Warren Buffet speaks common sense; alarms most Republicans

[Kuciwalker]

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.

[Asher]

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?

[Asher]

Are you also asserting that increasing the income tax paid by the wealthiest Americans would have no impact on the deficit?

[OneFootInTheGrave]

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...

[Hauldren Collider]

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

EDIT: Ah, Ogie

[Ben Kenobi]

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.

[Hauldren Collider]

By the way the title of this thread reminded me of r/politics, and Asher, that's a bad thing.

[Asher]

I wouldn't know what r/politics is, because I'm not a child.

[Hauldren Collider]

You certainly haven't proven that by your rhetoric.

[Asher]

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.

[Asher]

You certainly haven't proven that by your rhetoric.

My rhetoric?

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

[Asher]

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

EDIT: Ah, Ogie

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

[Ben Kenobi]

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.

[Jon Miller]

lol

JM
(literally)

[Ben Kenobi]

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?