The Buffett Fallout

by Steven F. Hayward

It is now clear that Warren Buffett is either (A) a total political idiot, or (B) a political genius. By attacking Prop. 13, he has made everyone, including even Gray Davis, come to its categorical defense. (Arnold had to release a strong statement in support of Prop. 13.) If Buffett really wants to see property taxes raised, he should have kept his mouth shut. By speaking out he has helped ensure the survival of Prop. 13 for another long stretch of time. Could that have been his purpose? Not likely. I go with explanation (A).

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