Friday, November 16, 2007

Warren Buffett On Inherited Wealth

"Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline," Buffett said. "A progressive and meaningful estate tax is needed to curb the movement of a democracy toward plutocracy."

Compare and contrast with the "I have mine, now go fuck yourself" attitude seen too often lately.

I see the wingnut's heads exploding now ...

Story at reuters.com

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