… We need somebody who’s not wealthy to say that in some cases allowing people to be wealthy is okay.”Allow me to raise my hand. It comes at an urgent moment: You’d have to go back to the 1960s, or maybe even the 1930s, to find a time when the primacy of the free market system was so widely questioned. Since too many Americans don’t feel that way, the time is ripe to reimagine a system that addresses them. “The market system as it gets more specialized pushes more money to the top,” Buffett explains. According to Gates, Buffett, Khosla and others, the correct way to levy taxes on the superrich is at a transaction point.

Source: Forbes March 04, 2019 10:52 UTC