it 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

it 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