Jul 01 2009

For Media, ‘Class War’ Has Wealthy Victims

Rich getting richer seldom labeled as belligerents

Photo Credit: Flickr Creative Commons/eyewashdesign: A. Golden

Rich getting richer seldom labeled as belligerentsDuring an ABC Nightline interview on May 21, 2003, host Ted Koppel suggested that his guest was engaging in “class warfare” by arguing that the wealthy should pay increased taxes. While the exchange was not unusual—Koppel’s use of the term “class war” to characterize bottom-up or populist economic rhetoric is the norm—what was unusual was that his guest was the second-richest man in the world, Warren Buffett. The interview is worth remembering primarily for Buffett’s commonsense response: “Well, I’ll tell you, if it’s class warfare, my class is winning.” The brief comment serves as […]