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4min chapter
419- $100 Bills: Berkshire Meeting part 3
InvestED: The Rule #1 Investing Podcast
The Failure of Democracy
Buffett was very critical of Biden trying to put a 4.5% tax on buying back your stock. But he said, we've become tribal. It's like you got the Republicans who hate the Democrats and Democrats who hate the Republicans. And they're both basically printing money to buy votes. America has about 100% debt to GDP ratio. That's the 100% rate is where Greece went into the toilet in 2011. We're only getting away with that massive debt load because we are the world's reserve currency. Buffett is just saying this is madness to keep printing money. I mean madness is what we're doing. And like we'll pay the price.
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