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Buffett says government should do more to combat poverty
Associated Press ^ | Oct 3, 2017 4:20 PM EDT | Josh Funk

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 ...


TOPICS: Business/Economy; Society
KEYWORDS: biggovernment; buffett; liberalagenda; waronpoverty
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“Infiltrate and gain control of big business.”
— Communist Goal #37
One of the voices of that takeover speaks out.
1 posted on 10/03/2017 9:00:20 PM PDT by Olog-hai
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To: Olog-hai

I guess the trillions of dollars spent hasn’t been enough.


2 posted on 10/03/2017 9:01:24 PM PDT by rlmorel (Liberals: American Liberty is the egg that requires breaking to make their Utopian omelette.)
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To: Olog-hai

Buffet remember Marx :

“From those who have means, to those to have needs.”

Practice what you preach, jerkoff.


3 posted on 10/03/2017 9:02:15 PM PDT by txnativegop (The political left, Mankinds intellectual hemlock)
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To: Olog-hai

I wonder how many jobs and homes would suddenly become available if every illegal left tomorrow...

Wonder whom Buffett supports to stay...


4 posted on 10/03/2017 9:07:47 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Olog-hai

Billionaires should do more to combat poverty.


5 posted on 10/03/2017 9:07:48 PM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: kingu

Wages would go up and rent would go down.

Win-win.

That’s why the elites won’t let us send them home.


6 posted on 10/03/2017 9:09:36 PM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: Olog-hai

Buffet should do more....


7 posted on 10/03/2017 9:10:25 PM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Olog-hai

What should the government actually DO to fight poverty, Warren? Make children finish high school with the ability to read and right and make change? Require people to be married and have a stable job before we let them get off of birth control or remove the “Patch?”

What exactly the H*** are you talking about, Warren?


8 posted on 10/03/2017 9:11:44 PM PDT by oldplayer
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To: Olog-hai

Poverty will continue no matter how much money you throw at it because it is caused by a spiritual sickness.


9 posted on 10/03/2017 9:14:24 PM PDT by the_daug
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To: oldplayer
"...read and right..."

What benefit is that?

10 posted on 10/03/2017 9:19:02 PM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Olog-hai

Considering the war on poverty being fought by that same government is a huge cause of the poverty, I think that’s a really bad idea.


11 posted on 10/03/2017 9:23:27 PM PDT by Jonny7797
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To: Olog-hai

Buffett has paid for enough abortions to equal the population of Chicago.


12 posted on 10/03/2017 9:24:25 PM PDT by Arthur McGowan (https://youtu.be/hxxXAC3m1eQ)
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To: Jonny7797
THAT is an excellent point.

Even Buffet could get it. His wealth certainly doesn't come from direct investments in government.

13 posted on 10/03/2017 9:25:11 PM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Olog-hai

Maybe Warren ought to put his money where mouth is and use HIS money.....and not ours.


14 posted on 10/03/2017 9:26:48 PM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: Olog-hai

I have worked in neighborhoods that were below the poverty line most of my adult life.

No one was going hungry and many looked like they have been eating very, very well; to the point diabetes and hypertension is certain at 30 years old.

A poverty of ethics, morals, personal responsibilty and conscience perhaps.


15 posted on 10/03/2017 9:31:44 PM PDT by Molon Labbie (Destroying the vestiges of the First Civil War is ensuring the Second.)
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To: Olog-hai

anytime Buffet wants to spend a few billion from his small change fund.....to “help fight poverty”..... he’s more than welcome to do so

hw can’t take it all with him anyways


16 posted on 10/03/2017 9:32:27 PM PDT by faithhopecharity ("Politicans are not born, they're excreted." -- Marcus Tillius Cicero)
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To: faithhopecharity

15 Trillion since LBJ created the “Great Society”. The black community, the Hispanic community and the White community have all suffered.

The predominate white “middle class” family that pays taxes has been destroyed via debt and interest paying for the “Great Society”.

That is what LBJ created. That is Democrat Socialist Policy!!!!


17 posted on 10/03/2017 9:45:18 PM PDT by Djl3668 (11 Thou art worthy, O Lord, to receive glory and honour and power: for thou hast created all things)
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To: Olog-hai
Buffett says government should do more to combat poverty

I agree, government should - several things government can do to combat poverty are to enable school choice and vouchers, and support charter schools to improve education, reduce taxes so that the economy can flourish, and end illegal immigration so that wages are not driven downward by an illegal workforce of underpaid aliens.

Go to it, government.
18 posted on 10/03/2017 9:50:29 PM PDT by AnotherUnixGeek
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To: Olog-hai

Want to help the poor, provide rent free high rise apartments, and build them in Chappaqua NY. I’m sure the locals won’t mind.


19 posted on 10/03/2017 10:25:51 PM PDT by Bringbackthedraft (Damn, the tag line disappeared again? Coursors!)
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To: Bringbackthedraft

This from the man who allowed pension funds and churches buy worthless mortgage backed securities.


20 posted on 10/03/2017 10:34:42 PM PDT by RinaseaofDs (Truth, in a time of universal deceit, is courage)
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