Warren Buffett Has A Modest Proposal For "The Rich"

Speaking at Georgetown University's Business School alongside his best-bailed-out buddy BofA's CEO Brian Moynihan, Warren Buffett has some rules (or goals) for the "wealthy" that are summed up perfectly in this quote:

• *BUFFETT: RICH MUST LEARN TO LIVE ON $500 MILLION, DONATE REST
• *BUFFETT SAYS WE HAVEN'T LEARNED WELL ENOUGH HOW TO SHARE WEALTH
• *BUFFETT SAYS PEOPLE WILL CONTINUE TO MAKE MISTAKE OF GREED
• *BUFFETT: SOCIETY MUST ENSURE PEOPLE DON'T FALL TOO FAR BEHIND

We suspect more than a few of the "rich" will be calling for Mr. Bernanke to get back to work (which ironically is exactly what Buffett himself just did - calling for another term for the printer-in-chief) so they can 'share the wealth' from the poor just a little longer.