Warren Buffett is helping to finance Burger King’s move to Canada to lower its taxes

 You may have heard by now that Burger King is in the process of purchasing Tim Hortons Inc. and this move would allow Burger King to move its headquarters to Canada where it will pay a lower tax rate.

  But did you know this move was going to be funded in part by those evil, nasty, un-American, conservative Koch Bro…oh, wait that is not right, it is actually being funded by Mitt Romney’s evil former employer Bain Cap…oh, wait that is not right either.

  This move is being partially funded by liberal icon, and tax hike advocate Warren Buffet. Here is more:

Warren Buffett’s Berkshire Hathaway Inc. is providing $3 billion of financing for Burger King Worldwide Inc.’s planned takeover of Tim Hortons Inc. and will earn 9 percent annual interest on the investment

Berkshire is taking a preferred equity stake and won’t be involved in managing the restaurant business, according to a statement today from Burger King.

   So the man who has been advocating for higher taxes on the rich, the man who created a proposal to tax the rich which was eventually named after him, and the man who thinks it is wrong that he pays a lower tax rate than his secretary is helping a major corporation in a deal which would allow it to pay a lower tax rate. And he is doing it for profit for his  company will receive 9% interest on the $3 billion investment.

  To this point I have not seen or read much of a reaction from the left or the mainstream media (but I repeat myself) on this news, and those that are seem to be defending this move, but one has to wonder what the reaction would have been if indeed it had been the Koch Brothers or Bain Capital which was behind this move…

  And Warren Buffet once opposed this type of maneuver, saying that part of the law should be changed, but now that he is prepared to make a few dollars it apparently does not bother him as much as he said it did. I do not have a problem with Warren Buffett taking advantage of tax law, I just wish he would be truthful about where he stands.