Warren Buffett, the renowned investor and the world’s second richest man, told Senate Democrats that wealthy Americans need to pay higher taxes, giving Democrats something to mull as they address healthcare reform and soaring federal deficits.
Senate Democrats met with Buffett for more than an hour over lunch Thursday, peppering him with questions about the economy, said lawmakers in attendance.
Many senators saw their own portfolios shrink as stock markets plunged over the last year, and no doubt would have liked to hear some personal stock advice from the market guru.
But Buffett said lawmakers didn’t invite him to ask for stock tips.
“They didn’t ask for any, they must have known how my recent ones worked out,” said Buffett, who has lost about $25 billion in wealth because of the recession, according to Forbes.com.
He declined to otherwise comment on his discussions.
Saturday, September 12, 2009
"Buffett tells Dems rich need to pay more"