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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt 🐝  😊 😞
Number: of 21938 
Subject: Re: Dividends
Date: 02/26/24 11:41 AM
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No. of Recommendations: 5
It isn't all bad. This raises the income of a whole lot of very poor people in the world, and reduces the income of some people in the rich world, as the two converge a bit. If you think about it, there is no rational reason in the long term to think that (say) an auto worker in Detroit should be able to purchase with an hour's wages something at Walmart that took someone in another country with comparable skills 8 hours to make, let alone assume that it is his/her birthright.


But there *is* rational reason. And for a Detroit US citizen is *is* his/her birthright.

"no rational reason"?
Except that the duty of a government of a country is to look out for its own citizens.
The US should look out for US citizens,
France should look out for French citizens,
Germany should look out for German citizens,
India should look out for Indian citizens,
China should look out for Chinese citizens,
etc.

Neither the governments of France nor Germany nor India nor China have a duty to look out for the interests of US citizens. And vice-versa.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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