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View Poll Results: What is the motive behind Buffett wanting to tax the rich more?
He wants to tax the rich (himself) more because he's a masochist and wants to see everyone suffer. 1 7.14%
He wants to tax the rich more (middle class less) because his businesses that cater to middle class will increase earnings. 13 92.86%
Voters: 14. You may not vote on this poll

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Old 12-10-2010, 09:49 AM
 
62,361 posts, read 27,757,678 times
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Quote:
Originally Posted by pghquest View Post
BINGO.. I wish many in america understood this. People can support a 100% tax rate if their assets are protected and they arent subject to paying them.. We all know already that Buffet has donated his money, and will donate the balance of his "wealth" to the Gates Foundation upon his death. If he felt so strongly about higher taxes, his charity would have been the US Government or he would have paid the estate tax when he died instead of going through such great lenghts to avoid paying..
Exactly! ...And therein lies the fraud of Buffett calling for higher taxes on anyone.
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Old 12-10-2010, 01:10 PM
 
Location: Massapequa Park
3,173 posts, read 5,665,932 times
Reputation: 1349
Quote:
Originally Posted by JazzyTallGuy View Post
The only thing your post proves is that it's outside you limited range of thinking that a rich person can also believe that the current taxation system unfairly favors high income individuals.

Believe it or not it's possible to be rich without being greedy. If you are a Conservative that may be hard to understand.
Quote:
Originally Posted by RandyWatson13 View Post
What kind of poll is this? You mad at him? You mad that he started from nothing and made himself one of the worlds richest people? You mad that he is seen as a leader? You mad at his opinion?

I much rather listen to Warren than some poll about him.
Quote:
Originally Posted by Back to NE View Post
My sentiments exactly...

I guess Conservatives are just so fundamentally selfish, that they can't fathom when people want what's best for others not like them.

Makes me think of Michael Moore, they can't deal that this rich film-maker would rearrange the world a bit so he wouldn't make so much more than the plummeting middle class. He should be admired but they just call him fat.
Right, this is what I'm saying. He does have his shareholders in mind by suggesting that tax cuts for the ultra rich do nothing for the economy and tax cuts for the bottom 98% do much more for the economy. I think a shrinking middle class is not in Berkshires best interests. So I'm glad almost everyone here acknowledged this and no one disputed that tax cuts for the wealthy do zilch, while middle class cuts are more effective.

Quote:
Originally Posted by HappyTexan View Post
They have no qualms because their wealth is protected and hedged via trust funds, foundations, etc.
They will pay no increased taxes on their wealth.
The majority earning $1M+ salaries and LT Cap gains and Dividends are not protected.. which is the majority of their taxable earnings. Not everyone making $1M+ is like Buffett. In fact, 90% (of the top 2% earners making $1M+) are being taxed in the aforementioned ways, at a sweet 15% rate.
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Old 12-10-2010, 01:13 PM
 
Location: John & Ken-ville
13,692 posts, read 15,112,510 times
Reputation: 9491
The man has lived in the same modest home he bought 40 years ago.

Just because you're rich doesn't mean you have to be EXTRAVAGANT.

He's leaving NO MONEY to ANY OF HIS HEIRS and giving his money away to charity before he dies.

He's probably one of the most sensible, honest, and down to earth BAZILLIONAIRES in the world today.

Leave Warren alone!
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Old 12-10-2010, 01:17 PM
 
Location: Upstate
5,489 posts, read 6,211,928 times
Reputation: 3813
I love a good buffet, especially the ones in Las Vegas.
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Old 12-10-2010, 01:48 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,473 posts, read 13,411,168 times
Reputation: 6344
Quote:
Originally Posted by Xanathos View Post
I said MAKE, not pay.
Some one said this .;


All the extreme leftists point to him and go "Well Warren wants to pay higher taxes, and he says you should, too!"

wait that was Xanathos that said pay.

circular


flawed

troll better plz
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Old 12-10-2010, 01:54 PM
 
6,486 posts, read 5,481,808 times
Reputation: 1267
I live in the same town as him...I used to drive by his house every day on the way home from work. It's an average home...nothing spectacular. He is a fairly down-to-earth person, from what I've seen of him. I honestly think, though, that he just feels guilty for having money. He doesn't live very extravagantly, and doesn't think it's right for others. He doesn't actually draw much of an income so he doesn't get taxed.
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Old 12-10-2010, 11:16 PM
 
Location: San Francisco, CA
12,826 posts, read 10,195,503 times
Reputation: 11470
Quote:
Originally Posted by Pequaman View Post
He's a cruel hoax. He wants to see the rich get taxed more so that his businesses can increase profits! That's what it's all about, he wants to HELP the shrinking middle class by stealing from the rich. After all, Berkshire Hathaway owns businesses that cater to the middle class (Coca Cola, carpeting, insurance, banking, housing etc.. LINKS TO BERKSHIRE HATHAWAY SUB. COMPANIES)
What do you think?
No offense, but that sounds pretty retarded. How on earth do higher taxes on the rich translate into greater profits for Warren Buffett's businesses? That makes zero sense.
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Old 12-11-2010, 12:12 AM
 
Location: Massapequa Park
3,173 posts, read 5,665,932 times
Reputation: 1349
Quote:
Originally Posted by ambient View Post
No offense, but that sounds pretty retarded. How on earth do higher taxes on the rich translate into greater profits for Warren Buffett's businesses? That makes zero sense.
Did you watch the video? He says: if you cut taxes on the rich by $100 Billion, the country just has to borrow (or take it from the middle class) to make up for the difference anyway... ie- borrowing more money causes inflation, which is a hidden tax on the American people. Therefore when the middle class has less money to spend (his businesses cater to the middle class), his businesses suffer.

Does that make sense? 93% of voters agree in this poll.
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Old 12-11-2010, 03:22 AM
 
Location: SF Bay Area
14,330 posts, read 19,019,556 times
Reputation: 18436
I didn't choose either option. For a poll, these are the lousiest options I've ever seen.

Buffett is right. The rich should be taxed more to compensate for the handouts they received during those horrific Bush years. This by the way is the only way that the rest of the people in this country will see any benefit from the rich. They don't "trickle down."
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Old 12-11-2010, 03:42 AM
 
11,961 posts, read 12,431,767 times
Reputation: 2772
Quote:
Originally Posted by Pequaman View Post
Did you watch the video? He says: if you cut taxes on the rich by $100 Billion, the country just has to borrow (or take it from the middle class) to make up for the difference anyway... ie- borrowing more money causes inflation, which is a hidden tax on the American people. Therefore when the middle class has less money to spend (his businesses cater to the middle class), his businesses suffer.

Does that make sense? 93% of voters agree in this poll.
93% agree he has sinister motives? No, I think this thread spoke loudly the other direction. What are people supposed to think of those who forever believe someone is scheming against them? No such thing as character?
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