Why Are 3 of the World’s Richest Men Calling for Immigration Reform?
Three of the wealthiest men in the world are on the same page about the need for immigration reform in the United States. Together, Berkshire Hathaway CEO Warren Buffett, former Microsoft CEO Bill Gates, and Casino magnate Sheldon Adelson penned a New York Times op-ed that calls on Congress to pass a bill that would reflect the country’s “self-interest.”
Gates, Buffett, and Adelson, who are worth a combined $184.3 billion, according to Bloomberg’s Billionaires Index, vary when it comes to political views. Buffett has contributed mostly to Democrats, donating more than $200,000 to Barack Obama and the Democratic National Committee since Obama first ran for president, while Adelson has provided large support for Republican candidates, including $15 million to a Super PAC backing former House Speaker Newt Gingrich’s presidential campaign in 2012, according to information acquired by Bloomberg. Gates has donated to both political parties.
However, the men put aside those differences to stand in support of movement on immigration reform, which would include opening the doors for immigrants who have earned STEM graduate degrees and creating routes to citizenship for undocumented immigrants.
The opinion piece called attention to the current policy, which — as seen in the recent influx of unaccompanied minors crossing into the United States, per reports by The New York Times – allows youth to reside in our country, but is stringent on legal pathways to citizenship. “We believe it borders on insanity to train intelligent and motivated people in our universities — often subsidizing their education — and then to deport them when they graduate,” Buffett, Gates, and Adelson wrote.