I was thinking about that, too. What, given the present political setup, can make people work instead of voting for politicians who promise them handouts?Blue said:
Reverse the slogan: No representation without the taxation!
Buffett: Stop Coddling the Rich
- Thread starter knewsom
- Start date
Reverse the slogan: No representation without the taxation!
An awesome read on this very subject in, of all places, LA Times:
http://www.latimes.com/news/local/la-me-cap-buffet-20110922,0,5024481,full.column
Parting quote - "Meanwhile, if Buffett really wanted to live by his own rule, he could leave Nebraska, move to California and pay our state taxes."
http://www.latimes.com/news/local/la-me-cap-buffet-20110922,0,5024481,full.column
Parting quote - "Meanwhile, if Buffett really wanted to live by his own rule, he could leave Nebraska, move to California and pay our state taxes."
Mike_Rupp said:
I heard that crazy bitch on the radio earlier today. Poor gal is forgetting that Mr. Rich also paid for those roads to bring his goods to market, for those schools to educate his workforce, for those police and firemen to protect his factory from "maurading bands" (LOFL). In fact, I'll bet that Mr. Rich paid a SHITLOAD more than you did for each of these things, so perhaps you should go thank Mr. Rich instead of lecturing him on the "underlying social contract" that you and your ilk envision.
Don't you just love the implied threats that these fucking scumbags love to throw out?
Nothing but typical Chicago thug politics behind their Ivy league degrees.
Nothing but typical Chicago thug politics behind their Ivy league degrees.
Blue said:
It's common for "Mr. Rich" to write a check for major roads passing near and through his developments, regardless of whether they will directly benefit him or not. If it isn't a road, it's power or water distribution, sewer work or any number of similar things.
Even after that check is written, taxes chip away mightily at his efforts nearby. It's all he can do to make a profit, as he ends up being taxed on taxes three fucking times on everything. Sometimes even more. When you hear about capital gains, you don't hear about everything else that's happening, and why it's an important option for developers and investors.
If you think he's skating on obligations, think about how you'd feel after years of working a project, only to have your million dollar return end up amounting to 200 grand. Adding insult to injury, a good portion of that absent money ends up going to projects you already paid for. Without capital gains, that's the way it is. Without working the other options within the system, that's the way it is.
Don't think for a second that "Mr. Rich" pays less than you do, either by percentage or total dollar amount.
As for education, "Mr. Rich" is the one that built the community within which schools grow and thrive. After that, his vast tax expenses keep them going. Don't think for another second that a man who pays over a million dollars of tax in a year doesn't out-support you and your community by a mile. It's not done then, either. When that fancy education is put to use, that's when it's paid back, and "Mr. Rich" pays it.
If you don't think so, go door to door in your neighborhood and see if your bummed money amounts to the salary "Mr. Rich" pays you. The only exception is a grant, and guess what? Public or private, "Mr. Rich" pays most or all of that as well.
As for public services? Yup. "Mr. Rich" pays for those as well, even a good portion of local volunteer services.
If you've got a beef with how "Mr. Rich" manages his finances, that's fine. Let's snap our fingers and make his options disappear. You know what happens in that event; when the full force of all those taxes hit? He finds something else to do, and it doesn't involve moving money.
That chick in the video has no sense at all.
Cheers,
Kennith
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JohnB said:
Ihope you realize the difference here... but proabably not.
Buffett pays 15% cap gains tax
his sec pays federal income tax
cap gains tax..................fed income tax
2 different thing. Hell, i pay a higher rate than Warren Buffett does.
Mike_Rupp said:
Look at the latest from this fucktard:
http://www.realclearpolitics.com/vi..._rich_lets_deal_with_it_nonviolently_now.html
Blue said:
Shit, I was going to post that just now.
Don't you just love the implied threat from the peace loving liberal? Give us your money or else. We are headed for riots just like in Greece. It's just a matter of time.
Have you seen this one from our Stutterer-in-Chief?
http://www.realclearpolitics.com/video/2011/09/22/obama_im_a_class_warrior.html
How's that for hyperbolic rhetoric Knewsom?
For those who think it's best for the federal government to take in more tax dollars, shouldn't they want the poor to get poorer and the rich to get richer?
What I mean is we have a preogressive income tax, so wouldn't they want as much income as possible being taxed in the highest tax rate? "Spreading the wealth" will only distribute more of the income to the lower tax rates.
As an example, suppose you were the federal government and you wanted to bring in as much tax dollars from income as possible. You have a total of $1m that will be earned by the workforce. If the work force is made up of 20 people, each will earn $50,000. Federal income tax on that would be $6662.50 each ($133,250 total). But if the work force was only made up of 2 people earning $500,000 each, income tax would be $145,308 each ($290,616 total). That is twice as much tax revenue on the same amount of income.
This based from 2010 Federal Income Tax Brackets for Married Couples.
Keith
What I mean is we have a preogressive income tax, so wouldn't they want as much income as possible being taxed in the highest tax rate? "Spreading the wealth" will only distribute more of the income to the lower tax rates.
As an example, suppose you were the federal government and you wanted to bring in as much tax dollars from income as possible. You have a total of $1m that will be earned by the workforce. If the work force is made up of 20 people, each will earn $50,000. Federal income tax on that would be $6662.50 each ($133,250 total). But if the work force was only made up of 2 people earning $500,000 each, income tax would be $145,308 each ($290,616 total). That is twice as much tax revenue on the same amount of income.
This based from 2010 Federal Income Tax Brackets for Married Couples.
Keith
Mike_Rupp said:
Damn, I didn't bother listening to his Ohio bridge speech. Amazing stuff....Obama is following Michael Moore's lead.
"Now the Republicans, you know when I, I talked about this earlier in the week. They said 'well, this is class warfare.' You know what? If asking a billionaire to pay their fair share of taxes. To pay the same tax rate as a plumber or a teacher is class warfare, then you know what? I, I, I, I, I'm, I'm a warrior for the middle class. I'm happy to fight for the middle class, I'm happy to fight for workin people. Because the only warfare I've seen is the battle against the middle class over the last 10 to 15 years."
Funny how the millionaires and billionaires aren't considered working people.
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Before some of you continue with your dry humping of Buffett's leg, you should take into consideration that it has always been his plan to give back every nickel that he's made to charity before he dies. He has no intention of retaining anything that he has made or to provide any sort of security for the rest of his family. He might as well add the Government to his list of preferred charities.
And that just make it a fact.
EDIT: give me a fucking break. He hasn't done a thing to make it happen. BH didn't even bother to pay whatever taxes they owed.
Just in case you may have any doubt - rich people didn't become rich by giving money away.
Buffett is exactly what Mike Rupp said he was - a obscenely rich faggot wanting to be remembered as a good guy. Like Bill Gates, to a lesser extent.
EDIT: give me a fucking break. He hasn't done a thing to make it happen. BH didn't even bother to pay whatever taxes they owed.
Just in case you may have any doubt - rich people didn't become rich by giving money away.
Buffett is exactly what Mike Rupp said he was - a obscenely rich faggot wanting to be remembered as a good guy. Like Bill Gates, to a lesser extent.
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Just stopped by.
Buffet certainly has made public statements to give all or nearly all of his wealth to charity. His philanthropy I believe will be routed into a specific foundation. I think Bill Gates has pledged to do a similar thing , except he is going to keep some $ for his family.
http://www.warrenbuffettcentral.com/philanthropy
Buffet certainly has made public statements to give all or nearly all of his wealth to charity. His philanthropy I believe will be routed into a specific foundation. I think Bill Gates has pledged to do a similar thing , except he is going to keep some $ for his family.
http://www.warrenbuffettcentral.com/philanthropy
http://latimesblogs.latimes.com/washington/2011/09/obama-congressional-black-caucus-video-gaffe.html
Now the Stutterer-in-Chief must have Jews on his mind. I think this man is in over his head. His head must still be spinning from the recent special election in NYC where the Jews left Obama in droves. I swear this guy is about ready to crack. I'm expecting that he'll announce another vacation soon.
Rob, his philanthropy is a separate issue from his political agenda. I applaud the fact that he has supposedly pledged his great wealth to go to charity, but his political side is appalling and hypocritical. As CEO of Berkshire Hathaway, he has refused to even pay the taxes at the rate that he says is already too low. He is a fucking joke. He is on death's door and is in a desperate race to make a kind history for himself.
Now the Stutterer-in-Chief must have Jews on his mind. I think this man is in over his head. His head must still be spinning from the recent special election in NYC where the Jews left Obama in droves. I swear this guy is about ready to crack. I'm expecting that he'll announce another vacation soon.
Rob, his philanthropy is a separate issue from his political agenda. I applaud the fact that he has supposedly pledged his great wealth to go to charity, but his political side is appalling and hypocritical. As CEO of Berkshire Hathaway, he has refused to even pay the taxes at the rate that he says is already too low. He is a fucking joke. He is on death's door and is in a desperate race to make a kind history for himself.
Ok, this thread has gotten ridiculous, and I don't have the time to respond to everything I should.
Obama's recent remarks look to be a response to hyperbolic rhetoric. Whether it is or not is entirely irrelevant. The crap that flies around on the media and in Washington is dominated by H.R. When we discuss things here on D-Web, I'd like to think we're smart enough and not sold out enough to have to rely on it. Claiming that you're so much more educated than another person so their opinion is entirely invalid is moronic, especially if you're less educated than say... the President, since you disagree with him so much. Is your opinion then invalid because he's more educated than you? I'm not an economist. But I read. ...and I think, about EVERYTHING I read and hear.
The notion of the very wealthy making their money and leaving the nation is a good point, but bear in mind that they are already doing it, and taxes are lower than they have been in the better part of a century. Not long ago, they were far, FAR higher. The people who are going to cash in on our financial system and split are going to do so whether we raise capital gains taxes or not, and the people who are going to stay are going to stay whether we rais them or not. In fact, the days with higher taxes (both income and cap gains) are pretty much what people often refer to as "the good old days". Remember that? Before soaring deficits? Before this boom/bust economy? When "Mr Rich" made investments that lasted decades instead of a decimal of a second?
Nobody is suggesting an extreme increase in any taxes anyhow. It's a small increase on Capital Gains for earners of more than a million a year. Let's talk about what IS, and what's being suggested, rather than ridiculous extrapolations spouted by a bunch of pundits, who say insanely inflammatory things just for ratings, or politicians who say crazy shit to get elected and motivate their political base.
Obama's recent remarks look to be a response to hyperbolic rhetoric. Whether it is or not is entirely irrelevant. The crap that flies around on the media and in Washington is dominated by H.R. When we discuss things here on D-Web, I'd like to think we're smart enough and not sold out enough to have to rely on it. Claiming that you're so much more educated than another person so their opinion is entirely invalid is moronic, especially if you're less educated than say... the President, since you disagree with him so much. Is your opinion then invalid because he's more educated than you? I'm not an economist. But I read. ...and I think, about EVERYTHING I read and hear.
The notion of the very wealthy making their money and leaving the nation is a good point, but bear in mind that they are already doing it, and taxes are lower than they have been in the better part of a century. Not long ago, they were far, FAR higher. The people who are going to cash in on our financial system and split are going to do so whether we raise capital gains taxes or not, and the people who are going to stay are going to stay whether we rais them or not. In fact, the days with higher taxes (both income and cap gains) are pretty much what people often refer to as "the good old days". Remember that? Before soaring deficits? Before this boom/bust economy? When "Mr Rich" made investments that lasted decades instead of a decimal of a second?
Nobody is suggesting an extreme increase in any taxes anyhow. It's a small increase on Capital Gains for earners of more than a million a year. Let's talk about what IS, and what's being suggested, rather than ridiculous extrapolations spouted by a bunch of pundits, who say insanely inflammatory things just for ratings, or politicians who say crazy shit to get elected and motivate their political base.
The people you used to chuckle at are gone. The people that you used to look down on are gone. Blame them all you want. They aren't there.
Scream at those who make nothing. They don't care.
Luckily you make enough to not care about the people who got you to the top.
Scream at those who make nothing. They don't care.
Luckily you make enough to not care about the people who got you to the top.