Covered Quote by Warren Buffett
“I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.”
About This Quote
Source Interview: CNBC, 2021
Tax incentives drive investment in wind energy; without them, projects lack financial justification.
In simple terms: Tax credits make wind viable.
Key Takeaway
Advocate for policy support.
Themes
energy
finance
policy
Mood
pragmatic
strategic
Type
business
economic
When to use this quote
- business planning
- investment decisions
- government lobbying
Key Concepts
taxation
renewables
economic incentives
Questions to Reflect On
- How can wind become profitable without credits?
- What alternative incentives exist?
A Different Perspective
Reliance on subsidies may hinder market maturity.
![“By profession a biologist, [Thomas Henry Huxley] covered in fact the whole field of the exact sciences, and then bulged through its four fences. Absolutely nothing was uninteresting to him. His curiosity ranged from music to theology and from philosophy to history. He didn't simply know something…” quote by H. L. Mencken](https://sms4smile.com/quotes/img-quotes/f46/h-l-mencken-245_absolutely-nothing_by-profession-a-biologist-thomas-henry-h_5368.jpg)
