Warren Buffet speaks common sense; alarms most Republicans

[KrazyHorse]

Yes, and if we were to tax Warren's real earnings instead of nominal, would that change anything to the fundamental point he's trying to make?

EDIT: + he seems to think the market as a whole doesn't take into account inflation! Wow.

You're an idiot...

[KrazyHorse]

And this:

Even worse, taxes on capital income represent double taxation, as the money was first taxed as labor income, and then taxed again as capital income.

Never mind that Berkshire is a HOLDING.

Please, do tell us how this has anything to do with the issue at hand...

[Tupac Shakur]

Did the filosofer really call Scott Sumner "ridiculous"?

[Fake Boris]

You're an idiot...

I'm still waiting for something meaningful.

In the sense that I understand his point about income, but it doesn't seem to touch Buffet's point. And most of it sounds disingenuous.

[KrazyHorse]

Given that you didn't provide a coherent criticism, you idiot, it's a bit much to expect a substantive response.

[Fake Boris]

I'm at work but for starters.

1. I don't understand why he considers that the tax rate on future capital gains cannot be postponed to accrual accounting.

I might be wrong but your constant flow of insults is absolutely tedious, you are Ben Kenobizing yourself into a caricature.

[Kidlicious]

God damn it Aeson you are just dumb. SOMEONE HAS TO SPEND MORE MONEY ON FOOD FOR THE PRICE TO RISE. INFLATION DOESN'T HAPPEN BY maGIC. SOMEONE GETS MORE MONEY AND SPENDS IT ON STUFF. IF AS YOU POSIT THE POOR ARE NOT GETTING MORE MONEY THEN IT MUST GO TO THE MIDDLE CLASS AND/OR RICH, NEITHER OF WHOM ALLOCATE MUCH OF THEIR MARGINAL DOLLAR TO FOOD. ERGO FOOD PRICES WILL NOT RISE.

Note well that I said MARGINAL dollar. Ceteris paribus if you give a rich or middle class person an extra dollar he is unlikely to increase his food consumption by one dollar.

I think you're missing the fact that producers will raise their prices even if there is no increase in demand.

[KrazyHorse]

I'm at work but for starters.

1. I don't understand why he considers that the tax rate on future capital gains cannot be postponed to accrual accounting.

This has nothing to do with any point made by anybody, you ****ing twit.

I might be wrong but your constant flow of insults is absolutely tedious, you are Ben Kenobizing yourself into a caricature.

I don't particularly care if you find it tedious; you post stupid **** that doesn't merit any substantive response, and you are opinionated. Therefore, I will continue to call you a moron until you manage to learn enough to be interesting.

[KrazyHorse]

The bar I'm placing on "interesting" is quite low, btw; it is the ability to make an argument which demonstrates you understand what NPV is.

[Ogie Oglethorpe]

The bar I'm placing on "interesting" is quite low, btw; it is the ability to make an argument which demonstrates you understand what NPV is.

What is Nonsensical philosophical verbiage? I'll take swords for 300 Alex.

[Fake Boris]

This has nothing to do with any point made by anybody, you ****ing twit.

I don't think you read the article you posted. I'll be back when I have some time.

[MrFun]

If Republicans love tax breaks so much, why did they oppose payroll tax relief extension for the working class?

[giblets]

If Republicans love tax breaks so much, why did they oppose payroll tax relief extension for the working class?

Is this a reference to the jobs act that couples payroll tax relief with stuff Republicans don't want?

[MrFun]

yes

[Ogie Oglethorpe]

If Republicans love tax breaks so much, why did they oppose payroll tax relief extension for the working class?

Maybe because they knew that short term tax breaks are not meaningful incentives to hiring? Furthermore the tax breaks did nothing for employers contribution thus there were no incentives for employers to change hiring decisions (not that short term relief of payroll tax contributions would have been much of a factor in the decision).