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Weekend With Warren: Berkshire Hathaway’s Warren Buffett and Charlie Munger and former Microsoft CEO Bill Gates on the impact of government regulati...
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There -- belief that trying to jumpstart the economy that if you get rid of onerous regulation not all regulation but onerous regulation.
That businesses will invest more -- grow more you guys own businesses.
-- -- which is heavily regulated onshore Burlington northern railroad heavily regulated.
If the regulations were diluted just a bit.
Would you invest more that would mean more hiring and the economy would come back yeah.
There's -- that we are we are not being I'm sure there are regulations that don't make any sense out there there always will they had.
It's a very big complicated economy but.
We are dying to make investments and and we invested more money last year than we ever have in the history of Berkshire and we'll break that record again this year.
American corporations have lots and lots and lots of liquidity.
And where they see demand they're going to invest in facilities that meet but no matter what and absolutely -- In in your high tech field what regulation do you think -- just talked about stupid regulations and once it should be banished but.
What regulation hold to -- that you really feel shouldn't be there.
Well I think -- closest thing to that is whether or not.
In here who's trained in the United States there's a foreign citizen.
It should be easy for them -- should be allowed to be a taxpayer here or they should be forced to go back and the jobs around them created Denham another -- -- the high tech high skills immigration issues one that definitely.
Affects the to job picture.
Senator John Kerry has the startup Visa act which would do if there's a foreigner give them a Green card if they -- up investment they start a business.
And they would hire some people is that something Charlie you think is a good idea.
Yes but I think bill's ideas a much bigger idea I think we're out of our minds to.
And brilliant people black when -- -- -- stay here.
I feel stronger about that and Italy's -- -- crazy.
We or not only you could be stronger impact -- no -- -- you it it just makes also build build build bigger than a century of about.
Well why then do we -- that we make it's so difficult with the H one B Visa which is the issue.
Would you say if you have the opportunity built up the president's -- on that issue surely he knows.
Well -- there are.
Various things that have not gone through the the congress.
-- -- -- wanna make sure you're doing your best higher American workers and so there there's a legitimate concern there but there's a way.
To be more liberal on this without.
At all substituting for domestic labor that you might abused.
When you have a lot of people who are worried about that they marry the issue of the border with Mexico.
With.
Brilliant engineers who are coming from India and China is there a way to separate that -- that be a better idea -- Of course it would be a better idea of course it should be done.
It's just what we're very obvious this is a competitive world.
You do not want to send the brands.
What -- let's talk about an increase employment United States.
Brings you bought some brains in China Charlie BYTV.
The -- electric car company.
And it's fun to see you two disagree on stage are you disagreed about the the VAT tax Charlie thinks we should have about tax later warn you told me you didn't think that was a good idea right.
Going to -- electric vehicles.
Do you feel Charlie that we should be giving government incentives and real carrots.
To inspire people to drive more electric vehicles -- We already do I have -- them -- -- communal Washington DC.
And because they.
Right in a Prius they get to use the -- -- that's a huge incentive.
There is incentive and there's a lot of incentive and there should be.
Should it be Warren at the expense for the money's gonna come from somewhere at big oil which is well established and is getting a lot of tax breaks.
Charlie -- expert on this subject.
Should we.
Sort of -- the ability -- what we've given to the oil companies over the years and switch it over to electric vehicles.
I do not think the big problem America -- though companies have been favored too much you don't think that's a -- yet by and large.
Place like XM Exxon as the technical meritocracy.
Which is a very credible place.
Other words if more harder -- like -- that would be a better country.
