Fortune.comhas an interview with Bill Gates and Warren Buffet. Some key quotes:
GATES: It's too bad that economics isn't taught or a hobby for lots of people, because you do run into those who seem to say, 'There's only a certain number of jobs.' That's not the case. Let's say tomorrow we could decide that everyone in India is as rich as we are. Would the world be a better place? Certainly. Would the U.S. thrive more because of the great products and work that would be done over there? Absolutely. The world getting richer is a great thing. It has been a great thing. It will continue to be.
BUFFETT:It's interesting that the same people who talk about the terrible cycle of dependency that welfare brings will then hand their kids when they emerge from the womb a lifetime supply of food stamps. But some poor woman who's had two pregnancies by the time she's 17, they say, Oh, this is terrible to give her anything.
posted by Richard Sprague at 10:54 AM on Oct 19, 2005
"BillG talks about economics and inheritance"
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