The Forgotten Man, Ted Kennedy and Warren Buffett

16 Jul 2008 /

As Ted Kennedy has spent virtually all of his personal wealth on personal consumption of mansions, private jets, women, booze, etc., any help that he has provided to Americans has come at the expense of the “forgotten man” paying taxes. Ted’s own contributions to charity have been minimal (source).

Let’s compare to Warren Buffett. . . . Buffett has spent a negligible portion of his $60+ billion in personal wealth on personal consumption, giving almost all of it away to charity.

Perhaps Buffet is “the forgotten man.” He creates jobs by the thousands. He pays taxes by the $billions. He consumes very modestly considering his means. Yet Buffett is not considered a hero here in Massachusetts, at least.

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