Re:Warren Buffett: The U.S. is moving toward plutocracy
by borism on Sunday March 27, 2011 @12:00PM
(#2375215)
it is not the first time Buffett used the "plutocracy" word:
Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progressive and meaningful estate tax is needed to curb the movement of a democracy toward a plutocracy.
Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progressive and meaningful estate tax is needed to curb the movement of a democracy toward a plutocracy.
at a Congressional Hearing on Estate Tax in November 2007 http://www.cnbc.com/id/21791804