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Originally Posted by AmateurFlix
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all of that money of his that is currently invested in US businesses, helping businesses here grow, helping people here have jobs, perhaps helping to finance future growth of our own region, is going to suddenly disappear. it won't come back. not in the form of cash, not in the form of trade, not in the form of opportunities. it will simply vanish.
had he simply kept investing the money here, it would have been a greater economic benefit to this region of course. this means the quality of life would have been incrementally better here, it means some of it would have trickled down to create new jobs here, new opportunities here etc.
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Some companies that are/were in his portfolio:
Coca-Cola
Mc Donalds
Gilette
American Express
Walt Disney
General Re Corporation
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All these companies operate worldwide and make their profits worldwide. So, as Warren Buffet didn't make his wealth only in the US, why shouldn't he give it back to the whole world?
Second, it doesn't matter whether he or someone else owns the shares of these companies - the jobs in the US will not suddenly vanish.