Warren Buffett CNBC Interview May 6th 2013 [VIDEO]

we are live in omaha, nebraska. we are joined by berk higher hathaway ceo warren buffett. and microsoft ceo bill gates. we haven’t touched on what has happened with immigration. you do believe immigration laws need to be altered. it looks we are closer than ever to getting something done. how important is it in terms of what it will mean for technology workers, though? well, i think there’s two issues here. one is the high-skilled worker part where this group of eight has come up with something that looks pretty good on that. bipartisan. and the overall issue where you have this great injustice of a kid who is undocumented, not being able to get scholarships, not being able to participate in a lot of things. so i think it would be fantastic to get this issue resolved. as you say, it looks more hopeful now than in the past. the one question people have is whether the situation in boston would make it much more difficult than to get through the house in particular. the boston bombing. it shouldn’t, no. take one case and extrapolate it and say that should affect all of immigration policy does not make sense. we ought to be attracting the kind of people we want to attract. we certainly do not want to kick out of this country millions of people that are here. and i think it’s in both parties’s interest now, which is more important to, pass an immigration bill. so i think you’ll see it. i mean, it’s in their self interest. you think because of the voting patterns. yeah. they are scared silly of losing more and more vote in the future. the democrats are for it based on principal. the online sales tax being collected by online retailers. that, again, is something i think the senate is expected to vote on today. is it fair? is it right? and should online retailers be protected in a way they hadn’t been before, either one of you? the bill that asks them to collect these taxes makes a lot of sense. it’s very unfair to the person who has got a physical store not only do they have those expenses, but that the other person isn’t collecting the sales tax. so it’s a good thing for state budgets. it’s a good thing for fairness in terms of the competitive framework. yeah. i think the fairness argument is compelling. we have thousands of merchants here in omaha. to have people walk into the stores, look at the item and order it from somebody out of state and not have say sales tax is just — it’s just unfair. joe, you have a question as well? yeah. i mean, as long as gates is — the big issues that i’m thinking about. this is something that was in the news next week. i’m going to can it a certain way. bioethics, is it keeping up? i’m talking about the bird flu together with the swine flu. do you think of technology and things like this. you talk about a brave new world that we’re in. are we safe? can we trust all these drent countries to abide by prudent science when we’ve got this stuff at our disposal? a very contagious bird flu virus would not help anyone. well, certainly the whole area of genetics gives us a lot of ethical challenges. if you want to think about a nightmare scenario that’s even worse than a nuclear bomb going off, bioterrorism is the area at you’ve got to be concerned. because the right sort of con trust either intentionally created, or unintentionally created, could do so much damage. in the scientific committee there has been this debate should scientists figure out which mutations would cause, say, a flu to get worse.



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