“Let only individuals contribute — with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth” — Warren Buffett
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In this quote, Warren Buffett is advocating for campaign finance reform and limits on political donations. He believes that only individuals, and not corporations or other groups, should be allowed to contribute money to political campaigns, and that there should be reasonable limits on how much each individual can donate per election.
Without such limits, Buffett warns that wealthy individuals and corporations will have an outsized influence on elections and policymaking, leading to a system where the government primarily serves the interests of the wealthy instead of ordinary citizens. In other words, he is arguing that unlimited political donations could undermine democratic governance and result in a plutocracy where a small, wealthy class wields the most power.