Quote:
Originally Posted by MysticCat
If Warren Buffet, one of Obama's chief economic advisors, isn't worried, I don't think anyone else needs to be either.
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Yeah - I'm not sure this is such a glittering endorsement, since wealth distribution is primarily a social policy wrapped in dollar signs, although I do trust Buffet's ability to create and maintain wealth in a relatively stable market fashion.
I think the problem, for most people, is simply the term "redistribution of wealth" - the reality is that redistribution doesn't need to happen via taxation or social welfare, but rather through educational opportunity and access to jobs and resources, and that seems to be the crux of the Obama plan at this point. We'll see if it happens, but I feel like most people's fears are somewhat unfounded at this point.
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