domenica 21 agosto 2011

Open Letter to Warren Buffett

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Open Letter to Warren Buffett: Put Your Money Where Your Mouth Is

August 19th, 2011 | Filed under Activism, Economy, Feature, Hot List, Politics & Government . Follow comments through RSS 2.0 feed. Click here to comment, or trackback.

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By David DeGraw

Open Letter to Warren Buffett: Put Your Money Where Your Mouth IsDear Warren,

If you are truly sick and tired of the “mega-rich” being “coddled” by a “billionaire-friendly Congress,” as you said in your recent NY Times editorial, why don’t you back up your words with some real action and put your money where your mouth is?

As you well know, though you may not admit it publicly, there is a system of political bribery in place that allows the “mega-rich” to control our political process, thus creating the “billionaire-friendly Congress” you claim to be against. Through campaign finance, lobbying and the revolving door the “mega-rich” are able to dominate and corrupt government policy.

If you are serious about what you say, it seems obvious that you would financially support politicians and organizations that seek to change these government rigging processes. Saying that you want to be taxed more by a paid off government, without changing the system that allows this corruption in the first place, sounds like meaningless rhetoric to me.

While you are at it, if you truly believe in free market competition, you must surely want to break up the “too big to fail” banks that have now rigged your beloved “free market.” Clearly, you can’t have free market competition when a few global financial institutions have consolidated so much wealth and power that they can crash the economy and then get paid off politicians and the Federal Reserve to throw trillions of dollars at a select few and rig the “laws” and “regulations” in their favor. That’s clearly not a free market based on fair competition. Once again, this a symptom of the system of political bribery.

So Warren, what do you think? Are you going to support efforts to make these urgently needed changes, or are you just making meaningless statements to ease your guilty conscience?

If you are truly concerned about the future of America, you should be fighting on these fronts.

I sincerely hope you are a man of your word.

If you would like to discuss these issues further or publicly debate them, please have your people get in touch with me.

Thank you for your time,

David DeGraw

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