Warren Buffett Admits Whole Trickle-Down Thing Basically a Lie


The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last ten years, and I hope the American public is catching on.” —Warren Buffett, explaining to ABC News why the government should really just dig in to the piles of cash he’s got lying around. [Bloomberg]