1 thought on “No ruse to save the euro”

  1. Posted 10/08/2012 at 16:36 | Permalink

    Successful investors like Soros and Buffet often seem remarkably favourable to high tax and spend. One wonders why, though I suspect it is because as major holders of sovereign debt and investors in equity in general they would be reluctant to take haircuts or see markets fall due to defaults/euro exits for instance. In other words they have a vested interest in state spending and as Buffet admits, dont pay much in tax. Perhaps this is too cynical, but it is a shame their opinions are viewed as gospel simply because they’ve been very successful as investors/speculators. It gives them no special qualifications to direct economic policy, but then the same is true of economists and politicians!

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