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Warren Buffett’s Son Feels Occupy Wall Street’s Pain; Update: Al Gore Now Aboard the OWS Train

By Doug Powers  •  October 13, 2011 12:32 PM

**Written by Doug Powers


Warren Buffett, the billionaire who doesn’t think the rich give the government enough money but who refuses to set an example by voluntarily sending more in, has a son named Howard. Howard, who also thinks corporations and the rich aren’t paying their fair share which is causing the government to have to cut programs to feed the poor, is a director of Berkshire Hathaway. BH is the company that for the last decade has reportedly been in a legal battle with the IRS over a billion dollars the government says the company owes. If the Buffett bunch feel anybody’s financial pain, some of it is in a “hey, that black eye you just got hurt my knuckles” kind of way. But I digress.

From Bloomberg News:

Howard Buffett, the Berkshire Hathaway Inc. (BRK/A) director and son of Chairman Warren Buffett, said Wall Street protesters were provoked by abuses from corporations amid a widening disparity between rich and poor.

“I think it takes that to make things happen sometimes,” Howard Buffett, 56, said of the demonstrations in an interview yesterday in Des Moines, Iowa. Over the past 15 years, “we saw large corporations really screw people.”

Occupy Wall Street has drawn out protesters from New York to Seattle and gained empathizers among the top executives at Citigroup Inc. (C) and Blackrock Inc. Warren Buffett, the world’s third-richest person, has said he is concerned about inequity in the U.S. The younger Buffett, a farmer and philanthropist, said obtaining enough food has become more difficult for more people.

I refuse to comment about that last sentence because my doctor told me I should give up low hanging fruit.

Update: Speaking of not hungry, super-rich the Goracle has also come out in support of Occupy Wall Street. Gore points out that the “democracy is in crisis” because there isn’t enough socialism. Makes sense to me.

**Written by Doug Powers

Twitter @ThePowersThatBe

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