Posted on 10/03/2017 9:00:20 PM PDT by Olog-hai
Billionaire Warren Buffett says America will continue to prosper overall, but government and philanthropists should do more to ensure that poverty doesn’t remain a barrier success.
“The American dream has succeeded in aggregate. We have failed, in my view, to create the equality of opportunity,” Buffett said Tuesday at the national Purpose Built Communities conference in Omaha.
Buffett supports the Atlanta-based nonprofit group that helps communities come up with holistic plans to redevelop high-poverty areas.
Government should do more to ensure everyone has an equal opportunity to succeed through measures such as the earned income tax credit, Buffett said. And the investor who leads Omaha, Nebraska-based Berkshire Hathaway said he favors increasing the estate tax instead of eliminating it as Republicans have proposed.
“We’ve got the aggregate resources to take care of everybody,” Buffett said. …
(Excerpt) Read more at hosted.ap.org ...
Notes to Buffet:
1. Get rid of your family trust protections of your assets so that they will ALL be subject to all applicable death/inheritance/estate taxes.
2. Sell 90% of your Berkshire Hathaway shares and donate the proceeds to 100% to building donated “affordable housing”.
3. Start doing and quit whining about what government is not doing, you old fraud.
Buffett is a con artist.
I guess the trillions of dollars spent hasn’t been enough.
Exactly. Ask a leftist just how much is enough....and, they NEVER have the answer.
Unreal that anyone would mention combat poverty in a nation who’s poor have more than any other country’s poor, or middle class, for that matter. Free housing, free groceries, free medical, free 0phones, free clothing, free education...on and on.
Donate YOUR entire fortune, Buffett. Keep your hands off of hard working American’s $$.
I guess it escapes his notice that gov’t. efforts to eliminate poverty hasn’t worked,except maybe to create huge gov’t. debt.
Good parenting, total attention to education, healthy living, strong work ethic?? That would require institutional living for a large group of Americans. Everyday life for many of us.
That’s what all socialists say.
More likely, like most leftists, socialists, and communists (the non-professional variety of communists) he likely thinks it just "hasn't been done right" yet.
They all think THEY can make it work, the same way every new crackpot of a generation thinks they can make a perpetual motion machine. They think "All the "others" who tried it and failed are just stupid..."
This was my favorite quote from the book:
What the immigrant cannot help noticing is that America is a country where the poor live comparatively well. This fact was dramatized in the 1980s, when CBS television broadcast an anti-Reagan documentary, "People Like Us", which was intended to show the miseries of the poor during an American recession. The Soviet Union also broadcast the documentary, with a view to embarrassing the Reagan administration. But by the testimony of former Soviet leaders, it had the opposite effect. Ordinary people across the Soviet Union saw that the poorest Americans have television sets and microwave ovens and cars. They arrived at the same perception of America that I witnessed in a friend of mine from Bombay who has been unsuccessfully trying to move to the United States for nearly a decade. Finally I asked him, "Why are you so eager to come to America"? He replied, "Because I really want to live in a country where the poor people are fat."
Here are a few more:
In most countries in the world, your fate and your identity are handed to you; in America, you determine them for yourself. America is a country where you get to write the script of your own life. Your life is like a blank sheet of paper, and you are the artist.
As an immigrant, I am constantly surprised by how much I hear racism talked about and how little I actually see it. (Even fewer are the incidents in which I have experienced it directly.)
Americans are the friendliest people you will encounter, but they have few friends.
America is a new kind of society that produces a new kind of human being. That human being—confident, self-reliant, tolerant, generous, future oriented—is a vast improvement over the wretched, servile, fatalistic, and intolerant human being that traditional societies have always produced, and that Islamic societies produce now.
America is the greatest, freest, and most decent society in existence. It is an oasis of goodness in a desert of cynicism and barbarism. This country, once an experiment unique in the world, is now the last best hope for the world.
from an “I got mine” regulation advocate.
combat poverty from oligarchs means keep slaves in their place.
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