"And if you try and reduce the poverty too much, it's counterproductive," Munger said.
In other words, we are still living in the lord of the manor/serf positions.
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Feel free to reply to any comment by clicking the "Reply" button.Counterproductive for WHO.......?
And a Federal Minimum Wage of just over 7 bucks an hour in a country like the US is a disgrace. Munger is an asshole
dermot235
Level 7
Feb 27, 2021
3
@Gwendolyn2018 Not being Poor is no excuse for having beliefs like that. Bill Gates thinks that the rich should pay more taxes and has said on a number of occasions that income inequality is a huge problem in the US. And so has Warren Buffet. Being a billionaire and promoting the idea that Poverty is good is an outrage.
And, Munger, you know this because it's happened where? Oh, wait, Scandinavian countrues...yeah, they're a mess.......
AnneWimsey
Level 9
Feb 26, 2021
0
They are still unable to make a profit without slave labor. Only now, it's indentured servitude.
BitFlipper
Level 8
Feb 26, 2021
0
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