple as that really. Once you have a good chunk of money, the risk becomes losing it and losing those freedoms. The only way to secure them is to keep hoarding.
All the money in the world can't get Fukushima radiation out of a billionaires food. So how does the freedom thing work again? If a person kicks ass or cheats their way to the top they still eat worse food than in the 1800's. I don't see the point of this wealth if you can't improve your quality of life.
these money fuckers worship money and are happy chasing their god - money. if that is happiness then great, they can have it, amen to them. may they rest is peace with a stack of hunfreds next to their dick. stroke that stack fucker, ha..
i said the exact words to my wife-buffet(and numerous others) are what is wrong with capitalism in merica (it aint capitalism); they hijacked it for personnel gain.
Tsar Nicholas was rich.
King Louis was rich.
King Charles I was rich.
It worked... until it didn't.
Start small. A (relatively) small fortune buys local Town-Hall level "Government" (which can be steered to allow the fortune to grow).
Next step - move into Regional Government - costs more up front, but the potential income (direct, and via "connections") is much greater, so in all "more bang for your buck".
Next step - move into National power structures - initially via lobbying, then via outright "purchase" of Politicians (Senator level). Getting "expensive" but the rewards (short and long term) are really gaining in magnitude. This level of involvement will by necessity involve investment in the "big" taxpayer-funded areas, typically MIC and their supply chain.
Then - join up with your "equally connected" friends to choose which "Presidential Candidates" the people are "allowed" to choose from.
By the time you reach "level 2", you will start to be able to "arrange" for the Public to meet at least some of the "costs" associated with failures of "high risk, high reward" projects, and by the time you reach "level 3" the public will be back-stopping ALL risk, so whatever appeals in terms of profitability - "give it a go" since the risk is of no consequence.
It's not just Uncle Warren. It's EVERONE with their snout in the trough - "Businessmen", Politicians, anyone who has managed to "play the system".
They have got "Theirs", they "Want More" for them, since at this level, wealth is the "Big Image game" - to be seen to be the "Wealthiest" of the bunch - and they are very, VERY determined NOT to share, certainly NOT with the "Little People".
I thought this article was going to be about his crony capitalism. Bummed.
The average American consumes about 49 gallons of corn surup via processed foods. The new soylent green.
It's people!
And all of that ( cheap) corn is subsidized by who? And those emergency room visits with symptoms of diabetes? So, the earlier post says these companies shouldn't have to pay for any of this. Meanwhile, the poster is.
haha ... this is so precious
Paul Krugman has been advising japan ... was this his idea??
Japanese fabrication is in league with Krugman Fabrication.
Having twice the debt is double good.
How much money does that cocksucker need?
It has nothing to with NEED and everything to with WANT, sort of like the fat fucks who stuff their faces with his "food" products.
It is no more than "The Big Game" - the battle of enormous egos, along the lines of "My Fortune / Toys / Houses / Connections are Bigger than Yours".
Even for the "moderately wealthy", their control of resources far outweighs their needs (or in many cases even desires), and for the "Outrageously Wealthy" ( per an Economist headline some years ago, long before the extent of today's divisions), their immediate control of assets probably outweighs centuries of their descendants "needs" rather than "wants".
The more they get ("legitimately", or downright illegitimately), the more they want.
The more thay have, the greater their desire to "keep what's rightfully theirs".
The greater their isolation from "The Masses", the less regard they have for "The Masses", which is reflected in the increasingly violent means they are prepared to use to defend "their" pile - excellent examples from "South of the Border, Down Mexico Way", and of course further afield.
Which boils down nicely to the very well-publicised mindset of "The Connected" in respect of "Population Management". All those "Useless Eaters" consuming "their rightful" resources.
Hence the interesting situations in Ukraine and elsewhere - War: Good for "Thinning the Herd", and VERY good for "Profits" . . . . .
Everything is not enough. They want more.
There are many diseases, undertreated because the for-profits refuse to treat them properly because it costs money. As a result, America is full of sick people, unable to get proper treatment, anywhere. Part of the problem is that doctors are afraid to buck the system, in fear of losing their license because corrupt ins companies control medicine.. All for the almighty dollar.
He is buying real estate. The square footage of those shelves in the supermarket that his brands sit on. Way cheaper to buy that square footage from the top down than to get it any other way. The dollar amounts may be obscene but that's what it costs. He'll probably end up with nothing special--just an average rate of return. A fairly low risk sound and reliable return though.
look up crony in the unabridged
and you will see his image.
Warren has some bizarre hold on the American psyche. Even on my blog, I've avoided saying anything negative about Warren, since the old coot seems to have wormed his way into even the most bearish hearts.
The Aspergery Old Cunt said he's going to leave 99% of his wealth to charity too.
Guess people will buy any oul tripe.
The Klu Klux Klan (or whatever name it goes by now) can be a "non-profit" charity under the US Tax Code, just like Planned Parenthood (which has killed far more blacks than the Klan), but ambitious and politically correct Warren prefers his neo-eugenic population management on a more global level... hence the B&MGF contribution.
Then there is the charitable work of Wells Fargo & BofA - all those expenses of promoting "financial literacy" aka "How to sell yourself into debt bondage to your local Bankster" is both charitable and tax deductible for his TBTF banks, and the deduction flows straight through to his increased dividends.
The tax code in regards to "Charity" (and just about everything else) in the US is a sick joke - tax 1) CONSUMPTION and 2) IMPORTS 3) ORDERS on listed securities and NOTHING else.
funny , selling shit quality food is the last reason buffet is a piece of shit.
buffet is an insider nazi elitist who plunders the public using governmetn subsidies. and then he turns his cheeks to the cameras that are all to willing to propogandize this man as the heart of capitalism.
insurance companies are a tax mandated revenue stream . he owns a big one. used it very cleverly to finance decades of very plain old acquisitions.
despite his evilness, i at least give him credit for calling greenspans deregulation for the spade that it was.
i read his little blue book. he is famous for being honest about shareholder dilution as a major strategy by which wall street plunders 'investors'. so if you bought his stock you did well. he had a good strategy----don't fuck your own shareholders. pretty impressive what passes for 'honest' capitalism these days is just not being as horribly evil as the worst of the worst.
"he had a good strategy" Yea right. Just don't go looking for any shirts or the industry that made them.
i have many beefs with Buffet
a few
1) wanted to raise tax on LABOR income (but leave my taxes low on capital gains, interest and dividend income)
2) practices tax avoidance with berskshire hathaway
3) cheapskate billionaire. Read an interview once where asked why no yacht. Replied ~ "a lot of headaches ... better to know someone with one than own one yourself" ... where is the trickle down there tightwad?
He's right about the boat. If it flies, floats, or fncks... then you're better off borrowing or leasing.
Not just real estate. Real estate companies. BIG real estate companies. Prudential and Real Living and he's ramping it up . Expanded into the UK and wants it to be a monster worldwide real estate company.
It's called Berkshire Hathaway HomeServices.
I only eat at Los Pollos Hermanos. Ask for Gus.
Hooray for Warren Buffett, Diabetes wins again.
Why is thsi story posted on this website? This belongs on the Huffington Post. We need more people like Warren Buffet, who know how to manage money and a business!!!! If you can't limit your caloric intake, blame yourself.
Warren has his hands in government's pocket...
And Elon Musk is a copy cat....
Didnt Warren lend GOldman a chunk of money....then the govt bailed them out...
oh, I'm sorry, the G bailed out AIG who then gave the money to Goldman
i h8 buffett moar than all you bitchez put together but this article is crap crap crap. i could have put together a moar damning indictment in five minutes. fuck that fascist fuck. munger and gates too, all their ilk. when those maggots finally die i am going to have a little party.
Unortunately during the boom times Warren was the poster boy of what one could accomplish in a free society. "Yes you too can become a billionairre, entertain, live the life of O'reilly and shmooze with all the Hollywood celebrities. After all money is what defines you right?
Warren actually does a really good job making his shareholders and himself very wealthy. He doesn't actually do a dam thing but he does do that well. Exactly how does buying up other people's hard work enrich a society. Simply put it doesn't.
The biggest problem is the fact that corporate profits trump all. It was mentioned rather eloquently here a few times that, "don't educate them, just sell them". That seems to be the motto. It doesn't matter that you create a legacy of deteriorating health and junkies (like the pharma industry) only that the product sells.
I am not envious of Buffet's riches at all. In fact I pity the man. He obviously basks in the glory of being the worlds wealthiest investor but at the same time what a colossal waste. How many Billions does a man really need? I get the fact that it is a by product of capitalism but really?
Warren is smart. In fact he is really smart. He has always lived far below his means. Therefor he has never needed anything. Most of society fell for the free bank handouts to debt slavery for life. Buffet on the other hand did not. The author brings up a good point in how we choose to live our lives. However it must be remembered that it is a choice. Change only happens when you choose another life. One that is less complex. One that is less burdoned with debt. One that is based on satisfaction for what you have. More is good in a certain way, but it has become the bane of North America's unsatiable desire to have the "latest greatest". Until we get our pride back it won't change.
What a load of crap this article is!!! Warren is a scum sucking weasel, but not for the reasons detailed in this tripe fest. Which children are being force fed whoppers or mac and cheese? The primary ideal America was founded on was FREEDOM OF CHOICE. If lazy parents want to poison their kids and themselves......that is their free choice to do so. What a load of socialist bullshit!!!! The author should move to France.
No, the criminal disregard for this:
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
and ignorance of this:
"Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court."
is the problem.
The banksters need to repay us.
But there is a way out:
"That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
Never judge a book by its cover. Indeed !!
Never book a judge by the cover, outrageous.
Buy and sell what B-H does.
Buffet likes to take away peoples money because he can, he then gives it to others, in that he gets pleasure. He's not on his own though, Soros is very similar.
It takes a certain type, if I was either Soros or Buffet I wouldn't even be investing in green bananas. I see them as sad empty souls.
Same asshole who donates millions to obummer to cancel the keystone pipeline. So Buffets railroads can move the oil instead...and gross 2 billion in the process.
A true american hero......
Icarus
"Food Don't Kill People, People Do?"
Quite a few 'Mericans dig their graves with their spoons and forks....
All you need to do is stop eating it, pay more, grow your own, whatever you need to do...just stop fucking eating it. Natural Selection is still a law of nature. Eat poison. Die.
It's illegal in many places in the USA to grow your own food in the front yard or sell milk from your cows to neighbors.
Hiring freeze announced at Kraft this week.
I wonder who's responsible for that?
Die and rot pecker head.
Junk food is his biggest crime? If there's an afterlife at all, it won't be eaters of junk food testifying against Warren. It'll be the martyrs of Lac-Mégantic, who died for his rail profits.
(No, I know he didn't own that railroad. But he made a killing off Obama's stonewalling pipelines.)
Russia has seen a massive drop in obesity rates and related diseases since it banned food imports from the United States and Europe.
Moscow has halted imports of sodas, candy, junk food and other processed food from the West in retaliation for economic sanctions on its oil and banking sectors.
The sudden unavailability of processed Western foods — notorious for unhealthy amounts of trans-fats, salt, sugars, artificial flavors, and high-fructose corn syrup — has created an unexpected health and fitness boom as Russians turn to more nutritious foods.
In response, American junk food companies including General Mills, Hostess, Coca-Cola, PepsiCo and Kellogg’s are pressuring the U.S. government to demand Russia end the ban.
“Vladimir Putin must be stopped,” food industry lobbyist Nick Naylor said.
For those who might like to read the source article - http://dailycurrant.com/2014/08/18/russia-bans-u-s-food-imports-obesity-plummets/
Whilst I'm sure this is satire, there could well be a significant truth under the surface . . . . .
(Unintended consequences, anyone?? :-) )
"who donates millions to obummer to cancel the keystone pipeline. "
Buffet has a railroad he wants the US to keep using for transporting oil. Sure he will do all he can to kill a pipeline.
I'd vote 'yes' on Keystone pipeline: Warren Buffett
http://www.cnbc.com/id/101460011
Actually I think Warren is a pretty decent guy, gives a lot to charity, and the person who wrote this article is a total dip shit and needs a good hobby and way off base. I like Zerohedge but every once in awhile they have total way off base dip shit article's like this that makes me wonder asbout them.
Actually I think Warren is a pretty decent guy, gives a lot to charity, and the person who wrote this article is a total dip shit and needs a good hobby and way off base. I like Zerohedge but every once in awhile they have total way off base dip shit article's like this that makes me wonder asbout them.
I sort of agree with you to a point. Never having met Buffet, on face value he seems to be a decent person. However, I think the artcle is pretty good, although a little miguided.
A very simple way to put Buffet and others like him out of business, is to take control of our own bodies. Stop over eating this crap called food. Go back to the good old days, when familes actually sat at a dinner table and shared a healthy home made meal.
Warren Buffet does not force us to drive through his Burger King outlet.
If I had the same opprtunities to make the money he has, I would most certainly run with it.
Lloyd Blankfein also donates to charity and is a decent guy. /sarc
Actually, you're the dipshit.
Never start a comment with..."I think" if you want to be taken seriously. It tells everyone, you don't know.
my main hate of buffett and munger and so many others with vast wealth and power is they are stupid fucks who destroy the customers of their businesses ..as a small business person, my greatest joy was providing stable employment to as many as the business would allow. Growing a business is a joy for we help so many families earn a living. buffett and munger take wealth and down size (eliminate jobs) in the take overs they do.
it is not a surprise they sell poison. they are smart enough to know they do evil for profit, and so they become evil.
Never start an article with "EVERYTHING THATS WRONG WITH AMERICA" right there that lowers your article to punk status. If you want to jump on someone for pitching BAD FOOD jump on Peyton Manning for pictching PAPA Johns PIZZA endlessly and a host of other bad products. Is Peyton also everything thats bad with America too? Of the fast food outlets out there McDonalds actually has some better choices than most anymore. How about Chipotle Mexican Grill...people seem to love that place and their food is not exactly what i would call healthy for you. Go Warren.
JAFF
just another fat fuck...
I dont begrudge then making money. It is criminal that they pay less tax than the secretary.
Minimum income tax from all sources 22 percent over 2 million.
including capital gains. All I mean all. Nothing avoids taxes.
I would consider an all income flat tax of 10 percent no deductions for anything what so ever.
He doesn't pay less tax than his secretary. That's a fable he likes to tell, but his tax bill is many times over what her total annual salary comes to.
I agree with the flat tax though. I almost don't care what the rate is for the flat tax, I'd just like to not waste days putting together information for tax prep.
Did Berkshire Hathaway ever pay the IRS the one billion dollars in back taxes they owed? Just asking?
I think I’ve never understood the American – and international – fascination with money, with gathering wealth as the no. 1 priority in one’s life.
So what's your no. 1 priority in life, Raul?
i am agree is a fool cause he doesn't like bitcoin !
Hey, if Warren gets a conscience and decides not to sell Kraft Mac and Cheese, I would be happy to take it over for him.
I have no conscience when it comes to poisoning the people and taking their money. Last time I looked there was no one in our kitchens with a machine fun forcing me to eat.
Well, at least since I left home. Dad was kind of a nazi about finishing dinner.
Uncle Warren, filth peddler
Should the charities he's giving his wealth to not accept it? Because it is essentially blood money?
Buffet doesn't give anything to anyone...he estate plans. He gives everything to his, and Gates foundation which buys shares in other dividend paying stock such as Monsanto and John Deere...some of the dividends go to agenda 21 projects masquading as charity. Core math and buying farmland in Africa are examples.
When Susan Buffet died, she left her entire estate to Planned Parenthood and similar projects...It drove Warren crazy, giving money away, so he rolled it into a foundation that he could control. He turned it into a photo opt for himself, gleaning publicity - good will out of it for Buffet Inc.
The Biil and Melinda Gates Foundation showed Buffet how to take 10% of his wealth each year, roll it into foundations to recieve maximum tax reductions but still own the assets. Great gig for the billionaires.
If you repeat this ...99% of people will defend him and attack you saying..."Oh no Warren is such a nice kind man, he gives billions to charities" I fuckin' laugh, presentation is everything...that's why he has that corn fed Becky Quick on his arm all the time on CNBC.
He disowned his granddaughter because she wanted to help other people.
He's your typical old bastard.
Will die surrounded by sycophants.
Solution: stop eating what Warren sells. It's really that easy. The Oligarch of Omaha isn't holding a gun to anybody's head.
Exactly. That's what I do. For those wondering, here's a list of all his 100% owned companies, so you can avoid any exposure:
Acme Brick Company
Applied Underwriters
Ben Bridge Jewelers
Benjamin Moore & Co.
Berkshire Hathaway Energy
Blue Chip Stamps
BoatUS
Borsheim's Fine Jewelry
Brooks Sports
Burlington Northern Santa Fe Corp.
Business Wire
Cavalier Homes
Central States Indemnity Company
Clayton Homes
CORT Business Services
CTB Inc.
Dairy Queen
Duracell
Fechheimer Brothers Company
FlightSafety International
Forest River (company)
Fruit of the Loom
Garan Children's Clothing
GEICO
General Re
H. J. Heinz Company
H.H. Brown Shoe Group
Helzberg Diamonds
ISCAR Metalworking
Johns Manville
Jordan's Furniture
Justin Brands
Kansas Bankers Surety Company
Kraft Foods
Larson-Juhl
Lubrizol
Mars, Incorporated
McLane Company
MiTek
National Indemnity Company
Nebraska Furniture Mart
NetJets
NetJets Europe
Omaha World-Herald
Precision Steel Warehouse, Inc.
RC Willey Home Furnishings
Scott Fetzer Companies
SE Homes
See's Candies
Shaw Industries
Star Furniture
The Buffalo News
The Pampered Chef
United States Liability Insurance Group
Wesco Financial Corporation
XTRA Corporation
The oracle of omaha has been an obomination cheerleder, that was too much for me regradless of what else he does or does not do.
"If you allow people – and companies – to dump the negative consequences, and the costs, of their undertakings on the public, they will, and they can get very rich off of that"
Many people argue that not only do they have a right to do this, but they have a duty to do this. They owe their shareholders the responsibility to avoid any costs possible in the product cycle. Most will argue this is right and a fundamental law of proper capitalism. The corporation is immune to responsibility because the individual consumer chooses to love the junk foods and eat them till they get sick and croak. The external costs go to the tax payer as always. Business loves to dump all reponsibilty to tax payers. Oil is by far the best at this. All positives go to the Oil Company al negatives go to the commons.
In England the rich simply stole the commons and called it their own land and used government to enforce their claims. Thus much of common England ended up in the hands of the rich. If you own government, you can do such things. Most Americans would call the very idea of a commons to be evil communism, and if it is not privately held, it should not exist. It's all really a fake crony capitalism that takes real markets out of play, and uses a corrupted government to aid the 1%.
Jack, read the Greer article I linked to above, see what you think of his discussion on "Externality"
I think it was the one of the clearer ones I ever read.
The Externality Trap, or, How Progress Commits Suicide
The main problem with costing in the supply chain is that "externalities" are not entered into the accounts of producers and consumers or recoginized as relevant in GAAP. Disregard for resources like breathable air, life supporting water quality, and biodiversity habitat are not computed, valued and charged for to consumers and used to mitigate or ameliorate the destruction of these resources. From extraction to disposal in the supply chain lifecycle, this is the fundamental cause of the tragedy of the commons.
Prayers work. Heard he has cancer.
Warren Buffett - a serial child murderer- he's made many sacrifices to Molech:
http://www.mrc.org/articles/warren-buffett-billion-dollar-king-abortion
"It seems obvious that most of them are probably just more ruthless, that they have less scruples, and that their conscience is less likely to get in the way of their money and power goals."
I have a real problem with this assertion. Just because someone is rich doesn't mean he got so by immoral means. This is the justification TPTB are using to loot anyone with any wealth.
Buffet markets poison as food and murders babies. Yeah I'd say that he got wealthy through the practicing immorality so fuck ahim and you for defending the ghoul.
I'm not defending Buffett. I'm stating that the author believes anyone with wealth must have obtained immorally. That's a problem
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..."It seems obvious"
It seems obvious you shouldn't hit the "SAVE" button multiple times.....
Jus sayin
Sorry all. Ghostery fucking with me
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Atlas is constipated?
Reminds me of Elaine Benes dancing, it does, with all that shrugging..
Reminds me of Elaine Benes dancing, it does, with all that shrugging..
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Could someone help source me on this? The reason they use corn syrup is because it is cheaper than cane sugar. Cane sugar is more expensive because of importation and tariffs. We import a lot of sugar because there is a group of sugar producers in Louisiana who limit yearly US production to keep a near monopoly. The monopoly is maintained by bought and paid for Wash. politicians. http://www.heritage.org/research/reports/2014/07/sugar-shakedown-how-pol...
Same reason ethanol is made from sugar cane in brazil, or used to be, but we use corn for ethanol, and yes, ethanol is a terrible idea for gasoline replacement.
Conpersons keep these out of sight
http://showrealhist.com/yTRIAL.html
because they are conpersons FIRST!
This is hardly about "everything that is wrong with America"!