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the real truth is that we aren't going to be able to tax our way out of this.
the higher the taxes the more it pulls from the productive sector and gives to the parasitic government sector. you then lose MORE jobs (not saying that all wealthy are job creators by the way) and increase the need for entitlements. some wealthy are capital creators and some are capital destroyers, which is why it is unfair to generalize.
we are currently witnessing firsthand the rise of the government sector and the decline of the private sector-do you see an improvement?
the idea of tax increases is just a panacea fed to the population to give them some hope that the spending is, indeed, "fixable".
we aren't going to print our way out either. if printing was the answer, why didn't the federal reserve just print enough to pay the debt and start over? after all, the federal reserve "loaned" out more money than our ENTIRE national debt.
I have never advocated printing...as I've said from POST ONE when I started this debacle of a thread, the ONLY way to fix this is to CUT SPENDING AND RAISE TAXES. There's no one or the other, but BOTH.
Buffett's friends, the super rich, are keeping their already collected money that they possess and deciding exactly what they should do with it. They are promising to charitably give some of it to those whom they feel are in need and should have help....
Instead of giving it to the federal government and allowing them to disburse it to the parasite class as it sees fit.
But Buffett would like to mandate that those who are still earning money and perhaps being productive in some manner have theirs taken away from them before they even have it in their hands, so that the federal government can handle those decisions for them.
And you libs listen to him, why?
Can you honestly NOT recognize the utter hypocrisy of the man? Really?
Buffett's friends, the super rich, are keeping their already collected money that they possess and deciding exactly what they should do with it. They are promising to charitably give some of it to those whom they feel are in need and should have help....
Instead of giving it to the federal government and allowing them to disburse it to the parasite class as it sees fit.
But Buffett would like to mandate that those who are still earning money and perhaps being productive in some manner have theirs taken away from them before they even have it in their hands, so that the federal government can handle those decisions for them.
And you libs listen to him, why?
Can you honestly NOT recognize the utter hypocrisy of the man? Really?
I've been trying to point out this utter hypocrisy in this thread, but the easily duped faithful don't want to listen.
That is a meme that Buffett discredits plainly in his op-ed. Nobody he knows fails to invest in a sensible project because they have to pay taxes -- and he was referring to when capital gains was 39.9%.
the last time capital gains was 39.9% was 1976-77 and those two year was the historical HIGHEST it EVER was
Buffett's friends, the super rich, are keeping their already collected money that they possess and deciding exactly what they should do with it. They are promising to charitably give some of it to those whom they feel are in need and should have help....
Instead of giving it to the federal government and allowing them to disburse it to the parasite class as it sees fit.
So is Buffett's secretary, that he refers to in his article, part of the "parasite class" ? The secretary is the one paying a higher rate, so Buffett and his "friends" don't have to.
So is Buffett's secretary, that he refers to in his article, part of the "parasite class" ? The secretary is the one paying a higher rate, so Buffett and his "friends" don't have to.
buffet LIED when he said this
buffet pays an effective 17%...we will go with that
buffets secretary is a married homeowner with 2 kids....making 60k.....just based on thr 60k here bracket would be 15%(lower than buffets 17%)...but that is not the actual WHOLE truth.......with the standard deduction, the 3700 times the 4 exemptions, etc she pays ZERO in tax..the only thing she ends up paying on the federal side is SS/medi for a total of 8%
buffett is a PROVEN LIAR
Last edited by workingclasshero; 08-16-2011 at 10:08 AM..
In 1992 the top 400 American earners had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that amount, he wrote. In 2008, while the aggregate income of the highest 400 had soared to $90.9 billion, the rate paid had fallen to 21.5 percent.
I just found another $5 Billion in revenues for the Federal govt, raise the taxes 6% for these 400 people.
So is Buffett's secretary, that he refers to in his article, part of the "parasite class" ? The secretary is the one paying a higher rate, so Buffett and his "friends" don't have to.
Why would you call a hard working tax payer a parasite?
Why would you call a hard working tax payer a parasite?
You'd probably do it if you were a shill for the GOP.
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