Another Buffet proposal that has got the endorsement of Elon Musk.
Over a decade after billionaire investor Warren Buffett had given a quick fix for America’s budget deficits, his old interview clip is making waves again on social media, and this time his idea is being backed by Tesla CEO Elon Musk and Utah Senator Mike Lee, as per a report.
Recently, Lee shared a video of Buffett's 2011 interview with CNBC, where he had said, "I could end the deficit in five minutes,” quoted Moneywise. “You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election,” quoted Moneywise.
The Utah senator, in his social media platform X post, asked the public, “Would you support this amendment?"
https://economictimes.indiatimes.com/news/international/us/elon-musk-endorses-warren-buffetts-5-minute-plan-to-erase-the-deficit-bold-idea-gains-momentum-us-deficit-news-elon-musk-news/articleshow/121784656.cms