The Oracle of Omaha didn’t hold back in when questioned on his belief in the system.
“I’m a card-carrying capitalist,” Buffett declared at Berkshire Hathaway’s annual meeting.
“I believe we wouldn’t be sitting here except for the market system and the rule of law on some things that are embodied in this country,” Buffett said. “So you don’t have to worry about me changing in that manner.”
It’s refreshing to hear that Buffett has some appreciation for the system that allowed him to make all of his achievements. As such, Buffett strongly rebuked the idea of turning the country over to socialism.
While Buffett as frequently endorsed progressive campaigns and ideals, it seems he isn’t willing to share in the idea of forcefully redistributed wealth.