One big problem in America is that while there is plenty of money, rich people have too much of it.
So says the world’s second-richest man, Warren Buffett.
“The real problem, in my view, is the prosperity has been unbelievable for the extremely rich people,” he told PBS Newshour Monday.
“If you go to 1982, when Forbes put on their first 400 list, those people had $93 billion.
Meanwhile, the bottom 50 percent have seen their share decline in a big way, to 12 percent from 20 percent.
Buffett pointed out that the economy has been growing since 2009, following the recession the previous year.
Buffett, though, urged Trump to be careful what he claimed responsibility for. »