By Keenan Mann
In a piece for the Wall Street Journal titled, "Better Than Raising The Minimum Wage", Warren Buffet, the chairman of Berkshire Hathaway, makes a well reasoned case for not distorting the labor market while still providing assistance to those in need. In making his case, Mr. Buffett doesn't cast aspersions on the rich for being rich nor does he berate the poor for simply not working hard enough. He also dismisses the idea that getting an education is a panacea. His solution, though he doesn't call it that, is wealth redistribution. But it's not as cringeworthy as it may sound. See the full article below:
"The American Dream promises that a combination of education, hard work and good behavior can move any citizen from humble beginnings to at least reasonable success. And for many, that promise has been fulfilled. At the extreme, we have the Forbes 400, most of whom did not come from privileged backgrounds.