Buffett Says Government Should Do More to Combat Poverty

Buffett Says Government Should Do More to Combat Poverty

Billionaire Warren Buffett says America will continue to prosper overall, but government and philanthropists should do more to ensure that poverty doesn't remain a barrier success.

"The American dream has succeeded in aggregate. We have failed, in my view, to create the equality of opportunity," Buffett said Tuesday at the national Purpose Built Communities conference in Omaha.

Buffett supports the Atlanta-based nonprofit group that helps communities come up with holistic plans to redevelop high-poverty areas.

Government should do more to ensure everyone has an equal opportunity to succeed through measures such as the earned income tax credit, Buffett said.  . .