Taxes, and Warren Buffett's Shareholder Sophistry

In a political backdrop marked by both the passage by Congress of the American Health Care Act (“AHCA”) and the looming debate about President Trump's federal tax proposal, Warren Buffett waded into the political arena at Berkshire Hathaway's recent shareholders meeting with some pronouncements regarding federal tax and health policy. Consistent with his previous forays into politics, Buffett's statements were steeped in inaccuracies and sophistry, indicative yet again of an individual with an ideological agenda to further, rather than someone seeking and speaking the truth.