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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21944 
Subject: Re: Dividends
Date: 02/26/24 12:14 PM
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No. of Recommendations: 16
But there *is* rational reason. And for a Detroit US citizen is *is* his/her birthright.
...
The US should look out for US citizens


I would make a fine distinction there.

Sure, the US can redistribute its national income and wealth in whatever way best suits the population, as can any other country. That might including paying some people quite a bit more than the actual value of what they're doing, taking that money from someone else in the same country. The national pie might also be slightly bigger or smaller depending on the choices made, but choices they are.

But it's quite a leap from there to "I have the right to be paid many times as much as the people making the stuff I want to consume." One logical consequence of that view is that it's the government's job to actively ensure that there are always lots of very poor people elsewhere in the world, as it's the only way to defend that "right" against the risk of widespread prosperity. Not a policy goal I would endorse!

I think people have a lot of very valid desires, but not nearly as many of them are validly seen as "rights" as popular belief would have it.

Jim
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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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