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"I do not think so [Ocasio-Cortez] who Adam Smith was, "Munger told Yahoo Finance's editor Andy Serwer.
Warren, Democratic 2020 presidential candidate, "has not studied Adam Smith enough," he said.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[[[[Read More: Charlie Munger: Of course, I would fly a Boeing 737 MAX]"data-reactid =" 18 ">[[[[Read More: Charlie Munger: Of course, I would fly a Boeing 737 MAX]
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Munger, the right arm of the billionaire investor Warren Buffett made these comments in his first interview since & nbsp;Annual General Meeting of Berkshire Hathaway Shareholders. "data-reactid =" 19 "> Munger, the right arm of billionaire investor Warren Buffett, made the remarks during his first interview since Berkshire Hathaway's annual shareholders' meeting.
He questioned the severity of income and wealth inequalities, downplaying the intelligence of politicians like Ocasio-Cortez and Warren, who drew attention to this problem.
"The screaming people on this subject are idiots. He's going to go alone, "he said. It's "a problem if enough politicians scream on it. This makes it a problem. "
Rep. Alexandria Ocasio-Cortez, D-N.Y., Listened to a hearing of the House Financial Services Committee with leaders of major banks on Wednesday, April 10, 2019, at Capitol Hill, in Washington. (AP Photo / Patrick Semansky)
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A & nbsp;study& nbsp; published last year by the Institute of Left Politics, Economic Policy Institute, revealed that in 2015, the 1% of the richest Americans earned 26.3 times the income of the 99% the less rich. "data-reactid =" 33 "> A study released previously A year earlier, Economic Policy Institute, left, found that in 2015, the top 1% of wealthiest Americans earned 26.3 times more revenue than the 99% least rich.
Ocasio-Cortez and Warren are not "the best prescribers in the world"
Munger rejected the policy proposals advanced by Ocasio-Cortez and Warren aimed at bridging the wealth gap.
"I do not consider that these two are necessarily the best prescribers in the world," he said.
Ocasio-Cortez proposed a marginal tax rate of 70% on revenues greater than $ 10 million; Warren proposed a wealth tax of 2% to households over $ 50 million.
<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Ocasio-Cortez tax proposal is support to 45% of voters, while 32% of voters oppose, according to a report & nbsp;Morning Survey Survey& nbsp; who polled 1,993 voters in February. Warren's proposal went beyond that of ocasio-cortez in the same survey. Sixty-one percent of voters voted in favor of the Warren proposal, including 50% of the Republicans. "Data-reactid =" 38 "> The tax proposal of Mr. Ocasio-Cortez is supported by 45% of voters, while 32% opposed it, according to a statement Morning Consult survey of 1,993 voters in February: Warren's proposal surpassed that of Ocasio-Cortez in the same poll: 61% of voters were in favor of Warren's proposal, including 50% of Republicans.
Although Munger does not share their views on economic policy, he does not think they are terrible people.
"They are quite nice," he said. "I particularly like Elizabeth Warren. She has a way that attracts me.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Munger made these remarks to editor Andy Serwer in a conversation that will air on May 9, 2019 on Yahoo Finance in an episode of "Influencers with Andy Serwer, "A series of weekly interviews with leaders in the world of business, politics and entertainment."data-reactid =" 41 ">Munger made these remarks to editor Andy Serwer in a conversation that will air on May 9, 2019 on Yahoo Finance in an episode of "Influencers with Andy Serwer, "A series of weekly interviews with leaders in the world of business, politics and entertainment.
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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Andy Serwer is editor-in-chief of Yahoo Finance."data-reactid =" 43 ">Andy Serwer is editor-in-chief of Yahoo Finance.
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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Google and Facebook should "work with regulators," says Valerie Jarrett, advisor to President Obama"data-reactid =" 46 "> Google and Facebook should" collaborate with regulators, "says Valerie Jarrett, advisor to President Obama
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