Investment guru Warren Buffett sees wealth inequality as the most serious problem in the country: “a prosperity that’s been disproportionately rewarding to the people on top,”
“The real problem, in my view, is — this has been — the prosperity has been unbelievable for the extremely rich people,” Buffett said Monday during an interview with PBS NewsHour.
With a net worth of more than $75 billion, Buffett is currently the second richest man alive, according to Forbes.
“If you go to 1982, when Forbes put on their first 400 list, those people had [a total of] $93 billion. They now they have $2.4 trillion, [a multiple of] 25 for one,” he said.
“This has been a prosperity that’s been disproportionately rewarding to the people on top,” the Berkshire Hathaway CEO said.
The stock market has been climbing since the crash in March 2009 and the U.S. economy is growing at