Celebrating humanity's flourishing through the spread of capitalism and the rule of law
22 May 2014 Leave a comment
in entrepreneurship, environmental economics, taxation Tags: bootleggers and baptists, rentseeking, wind power
“I will do anything that is basically covered by the law to reduce Berkshire’s tax rate,” Buffett told an audience in Omaha, Nebraska this weekend. “For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”
Buffett has invested billions into wind power to get federal subsidies.
via Warren Buffett: I Build Wind Turbines To Lower My Taxes | The Daily Caller.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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