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Warren Buffet speaks common sense; alarms most Republicans

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  • #46
    Originally posted by Asher View Post
    I did spend 2 1/2 years at Lehman Brothers and I've been investing myself for 8 years now, you act like all I've experienced is a minimum wage job.
    Finance != economics. Full stop.

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    • #47
      Originally posted by Kuciwalker View Post
      In his pretensions to wisdom Asher has studiously avoided describing any mechanism by which taxing Warren Buffet would increase the quantity of goods and services available to other people.
      Just to be clear, are you saying Warren Buffet is wrong?
      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
      Ben Kenobi: "That means I'm doing something right. "

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      • #48
        Are you also asserting that increasing the income tax paid by the wealthiest Americans would have no impact on the deficit?
        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
        Ben Kenobi: "That means I'm doing something right. "

        Comment


        • #49
          Originally posted by Kuciwalker View Post
          How would that result in the poor and middle classes getting more goods and services? Warren Buffet would not consume fewer (he still has plenty of money), you haven't explained how this would result in the total quantity produced by our society increasing, therefore the same quantity must still be available to the poor and middle classes as before and no one's lot is improved.
          What does this have to do with WB consumption? this would not affect him one way or another (precisely the point), he would transfer some of his worthless electrons (as Jag called them) to the poor and middle classes via the government... he pays more, they pay less, everyone is happy assuming this kind of transfer was done...
          Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
          GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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          • #50
            So, has anyone mentioned yet that Warren Buffet can already pay as much in taxes as he likes? ****ing idiot.

            EDIT: Ah, Ogie
            If there is no sound in space, how come you can hear the lasers?
            ){ :|:& };:

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            • #51
              People would be calling him stupid if he didn't take advantage. He's simply saying that tax policy should be structured so that rational actors, such as himself, should be paying more under the system.
              If he can pay 18, I don't see why he should have to pay a dime more. Neither should any one else. I'm all for closing the lopphole, but in such a way as everyone ends up ahead, not just some.
              Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
              "Remember the night we broke the windows in this old house? This is what I wished for..."
              2015 APOLYTON FANTASY FOOTBALL CHAMPION!

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              • #52
                By the way the title of this thread reminded me of r/politics, and Asher, that's a bad thing.
                If there is no sound in space, how come you can hear the lasers?
                ){ :|:& };:

                Comment


                • #53
                  I wouldn't know what r/politics is, because I'm not a child.
                  "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                  Ben Kenobi: "That means I'm doing something right. "

                  Comment


                  • #54
                    You certainly haven't proven that by your rhetoric.
                    If there is no sound in space, how come you can hear the lasers?
                    ){ :|:& };:

                    Comment


                    • #55
                      Originally posted by Ben Kenobi View Post
                      If he can pay 18, I don't see why he should have to pay a dime more. Neither should any one else. I'm all for closing the lopphole, but in such a way as everyone ends up ahead, not just some.
                      35% flat tax? I hear ya.
                      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                      Ben Kenobi: "That means I'm doing something right. "

                      Comment


                      • #56
                        Originally posted by Hauldren Collider View Post
                        You certainly haven't proven that by your rhetoric.
                        My rhetoric?

                        As opposed to the substantive facts Jaguar, Kuci, et al are spewing?

                        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                        Ben Kenobi: "That means I'm doing something right. "

                        Comment


                        • #57
                          Originally posted by Hauldren Collider View Post
                          So, has anyone mentioned yet that Warren Buffet can already pay as much in taxes as he likes? ****ing idiot.

                          EDIT: Ah, Ogie
                          Originally posted by Asher View Post
                          I'm really pleased that I had successfully predicted most GOP supporters (sans Felch ) miss the big picture because they won't like what they see.
                          Asher
                          "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                          Ben Kenobi: "That means I'm doing something right. "

                          Comment


                          • #58
                            35% flat tax? I hear ya.
                            If the state can get by with 18 percent for Warren Buffett, then 18 percent on everybody seems fine by me. Try 18 percent flat tax, or better yet, no income tax at all and a straight consumption tax. That was all gains are treated as held gains.

                            Do you know what that would do for the American economy? Job creation alone would go up 15x.
                            Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
                            "Remember the night we broke the windows in this old house? This is what I wished for..."
                            2015 APOLYTON FANTASY FOOTBALL CHAMPION!

                            Comment


                            • #59
                              lol

                              JM
                              (literally)
                              Jon Miller-
                              I AM.CANADIAN
                              GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.

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                              • #60
                                TX, with about 25 million people has routinely half the job creation in the nation with a state only consumption tax. Imagine what would happen if the feds and all the states switched over?
                                Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
                                "Remember the night we broke the windows in this old house? This is what I wished for..."
                                2015 APOLYTON FANTASY FOOTBALL CHAMPION!

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