Warren Buffet Archives | Restoring Liberty

Warren Buffett has Given $1.2 Billion to Abortion Groups

May 14, 2014/4 Comments/in Featured, Kathleen's Korner /by Dan Gainor

Photo Credit: REUTERS

May 13, 2014, marks one year since Philadelphia abortion Dr. Kermit Gosnell was convicted of first-degree murder “in the deaths of three babies who were delivered alive and then killed with scissors at his grimy, ‘house of horrors’ clinic,” according to the Associated Press. Gosnell instantly became the face of abortion in the prolife community.

But there’s another, more recognizable face pushing abortion in the U.S. – liberal billionaire Warren Buffett. The so-called “Oracle of Omaha” has donated more than $1.2 billion to abortion organizations from 2001 to 2012.

That’s equal to the cost of roughly 2.7 million first-trimester abortions – more than twice the number of abortions that occur in an entire year in the United States. Unlike Gosnell, however, everything Buffett has done has been entirely legal. But Buffett does share something else in common with the abortionist. Both their stories have been largely unreported.

Imagine the equivalent of the lives of 2.7 million children snuffed out to serve the whims of the third richest man in the world. Most people would say that’s a story, most likely several.

Oh no, supporters will cry. Planned Parenthood, NARAL and other similar groups do more than just abortions. And Buffett does more than fund the abortion industry. But that is the core of his agenda, just as it is theirs.

Warren Buffett Reaps Crony Capitalist Billions from Gov Bank Bailouts

December 21, 2013/1 Comment/in Featured, News /by Daniel Greenfield

Photo Credit: FrontPageMag

Let’s start this with a great quote from Obama’s 2nd favorite billionaire backer after George Soros.

“In terms of simple profitability, an average investor could have done just as well investing in the stock market if they bought during the panic period,” Buffett told the Journal on Saturday. “You make your best buys when people are overwhelmingly fearful.”

Of course the ordinary investor didn’t have the comfort of knowing that the Federal government would use taxpayer money to insure his deals.

As he admitted on CNBC at the time, “If I didn’t think the government was going to act, I wouldn’t be doing anything this week.”

Buffet Bill Moves to the Senate; Allows Buffet to “Put His Money Where His Mouth Is”

September 21, 2012/0 Comments/in Featured, News /by Stephen Dinan

The House on Wednesday passed Republicans’ own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit.

The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it. Under the legislation, which would still need Senate approval, taxpayers could check a box on their taxes and send in a check for more than they owe to the IRS.

“If Warren Buffett and others like him truly feel they’re not paying enough in taxes, they can use the Buffett Rule Act to put their money where their mouth is and voluntarily send in more to pay down the national debt, rather than changing the entire tax code to inflict more job-killing tax hikes on hard-working Americans,” said Rep. Steve Scalise, the Louisiana Republican who wrote the bill.

President Obama and Democrats had proposed a Buffett Rule tax, based on billionaire investor Warren Buffett’s statement that he shouldn’t pay a lower rate on his income than his secretary.

Investments are taxed at a lower rate than salary or wage income under the theory that they are spurring economic growth, so wealthy investors usually pay less as a percentage, though they end up paying far more in real dollar terms.

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