Warren Buffett Says Gov't Should Act on Income Inequality

The video discusses wealth disparity in the United States, highlighting the perception that being born in the US is akin to winning a lottery. However, many feel excluded from this prosperity due to the disproportionate wealth accumulation by the top 400 individuals, whose wealth has grown significantly since 1982. The video examines income tax figures and GDP per capita, emphasizing that wealth distribution has increasingly favored the super-rich. It concludes by suggesting that while this is a natural market function, the government should intervene to address the imbalance.

What is the speaker's initial perspective on being born in the United States?

• It is like winning a lottery.

• It is a burden.

• It is a disadvantage.

• It is a neutral experience.

Why do some people in the U.S. feel left out of economic prosperity?

• They have seen a decrease in the number of wealthy individuals.

• They believe the wealth gap has decreased.

• They feel the economic gains have not been shared equally.

• They think the government has done too much to help them.

How has the wealth of the top 400 richest individuals changed since 1982?

• It has decreased significantly.

• It has remained the same.

• It has increased 25 times.

• It has doubled.

What does the speaker suggest is the reason for the skewed wealth distribution?

• The lack of government intervention.

• The evil nature of wealthy individuals.

• The inherent nature of the marketplace.

• The decrease in GDP per capita.

According to the speaker, who should address the issue of wealth distribution?

• The general public.

• The government.

• International organizations.

• The wealthy individuals themselves.