TBoneJack
Well-Known Member
http://www.msn.com/en-us/money/markets/warren-buffett-stop-blaming-the-rich-for-income-inequality-if-you-want-to-help-increase-tax-credits/ar-BBk7Alo?ocid=mailsignout
I'm not sure about the complete validity of what all he says, but most people here probably won't like it. He's kinda "defending" the rich; not completely, but "kinda". I'd be interested in seeing what people here think about it.
A Quote:
"The world’s third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country’s haves and have nots are definitely increasing, it is not the fault of those at the top. Nor will it be solved by traditional methods, like improving education or hiking the minimum wage. His solution: a pragmatic, direct way of helping incomes rise for the working poor across America by increasing access to the Earned Income Tax Credit.
No conspiracy lies behind this depressing fact: The poor are most definitely not poor because the rich are rich,” Buffett, who’s net worth we clock in at $71.3 billion, wrote in a Wall Street Journal opinion piece published late yesterday. “Nor are the rich undeserving. Most of them have contributed brilliant innovations or managerial expertise to America’s well-being. We all live far better because of Henry Ford, Steve Jobs, Sam Walton and the like. Instead, this widening gap is an inevitable consequence of an advanced market-based economy.”
I'm not sure about the complete validity of what all he says, but most people here probably won't like it. He's kinda "defending" the rich; not completely, but "kinda". I'd be interested in seeing what people here think about it.
A Quote:
"The world’s third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country’s haves and have nots are definitely increasing, it is not the fault of those at the top. Nor will it be solved by traditional methods, like improving education or hiking the minimum wage. His solution: a pragmatic, direct way of helping incomes rise for the working poor across America by increasing access to the Earned Income Tax Credit.
No conspiracy lies behind this depressing fact: The poor are most definitely not poor because the rich are rich,” Buffett, who’s net worth we clock in at $71.3 billion, wrote in a Wall Street Journal opinion piece published late yesterday. “Nor are the rich undeserving. Most of them have contributed brilliant innovations or managerial expertise to America’s well-being. We all live far better because of Henry Ford, Steve Jobs, Sam Walton and the like. Instead, this widening gap is an inevitable consequence of an advanced market-based economy.”
