You Won't Believe Who Wins BIG With Keystone Cancellation - Politicrossing
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You Won’t Believe Who Wins BIG With Keystone Cancellation

Remember folks, ALWAYS follow the money.

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Remember folks, ALWAYS follow the money.

There is a guy who we all know. He portrays himself as a very wealthy grandfatherly type. He’s just a kind old man. He’s an awe-shucks investor. You know, “I just look for value.”

Yet there is another side to Warren Buffett.

He is a cutthroat, manipulative investor who loves, loves, loves to contribute to politicians, the Democratic Party, and PACs that will do his bidding, which brings us to the fortune he will make with Joe Biden killing the Keystone Pipeline. How? Well, he owns BNSF – Burlington Northern Santa Fe Railroad – and they will carry up to 80% of all the oil flowing into America. And THAT is the payback Mr. Buffett receives. So, while hundreds of thousands of Americans will lose their jobs, the “Oracle of Omaha” will be making a fortune.

Buffett has given a lot of money to the D’s, but searches also show that he and Berkshire Hathaway and BNSF have donated money almost exclusively to Democrat causes.

According to Market Watch, here are the details:

Berkshire Hathaway to buy Burlington Northern Santa Fe
Published: Nov. 3, 2009 at 4:18 p.m. ET

NEW YORK (MarketWatch) — Berkshire Hathaway Inc. said Tuesday it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called “an all-in wager” on the U.S. economy.

It is the company’s biggest acquisition ever.

Berkshire BRK.A, -1.49% agreed to buy Burlington BNI for $34 billion, or $100 a share. It already owns more than a fifth of the railroad operator, so the cost is roughly $26 billion, which will be paid for with about 60% in cash and 40% in Berkshire shares.

Berkshire also is taking on about $10 billion of Burlington debt, bringing the size of the deal to $44 billion. That values Burlington at a 30% premium to its closing share price on Monday.


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Business

Can You Increase Prosperity By Taxing Success?

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“You can’t increase prosperity by taxing success.”

~ Calvin Coolidge

 

One of the mantras of Democrats is to make the wealthy pay their fair share. You heard it often on the campaign trail from the plethora of Democrat candidates who ran for president. So it should come as no surprise that one of the most vocal proponents of soaking the rich, Sen. Elizabeth Warren (D-MA), has offered up legislation for a wealth tax.

The bill, called the Ultra-Millionaire Tax Act, would apply an annual 2% tax on individuals with net worths between $50 million and $1 billion. Individuals worth over $1 billion would pay an annual 3% tax. Senator Warren claims it will generate $3 trillion in revenue over 10 years and that money would be invested in programs such as child care, education, and infrastructure.

On the surface, this may sound like a good idea to the common citizen working a 9 to 5 job. Why not soak the rich and make them pay their fair share? One must ask a counterquestion. What do you consider a fair share?

The top 25% of taxpayers pay 86 percent of total income taxes. The top 10% of taxpayers pay 70 percent. The top 5% pay 59 percent. The top 1% of taxpayers pay 38.5 percent of total income taxes. In contrast, the bottom 50% of taxpayers pay only 3.1 percent of total income taxes. It is a myth that wealthier individuals aren’t paying a fair share.

The next question is how do you enforce this wealth tax? It’s an administrative nightmare. In Warren’s proposed legislation, she allocates an additional $100 billion into the IRS for enforcement and mandates a 30 percent annual audit rate for the agency. That would mean hiring more IRS agents and a third of American households would be audited every year.

On top of that, do you really think wealthy people like Bill Gates, Mark Zuckerberg, Jeff Bezos, and Warren Buffett will actually pay that wealth tax? They may be big liberals but also realize they have some high-quality accountants to help avoid paying any more in taxes than necessary. They will find loopholes and off-shore accounts to shelter their wealth.

You may wonder why does this even concern me? Do you think politicians like Elizabeth Warren will stop at those with wealth of $50 million or more? You can already picture a scenario where the revenue this wealth tax brings in will be far less than they anticipate. Thus, they will have to expand the tax to anyone who has wealth of $20 million or more. Then to $10 million or more. Then to $1 million or more. It’s yet another slippery slope to an ever expanding tax.

“Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.”

~ Milton Friedman

 

If Elizabeth Warren and her comrades were truly interested in leveling the playing field and making a difference in the lives of people across America they would advocate for limited government and focus on a more robust free-enterprise system. The reality is that’s not what they are seeking.

This legislation is more about pandering to the Democrat base and low-information voters in a continuing concertive effort at fostering class warfare and animosity. By creating division through class and racial strife the Democrats see their path to decades of power. This is all about redistribution of wealth.

You can’t expect to build up the weak by pulling down the strong. The entrepreneurs and visionaries create jobs. As businesses grow and expand they create further job opportunities and opportunities for ancillary businesses.

Warren’s legislation is an impractical and arbitrary scheme of leveling. It’s despotic and completely antithetical to our Constitution. In a sane Congress this legislation would find its way into the trash can. Given the current political situation in Washington that seems unlikely. Democrats are pushing forward on every one of their Marxist policies and insanity runs amok.

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Business

Businesses That Practice The Second Step Succeed at Business Growth

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Business growth is a topic among every business leader.  Business leaders often wonder where they can find the best business advice and counsel to build their business. Although good business counsel can be found in many books, there is only one book that contains all of the best business secrets that business leaders need to know to build a successful business and life.

That sacred book is the Bible. I have studied the Bible for years and have often read the words for encouragement, consolation, improvement, and inspiration. I have also found that it contains the best principles to build a successful and growing business.  As a result businesses that practice the second step succeed at business growth in any economy.

Biblical Principles to Build a Successful Business 

A principle that helps in building a life and building a business is going the second mile. Profitable businesses develop a second-mile mentality. I call this principle the idea of always taking the next or second step. Jesus himself gives this principle in Matthew 5:41. The New Century Version records the statement as, “If someone forces you to go with him one mile, go with him two miles.”

Above all Jesus gives this principle to his followers as a way for them to separate themselves from the culture in which they were living for the purpose of helping others to see Him more clearly. In business, companies also need to separate themselves so that others can see our business more clearly. Every business would be wise to cultivate a second-mile mentality throughout their business.

Too many businesses are expecting second-mile results without giving second-mile service.  

How To Develop a Second Step Mentality To Grow Your Business:

Businesses That Practice Second Step Service Find Unexpected Solutions

As a result of Second-mile or second-step service, it inspires people to find solutions for the customers that both please the customer and serve in the business’s best interest. Customer service is really customer creativity. Every company should free their people to solve the problems that their customers face. 

Chris DeRose and Noel Tichy, in a Harvard Business Review article, write of the importance of empowering all employees. As a result they write, “Frontline workers not only see service breakdowns but also opportunities for serving customers in entirely new ways. Teaching frontline leaders the basics of designing simple experiments enables organizations to test many more ideas than could ever be orchestrated centrally.”

Great companies empower all employees to solve all the problems that all their customers might experience.

Businesses That Practice Second Step Service Show Unexpected Sympathy

Great businesses listen to their customers. These businesses genuinely care about their customers and want to solve their customer’s problems. Customers want to be listened to and understood. Sometimes all a customer really wants is to have someone listen to their concerns and care about the situation. Companies that care about their customers will always have customers to care for.

Companies that care about their customers will always have customers to care for.  

Businesses that Practice Second Step Service Create Unexpected Stories. 

Businesses that focus on customer service create great customer stories. Every company should pay attention to the stories that they create. The possibility of stories can happen daily.  Every day team members can have a focus to creating a new customer story.  So Stories are created when customers are listened to and served well. 

Businesses that Practice Second Step Service Provide Unexpected Service

Businesses that love their customers create new ways to improve their service to their customers. Author Tommy Newberry has written, “Constantly ask yourself how you can increase your service and contribution. Ask, “How can I triple my value to my boss, to my clients, to the marketplace, to my family?” Write it down. No one can do the minimum and reach the maximum.”

When a company creates more value for its customers, its customers create more value for the company.

Many Biblical values make for good business principles. Maybe one of the most important principles is going the second mile. Roger Staubach once quipped that “There are no traffic jams along the extra mile.” Indeed, businesses and business leaders that choose to go the second mile will find many rewards and benefits.

This article comes from the book “Well Done” The 12 Biblical Business Principles That Leaders Can Use To Grow Their Business and Kingdom Impact. You can get the book at Amazon.

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