Warren Buffett delivers clear inflation warning, slams 'disgusting' business leader behavior in annual letter

"During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion," he wrote, saying Berkshire paid $32 billion in U.S. corporate income taxes during that time period.

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska. FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in Omaha May 4, 2013., which Buffett said reflected a "good" year – including a record $30.8 billion operating profit. The company also posted a $22.8 billion annual net loss.

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018.

This is what happens when you back the wrong people. You may agree with them on a favorite issue, but all the other damage they do afterwards makes choosing them a fool's errand. Republicans aren't perfect, but they're not tyrannical like the Democrats.

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