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I'm not questioning or disbelieving the veracity of your statement, but do you know where Buffett made those comments? I'm not seeing anything in a casual searc

• lotsofpulp 8y ago
  I think it was in one of his letters from a couple years ago too, but he most recently said it a week or two ago: https://www.cnbc.com/2019/02/25/full-transcript-billionaire-investor-warren-buffett-speaks-with-cnbcs-becky-quick-on-squawk-box-today.html https://www.cnbc.com/2019/02/25/full-transcript-billionaire-... > if I were relocating into some state that had a huge unfunded pension plan I’m walking into liabilities. ’Cause I mean, who knows whether they’re gonna get it from the corporate income tax or my employees-- you know, with personal income taxes or what. But that-- that liability isn’t gonna-- you can’t ship it offshore or anything like that. And those are big numbers, really big numbers. And they may come--you can delay a long time. I mean, they-- you’re getting pushed maybe somewhat. But the politicians are the ones that really haven’t attacked it in a good many states. And when you see what they would have to do-- I say to myself, “Why do I wanna build a plant there that has to sit there for 30 or 40 years?” ’Cause I’ll be here for the life of the pension-- plan-- and they will come after corporations, they’ll come after individuals. They-- just-- they’re gonna have to raise a lotta money.
  • grayed-down 8y ago
    Thanks for that! And I hate to say this, but Buffett is almost damnable for saying this because of the party and candidates he almost exclusively supports.