Berkshire Hathaway’s annual shareholder meeting, taking place today in Omaha, Nebraska, is often likened to a Woodstock festival for capitalists, with parodies of “Empire State of Mind” and “Uptown Funk” praising Berkshire managers blasting over speakers in a packed arena full of khaki pants and zip-up fleece vests.

It’s not the most likely setting for a call for a stronger social safety net.

Asked about his thoughts on increasing tensions between capitalist- and socialist-leaning political forces in the US, Berkshire chairman Warren Buffett confirmed himself as a “card-carrying capitalist.” But, he added, “I also think capitalism does involve regulation. It involves taking care of people who are left behind.”

“I think we’re all in favor of some kind of government social safety net in a country as prosperous as ours,” vice chairman Charlie Munger added, saying his greatest objection to social programs was the “enormous stupidity” with which some of them are managed. “I also think it might be better if we did it [expanded the safety net] more liberally,” he added.

The 95-year-old Munger recently expanded his thoughts on social support in an interview with the Wall Street Journal (paywall). He’s certainly bullish on capitalism, and believes that a certain amount of inequality is an inevitable byproduct of prosperity. But once that prosperity is there, he said, some of it should be invested back into strengthening the society as a whole: