Warren Buffett says the country has to take care of poor people who have become 'roadkill'
April 1, 2019

From CNBC:

Developed countries like the U.S. should take care of those in desperate need, said Warren Buffett, chairman and CEO of Berkshire Hathaway.

"In a country with $65,000 in GDP per capita ... you do take care of the people that for one reason or another ... have become roadkill," Buffett told CNBC's Becky Quick at The Gatehouse's Hands Up for Success luncheon in Grapevine, Texas. "We are prosperity. We should take care of people who've become roadkill because of something beyond their control... I think that's the obligation of a rich country," he said.

Buffett said the benefit of free trade is rather "invisible," and in fact the policy has done damage to some workers.

Continue reading at CNBC...

You may also like

Government to measure who gets what share of the economic pie

"Analysts take on question of how wealth is distributed among rich, poor and middle amid concern about inequality."

From 401(k) cash outs to splashy weddings, here are America's biggest money regrets

"Many people approaching retirement look back regretfully – with emptier pockets than they'd like."

Half of Gen Z has already started saving for a home

"A majority of prospective Gen Z homebuyers between the ages of 18 and 23 want to buy within the next five years."