10 months ago5 points(+0/-0/+5Score on mirror)1 child
no. he's not missing the point. this is not how power or money works and Buffett is putting forth a non-sequitur. it's not surprising Buffett has no idea how anything works. he was given enormous seed money and ran an insurance scam/extortion racket his entire life. oh wow buy value stocks with billions of insurance profits wow what an amazing mind of our time.
back to his retarded, pea-brained quote. who will enforce the law? who will block their re-election? how will that work? That is not how power works. laws are meaningless. only power exists. laws are a thin veil of civility over the use of raw, naked violent power to make everyone comfortable. pass the law and they will kill you, your family, and anyone who voted for it. oh that's against the law? those with power do not care.
I've never said that Buffett or Munger were great minds. In fact, they're hypocrites and, as you say, they ran an insurance scam. The point that I'm illustrating is in the headline: Change comes when we figure out a way to make OUR problems THEIR problems.
For example, the governor of Massachusetts started cracking down on drunk driving after his daughter was hit. This was everyone's problem, but it wasn't a problem he cared about until daddy's little princess was affected.
Another example: a senators daughter went off to college and would buy lunch from the cafeteria every day with her debit card. However, to avoid multiple transaction charges, the school would pile up the charges until the last day of the month. So the little bimbo called her daddy crying when each purchase past her funds was slapped with a $30 overdraft fee.
So what happened? Daddy passed a law that banks could only charge ONE overdraft fee per account, and NOT per transaction. Again, this is a reality that millions of Americans dealt with for DECADES ... until it affected daddy's little girl.
Again and again, NOTHING CHANGES until OUR problems become THEIR problems!
Obviously. It's a hypothetical, dude. You're missing the point.
back to his retarded, pea-brained quote. who will enforce the law? who will block their re-election? how will that work? That is not how power works. laws are meaningless. only power exists. laws are a thin veil of civility over the use of raw, naked violent power to make everyone comfortable. pass the law and they will kill you, your family, and anyone who voted for it. oh that's against the law? those with power do not care.
For example, the governor of Massachusetts started cracking down on drunk driving after his daughter was hit. This was everyone's problem, but it wasn't a problem he cared about until daddy's little princess was affected.
Another example: a senators daughter went off to college and would buy lunch from the cafeteria every day with her debit card. However, to avoid multiple transaction charges, the school would pile up the charges until the last day of the month. So the little bimbo called her daddy crying when each purchase past her funds was slapped with a $30 overdraft fee.
So what happened? Daddy passed a law that banks could only charge ONE overdraft fee per account, and NOT per transaction. Again, this is a reality that millions of Americans dealt with for DECADES ... until it affected daddy's little girl.
Again and again, NOTHING CHANGES until OUR problems become THEIR problems!