Warren Buffett Quotes
I would change the tax system markedly. The market system is wonderful but you have to take care of the poople who are left behind and do not profit from it.
Warren Buffet, Interview, PBS, The Charlie Rose Show, Auguest 23, 2017.
Sourced by: Eigen's Political and Historical Quotations
He was concerned that if steps were taken to protect the environment and they slowed or shrank economic growth, the burden would fall disproportionately on the poor.
At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$100.6 billion as of April 2021, making him the world's seventh-wealthiest person.