Billionaires Bill Gates, Charlie Munger and Warren Buffett talk like they are the Koch Brothers

Yesterday, May 4, 2015, Bill Gates (co-founder of Microsoft), along with Charlie Munger and Warren Buffett of Berkshire Hathaway were interviewed on CNBC by Becky Quick. When the three were asked about their opinions on the minimum wage debate, they all sounded like David and Charles Koch. Buffett said yesterday morning, “If you increase the minimum wage dramatically, you are going to change the number of people employed in a significant way. I do want to see people with more money in their pocket, low-income people, and I think the earned income tax credit is a far superior way. It rewards work and it does not destroy the normal demand-supply curve.”

Like most business people, the Kochs feel a government enforced wage standard often works against the very people it purports to help; and Democratic supporters such a Buffett and Gates feel the same. Charles and David Koch are Republicans who support Republican candidates. In response to President Obama’s 2015 State of the Union speech, the Libertarian Party responded with, “Mr. President, your attempts to raise the minimum wage will destroy one of the most important forms of education in this country. Many young people develop responsibility and marketable skills in entry-level, minimum-wage jobs. Those skills make workers more attractive to future employers.”

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