family of four, $228,000. but this system will produce more and more stuff and better and better stuff and services. the system works regardless of who the the market system works, but it doesn t work for everybody. it doesn t, clearly. it works in aggregate. let s talk about the markets long-term. the market reaction to all of this, to president-elect trump. what do you expect it to be long-term, given the policy proposals that he has laid out, if he carries through with them? are you talking about stock market? the stock market. the stock market, it will be higher, 10, 20, 30 years from now, and it would have been with hillary and will be with trump. so all the predictions that the market would tank under silly. silly. they re silly. up next, more of the intervi interview warren buffett and if he thinks donald trump is a good businessman.
let s talk about the market, president-elect trump. what do you expect it to be long-term, given the policy proposals he has laid out, if he carries through with them? are you talking about the stock market? the stock market. yeah, the stock market it will be higher, 10, 20, 30 years from now, as it would have been with hillary and will be with trump. so all of these predictions that the market would tank under president trump. they re silly. silly. let s dig into some of the proposals that donald trump has put out there, the economic proposals and your take on them. he has suggested, and proposed instituting a 35% tariff on goods from mexico and china to this country. a lot of business leaders say it would cause a trade war, a recession. what do you say? well, i think it is a bad idea. a very bad idea. but i m not going say it will cause a recession.