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Warren Buffett needs to will his $ to the IRS
Most Americans are fairly aware of the name warren Buffett and many know that he is a wealthy business man (how is it that one can be a liberal & a wealthy businessman at the same time?) but few no about his business practices. Liberals would consider his business practices as "evil" IF only he weren't one of them. Note the hypocrisy in Liberalism across the board please.
A friend of mine owns a local franchise that was purchased from Warren Buffett or one of his businesses. Sounds good, right? Sure, if you are Buffett! See this local franchisee was "forced", by contract, to buy a certain food product. Sounds fair, right? Sure until you find out that you can purchase it locally (helping your local economy & neighbor) for less BUT you must purchase from a specific supplier which is also owned by Buffett. Then there is the equipment; the cooking and food prep equipment can be bought from local suppliers or manufacturers but there's that contract thing again and guess what? Yep, Buffett owns the company that you have to buy your equipment from. This all drove my friend crazy as he could buy the same quality food and supplies and equipment from local companies and at the end of the day put more money in his own pocket or back into his business such as in hiring more employees BUT instead it went into Buffett's coffers.
Now don't get me wrong. This is capitalism and I am all for it. Buffett designed the situation I presume and he knows all about making money. Remember that th age old addage is that once a person makes a million dollars then they know how to make the next million. Buffett owes no man anything. When the franchise was purchased all this was made known I am sure. My problem is with the political hypocrisy. read more »