3 ms·
The interviewer fed him a leading question, and he responded by saying it's more true now, at least, than when he was born. He also said there were things which
by Tycho 16y ago
The interviewer fed him a leading question, and he responded by saying it's more true now, at least, than when he was born. He also said there were things which would prevent us reaching plutocracy. It's a bit like if you ask someone if the US is moving towards communism, and they say 'well I guess the health care bill is a significant step in that direction.'
- borism 16y agoit is not the first time Buffett used the "plutocracy" word: Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progressive and meaningful estate tax is needed to curb the movement of a democracy toward a plutocracy. at a Congressional Hearing on Estate Tax in November 2007 http://www.cnbc.com/id/21791804 http://www.cnbc.com/id/21791804