Buffett and Bread

by Jay Nordlinger

Charles Krauthammer is known for his expertise on foreign policy, but he can certainly write a rip-roaring column on domestic policy. He did so last week. He discussed the Democrats’ scorn for corporations that move abroad, for better tax deals. These are “corporate deserters,” in Democratic eyes (or at least in Democratic rhetoric). They lack “economic patriotism.”

Krauthammer specifically discusses Warren Buffett, “Obama’s favorite plutocrat.” Buffett is behind the deal sending Burger King to Canada. Writes Krauthammer,

Buffett’s demand that the rich be required to pay more taxes made him a hero to the president. In 2012, Obama repeatedly held up Buffett as a champion of economic justice. What does Obama say today about his 2012 class-war comrade-in-arms — now become, by Obama’s own lights, an economic traitor?

The whole point of my post is to get to this: Charles’s column reminded me of something that caught my eye in May. Buffett is big into wind — wind as a form of alternative energy. He probably knows it’s a crock. But he said, with admirable candor, “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”

Say this for Buffett: He knows which side his bread is buttered on. And he can indeed be admirably, refreshingly candid.