U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-15-2011, 07:10 AM
 
Location: Brooklyn
40,051 posts, read 31,576,953 times
Reputation: 10518

Advertisements

Quote:
Originally Posted by chariega View Post
Interesting article by Warren Buffet. "Stop Coddling the Super Rich" in the NY Times today. Could it be other rich Americans feel the same?
More likely: Buffett doesn't actually speak for the rich as a class. He speaks for himself, and he certainly doesn't ask to be coddled.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-15-2011, 07:12 AM
 
73,017 posts, read 34,081,084 times
Reputation: 10090
Quote:
Originally Posted by theunbrainwashed View Post
And as soon as you start taxing wealth, they'll just move their money offshore or buy another country's citizenship like, ohhh I don't know, Monaco's or Singapore's? So, either way, the billionaires are going to escape taxes no matter what you do, and the only thing you've just accomplished is made it harder for ordinary people to move up the economic ladder in this country, which is what the oligarchs want! And the liberals will defend that, are liberals against social upward mobility???
Most definitely, YES!

Look at the millions they've trapped in poverty with their dependency-enabling social welfare programs, and the inner-city kids they trap in the horrible public schools because they refuse to allow school vouchers that empower students to go to the school of their choice.

Liberals are ALL ABOUT maintaining a permanent underclass, and keeping certain people in their 'place.' It's disgusting!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:13 AM
 
Location: Raleigh, NC
20,003 posts, read 16,484,689 times
Reputation: 3783
If you asked Warren whether only billionaires should be taxed, I'm sure you'll get a very different answer.

If new competitors can't be taxed, it's not a good strategy for him. People like him cannot destroy new competition and choice in the marketplace unless those people (say, entry-level millionaires) are suffocated with new regulations and taxes, preventing their new ideas from taking shape.

Corporate fascism WIN!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:14 AM
 
3,656 posts, read 1,485,164 times
Reputation: 2384
Quote:
Originally Posted by theunbrainwashed View Post
Does he donate his money like Bill and Melinda Gates do? In other words, donate money to their own charity, thereby keeping their money but getting a charitable contribution tax break anyway?
They do not keep their money but they do keep control over who it gets donated to.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:16 AM
 
22,770 posts, read 27,519,024 times
Reputation: 14605
Quote:
Originally Posted by hawkeye2009 View Post
Great points. Buffet is essentially "immune" to taxes and raising the rate on "the rich" would not cost him a penny. Such tax increases would slaughter the $250K-$1 million per year "rich", who derive thier income from actual income, rather than trusts.
it's not impossible. to tax people like buffet, you just raise capital gains rates to that of wages, raise corporate income taxes to that of wages, and eliminate most, if not all, credits and deductions.

it's bizarre that simply suggesting we tax billionaires as much as we tax regular workers is considered to be a controversial idea among the far right.

The typical talking points don't cut it: "so-and-so % of people pay no income tax" -- irrelevant. "buffett can donate his money to the treasury himself" -- irrelevant. "the rich will leave the country" -- not true. "this would kill jobs" -- not true. The far righties on this board can't stand it that Buffett has more credibility than all of them put together.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:19 AM
 
Location: Raleigh, NC
20,003 posts, read 16,484,689 times
Reputation: 3783
Quote:
Originally Posted by le roi View Post
it's not impossible. to tax people like buffet, you just raise capital gains rates to that of wages, raise corporate income taxes to that of wages, and eliminate most, if not all, credits and deductions.
There will ALWAYS be a loophole your confiscation team overlooked, or was "conveniently" put their by a lobbying group.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:22 AM
 
22,770 posts, read 27,519,024 times
Reputation: 14605
Quote:
Originally Posted by summers73 View Post
There will ALWAYS be a loophole your confiscation team overlooked, or was "conveniently" put their by a lobbying group.
No, if it was MY government like you say -- there wouldn't be.

But then, that's just silly, to suggest that I'd have my own personal dominion over the U.S.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:22 AM
 
4,741 posts, read 3,805,472 times
Reputation: 3225
Quote:
Originally Posted by theunbrainwashed View Post
You can raise his tax bracket to 100% and he'll STILL dodge most, if not ALL of it . Like it's been said here before, only those of modest means pay taxes. The rich and well-connected do not pay hardly any taxes no matter how high you raise them. All it takes is a good, expensive accountant and tax lawyer to write off most of your taxes. Look at GE. Made huge windfall profits and paid ZERO tax
Would you take a deep breath, and think before you post?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:26 AM
 
69,360 posts, read 58,078,260 times
Reputation: 9372
Quote:
Originally Posted by chickenfriedbananas View Post
Would you take a deep breath, and think before you post?
What exactly are they supposed to be thinking about? Everything they said was accurate.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-15-2011, 07:26 AM
 
Location: Raleigh, NC
20,003 posts, read 16,484,689 times
Reputation: 3783
Quote:
Originally Posted by le roi View Post
No, if it was MY government like you say -- there wouldn't be.
Governments are not run by one person, therefore your "say" is irrelevant. A lobbying group will always slide in some loophole to protect Mr. Buffet from paying the extra taxes he "desperately" wants to pay.

Quote:
But then, that's just silly, to suggest that I'd have my own personal dominion over the U.S.
Yup.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top