In the present case it is a little inaccurate to say I hate everything. I am strongly in favor of common sense, common honesty and common decency. This makes me forever ineligible to any public office of trust or profit in the Republic. But I do not repine, for I am a subject of it only by force of arms.

This is why we apply the LCD Principle or Lowest Common Democracy. In short, this is social interaction based not on the best possible good, but on the least possible offense. Without saying so, the parties involved have entered into the following arrangement: What is the least we can all agree on and still get along? Of course, you can see this means no one is pleased.

Buffett was a billionaire who drove his own car, did his own taxes, and still lived in a home he had bought in 1958 for $31,500. He seemed to answer to a deeply rooted, distinctly American mythology, in which decency and common sense triumphed over cosmopolitan guile, and in which an idealized past held firm against a rootless and too hurriedly changing present.

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