Just happened upon a Marketwatch article proving to me that Warren Buffet is a hypocrite. It is about the same as what I realized, reluctantly, about T. Boone Pickens and his windmill scheme. It is why truly rich folk like Buffet think it is okay to raise taxes. He knows how good he is at gaming the system [keeping his taxes at a minimum and taking advantage of tax incentives], so he figures it is only fair for the government to raise tax rates to get more money from him. He figures everyone else is the same. Well, most of us are NOT. Most of us try to be as honest as we can be, and we figure if we can do something good, we do it. We don’t figure we should get punished somewhere else when we know we can get away with doing something bad. We don’t have the resources to play the tax game well. We just pay, and fear, and hope!

When Buffet buys solar power facilities, he isn’t buying to lose money, which is exactly what the solar power facilities will do. Therefore, he is buying them to take advantage of favorable contracts with government entities (such as California, and USAF entities), and he is doing it to take advantage of tax incentives from the US Government and California Government. Buffet will make money off the tax dollars stolen from hard working regular sods like me and you. Buffet thinks it is fair for the government to gouge him to get some of it back, but wouldn’t it be fairer overall to simply let the solar companies make it on their own, in a way that might actually make money (but too little for the likes of Buffet to consider investing in), and NOT take money away from honest, hardworking people in the first place?

From Marketwatch.com

By Steve Gelsi
NEW YORK (MarketWatch) — MidAmerican Energy Holdings Co., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., said Wednesday it’ll pay an undisclosed sum to buy the 579-megawatt Antelope Valley Solar Projects, two colocated solar power plants in Kern and Los Angeles Counties in California, from.

“Together, the two combined projects will form the largest permitted solar photovoltaic power development in the world and will create an estimated 650 jobs during construction,” according to a statement from MidAmerican Solar, a unit of MidAmerican Renewables. The Antelope Valley projects will provide electricity to Southern California Edison under two long-term power purchase agreements.