I feel like he always look like that 😂

scott medes, I guess that’s true, but here even more so! Lol 😂

He always looks like that.

I think it's from 2005.

Because they are intelligent economist, and they know bullshit when they see it.

Because they have thought on everything. You can ask them anything.

Buffett collects a social security check every month

Mark did you bother to listen to their answer?

That is BS!

You obviously know more than Warren and Munger

I agree with this. A rising sea floats all ships. The fixation on the % is arbitrary and dumb. There should be a fixation on solving homelessness not “poverty” as relative poverty is again ambiguous

How many jeans DO Jeff Bezos and the rest of the 1% buy every year? Would it sustain the entire Jean industry to have only their consumption? If you removed the 99% consumption would there still be billionaires? Apply this logic to every real good and sort out where more money gets ploughed back into the economy between those two divisions. Cars, ice cream, lunchables, McDonald's, etc. There is only so much that a person can consume before it's just wasted in the Cayman Islands

No. Social security is still spending more money than is coming in from payroll taxes

Bella Marley why do you think so? Just out of interest as I’m not from the us

Social security is a joke because it will be bankrupt in 2034, unless taxes are raised to fund it beyond this point. Also, it is a joke because anything the government does is mismanaged, sometimes to a horrible degree. If the US government wants to help SSI work in the future they must tax the benefits of incomes over $122k which is the current point in which you stop being taxed for this benefit. And, also allowing those who make over $122k to take a larger dollar amount at 65. another way SSI needs to be fixed is to only allow SSI benefits to be taken at 65, not 62. Society has the notion that at 65 you have to stop working. (I only agree with this as long as you are wealthy enough to not work) Another thing that must be done is stop the illegals from coming here and getting SSI money. SSI must also be phased out eventually by making all US workers save 6% of their own wages into a mutual fund of their choice. Can you imagine what how much money you would have if you could invest your own 6% from the time you started working at 18 YO.? Warren and Charlie must not understand how mismanaged the SS system is.

@@mr.taxpayer5289 hypothetically speaking, if SS system was managed efficiently and illegal immigration was cracked down, would you then like the SS system? Private firms are more efficient at doing most things. However, most of the governments around the world build roads and bridges using tax dollars as private companies are very inefficient at doing this. Most principles have exceptions. So when it comes to making important decisions, it's better to analyse it on a case by case basis instead of relying on what's generally true.

@@kevingeorge920 Hello, this is Mr. Taxpayer. SS is a trainwreck because the government has messed it up for decades. One key reason why I despise the current system is because the money that YOU earn in benefits will be gone if you die at say, 57 yo.....right.? your wife would not get these benefits that are right fully yours. How messed up is that? When illegals come here and dont work, but get free SSI benefits this is what I call theft. Or they might work for 2 years at a job, then claim a disability. (yes it happens all the time, one of my co-workers is married to a woman that works at a place that processes these claims) I would rather have a private company build a road for me than the government any day of the week. The profit incentive with an actual business is WAY more efficient than the government doing the work.

You are too dumb to understand it