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Old 08-15-2011, 07:27 AM
 
4,741 posts, read 3,803,561 times
Reputation: 3225

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Quote:
Originally Posted by summers73 View Post
I consider the topics linked. The uber-rich pay more taxes, and so do their new competitors. The uber-rich can either easily absorb the higher taxes or simply write them off through a new/existing loophole their team of tax accountants identified. The new competition cannot afford to hire this accounting dream team or otherwise use the equivalent loopholes. The uber-rich with their government pals get to keep new competition and choice from the marketplace.

The gravy is that the uber-rich can pay off their government pals to enact new environmental or other regulations to ensure their monopoly for generations down the line.
Would you just stop posting and admit that you're being utterly ridiculous in an attempt to support a view that doesn't square with reality?

"I consider the topics linked". Who cares what you consider? Do you have evidence or not? Do you have facts or not? If not, stop.
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Old 08-15-2011, 07:27 AM
 
Location: Austin
30,410 posts, read 17,801,628 times
Reputation: 8592
Quote:
Originally Posted by chariega View Post

raise taxes cut spending...best of both worlds IMO.

There is nothing preventing Mr Buffett from sending a check for a few billion to the IRS.

There is no need whatsoever to raise taxes. Our government is already bloated, wasteful and way too powerful. Increased revenues just increases government.
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Old 08-15-2011, 07:33 AM
 
Location: Raleigh, NC
20,003 posts, read 16,479,991 times
Reputation: 3783
Quote:
Originally Posted by chickenfriedbananas View Post
Would you just stop posting and admit that you're being utterly ridiculous in an attempt to support a view that doesn't square with reality?
Seems logical to me. Buffet is desperate to pay more taxes, but doesn't want to do so unless his competition is forced to do so, preventing them from eating his market share.

Quote:
"I consider the topics linked". Who cares what you consider? Do you have evidence or not? Do you have facts or not? If not, stop.
Corporations profit from regulation.
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Old 08-15-2011, 07:33 AM
 
25,058 posts, read 24,548,097 times
Reputation: 11709
Quote:
Originally Posted by chickenfriedbananas View Post
Would you take a deep breath, and think before you post?
Wow, one of the most insightful posts I've read in this topic
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Old 08-15-2011, 07:33 AM
 
Location: Long Island, NY
19,776 posts, read 12,312,946 times
Reputation: 5644
Quote:
Originally Posted by pghquest View Post
Billionaires pay a lower rate because billionaires have wealth, and we DO NOT TAX WEALTH IN AMERICA. We tax INCOME..
I don't know how to say this is a polite way, you don't know what you are talking about. Buffett had an income of about $41,000,000 last year. We taxed that INCOME. He was taxed at 17%. That's the issue. Why is a 15% capital gains rate sacred? Buffett himself is saying that nobody is deterred from investing, even when the capital gains rate was 39%.

In other words, there is no economic reason to have such a low rate and it's just a gift for to the rich.
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Old 08-15-2011, 07:34 AM
 
12,176 posts, read 14,648,877 times
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The extent middle class suckers will go to in order sound like their talk radio heroes is absolutely staggering. The people you support in congress and running for President have all pledged to not raise taxes one penny on people no matter how wealthy they are out of the completely bogus and flawed logic that not doing so will create jobs.

It's nice to know who you carry water for out of hope that your pathetic no money down real estate schemes or buying into Glenn Becks gold scam will some day make you a millionaire. Now go throw the words Socialist and Liberal around a few more times because Rush told you that's cool. What a bunch of losers you are doing the corporatists dirty work for them.
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Old 08-15-2011, 07:35 AM
 
Location: Raleigh, NC
20,003 posts, read 16,479,991 times
Reputation: 3783
Quote:
Originally Posted by MTAtech View Post
I don't know how to say this is a polite way, you don't know what you are talking about. Buffett had an income of about $41,000,000 last year. We taxed that INCOME. He was taxed at 17%. That's the issue. Why is a 15% capital gains rate sacred? Buffett himself is saying that nobody is deterred from investing, even when the capital gains rate was 39%.
When people were gaga over dot com that was paying triple digit returns for a brief time, I'm sure 39% wasn't a big deal.

Quote:
In other words, there is no economic reason to have such a low rate and it's just a gift for to the rich.
...or the 401(k) saver who's just trying to retire in relative comfort instead of working until 80 years old.
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Old 08-15-2011, 07:36 AM
 
25,058 posts, read 24,548,097 times
Reputation: 11709
Quote:
Originally Posted by MTAtech View Post
I don't know how to say this is a polite way, you don't know what you are talking about. Buffett had an income of about $41,000,000 last year. We taxed that INCOME. He was taxed at 17%. That's the issue. Why is a 15% capital gains rate sacred? Buffett himself is saying that nobody is deterred from investing, even when the capital gains rate was 39%.

In other words, there is no economic reason to have such a low rate and it's just a gift for to the rich.
And as was told before, Buffet can afford to be taxed at a higher rate if you tax his millions in his salary. He can afford it because he is a BILLIONAIRE, not a millionaire in other words, Buffet wants the government to snuff out his competition and to keep the oligarchic class exclusive. Can you please put your class envy partisanship aside for a moment and open your eyes up?
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Old 08-15-2011, 07:37 AM
 
12,176 posts, read 14,648,877 times
Reputation: 7653
Quote:
Originally Posted by MTAtech View Post
I don't know how to say this is a polite way, you don't know what you are talking about. Buffett had an income of about $41,000,000 last year. We taxed that INCOME. He was taxed at 17%. That's the issue. Why is a 15% capital gains rate sacred? Buffett himself is saying that nobody is deterred from investing, even when the capital gains rate was 39%.

In other words, there is no economic reason to have such a low rate and it's just a gift for to the rich.

Maybe in the good old days when all that invesment money was going into building factories and creating jobs in the US there was a speck of credibility to trickle down. That ship sailed long, long, long ago.....right on board with millions of good paying middle class jobs lost to Chinese factories and Indian call centers.

What's shocking is no matter how many times you tell these guys that trickle down doesn't create jobs in the US, they still keep repeating the same mantras handed to them by Limbaugh et al day, after day, after day. What you really end up with is simply an anti-tax anti-government ideology that has nothing to do with stengthening our economy. That is what middle class "conservatives" carry water for.
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Old 08-15-2011, 07:37 AM
 
Location: Raleigh, NC
20,003 posts, read 16,479,991 times
Reputation: 3783
Quote:
Originally Posted by theunbrainwashed View Post
And as was told before, Buffet can afford to be taxed at a higher rate if you tax his millions in his salary. He can afford it because he is a BILLIONAIRE, not a millionaire in other words, Buffet wants the government to snuff out his competition and to keep the oligarchic class exclusive. Can you please put your class envy partisanship aside for a moment and open your eyes up?
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