Warren Buffet sees the long term which is commendable since he probably will not be around for too much longer.  If we proceed down the current path economically this country, whose economy is currently a consumer economy, will face huge problems since the true consumer is becoming poorer and poorer and won't be able to buy much.  Income and wealth inequality is a huge problem in this country and our current political establishment is simply exacerbating this problem with their supply side, trickle down theories (that thus far have only made things worse).  Who are they going to sell their products to when the masses can no longer afford to buy them?