The last time we checked billionaire Warren Buffet, he has been busy talking about businesses until now.
Buffet may be very wealthy, but he is not down for the huge tax cuts that he is about to get from President Donald Trump, especially now that he has moved to take away Obamacare.
Buffet has everything to be grateful to Trump because of the tax cuts, but he is a critic of the move to make the rich richer.
During the annual Berkshire Hathaway’s shareholder meeting held in Omaha, Nebraska, Buffet gave a speech that pointed at the wreck America’s economic may face with Trumpcare.
“Medical costs are the tapeworm of American economic competitiveness,” Buffet declared. “So it is a huge tax cut for guys like me,” Buffet said. “And when there’s a tax cut, either the deficit goes up, or they get the taxes from somebody else.”
The deficit is going to suffer under Trumpcare and run into trillions. It is the wealthiest who are going to enjoy the benefit of Trumpcare.
Buffet is a good friend of Barack Obama and a critic of Trump. It’s good that Buffet is speaking out loud against Trump.
This is the time for other wealthy Americans to stand up against Trump.
Is Warren right about Trumpcare?