Tuesday, May 07, 2019

WHO IS CHARLIE MUNGER, NO ONE REALLY IMPORTANT LIKE HIS MENTOR WARREN BUFFET THEY ARE MASTERS OF THE RENTIER CLASS 
BERKSHIRE HATHAWAY BUYS UP PRIVATIZED SERVICES LIKE K-BRO LINEN SERVICES IN CANADA
He questioned the severity of income and wealth inequality, belittling the intelligence of politicians like AOC who have drawn attention to the issue.
“The people screaming about it are idiots. It’s going to go away by itself,” he said.
It’s “a problem if enough politicians are screaming about it. That makes it a problem.”
NEWS.YAHOO.COM
Berkshire Hathaway Vice Chairman Charlie Munger criticized the competence of Alexandria Ocasio-Cortez and Elizabeth Warren, saying that politicians focused on income inequality are “idiots.”


COMMENT
Scott Pedersen Adam Smith: the free hand guides the motivations behind capitalism. The free hand works best with competition. However, without proper regulation to maintain fairness and competition the free hand will backhand smack the crap out of you. Elizabeth Warren knows this stuff the best.

Capitalism is by far the best system around for almost every industry. However, for many reasons we prove that for healthcare it’s not the greatest. We need profit incentives for developing new medicines. However, the avg single payer country that quality covers everyone spends 8-10% of GDP. We spend 17% GDP and not everyone is covered. That works out to over a trillion year of waste and inefficiency in our system. 
That money can be better used keeping deficits low and in the pockets of consumers and investors putting money to work in the rest of our exceptional efficient capitalist system.

There is your conservative argument for single payer.

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