Buffett Defends Protesters
Response to: Gulf News – Buffett’s son defends protesters
Howard Buffet, farmer, philanthropist, and president of the Howard G. Buffett Foundation
In an recent interview, Howard Buffett allegedly blamed the protesters’ anger on abuse by large corporations and the government, “we saw large corporations really screw people”. Another topic brought up was the widening wealth inequity in society, the younger Buffett said “[t]here has never been a larger gap between earnings in this country” –which I believe is a direct result of the abuse–. He also raises a prominent issue, the government’s unfair cuts in welfare programs, which I think really showcases his characteristics as a philanthropist. He said “[t]here has never been a time in [his] lifetime when the government […] cut an incredible amount of programs that support poor people and feed them”. My personal take on this issue is that it was simply untimely for the US to terminate or reduce such programs that supported the most vulnerable families during the recession.
The business article also mentioned Warren Buffett sharing some insight saying, “he is [also] concerned about inequity in the US”. I thought the story was a good read; world’s third richest man and his son, able to sympathize for the “99%” is noteworthy to say the least.
