Buffett: "Tax Cuts For All But The Rich"

[Jermyn Davidson]

Originally Posted by Praxeas

Questions: How did he define "the very rich"?

Did he mention fixing the many loopholes that allows someone like him to not pay taxes no matter what the tax rate is?

"The Very Rich" = the top 2% of earners in America.


Bottom line is: Warren Buffett agrees with this Conservative.


No he did not address any loop holes.

[coadie]

Buffet is rich. He doesn't make income on stock until he sells it. He holds the stock and prevents capital gains and capital gains taxes.

[scotty]

I don't believe the top 2% should have higher tax rates. I believe the top 2% should collectively pay off at least 75% of the deficit in one lump sum and then oversee all government spending to protect their investment.

Oh , but wait, that would be "the people" running the government. Well, we can't have that now can we.

[coadie]

Originally Posted by scotty

I don't believe the top 2% should have higher tax rates. I believe the top 2% should collectively pay off at least 75% of the deficit in one lump sum and then oversee all government spending to protect their investment.

Oh , but wait, that would be "the people" running the government. Well, we can't have that now can we.

Half of America's national debt is held in America by the wealthy. If we take away their money, how do the "intellectual liberals" expect to borrow more money from these wealthy?

[scotty]

Originally Posted by coadie

Half of America's national debt is held in America by the wealthy. If we take away their money, how do the "intellectual liberals" expect to borrow more money from these wealthy?

Exactly , they couldn't, most of the wealthy like Buffet and Gates got wealthy by good money management. We would do well with their oversight.

[coadie]

Originally Posted by scotty

Exactly , they couldn't, most of the wealthy like Buffet and Gates got wealthy by good money management. We would do well with their oversight.

Two very different cases. Warren Buffet nearly never sells stock. He also doesn't spend money. America would have no welfare programs if we quit spending.
When Warren raised a son, he gave him 100 dollars to buy a bike to ride to work. The bike was stolen and Warren didn't replace it. Socialsm can't work that way.

[Jermyn Davidson]

I would like for someone to actually refute the points that Buffett makes, instead of sidestepping the main issue of this thread.

[coadie]

Originally Posted by Jermyn Davidson

I would like for someone to actually refute the points that Buffett makes, instead of sidestepping the main issue of this thread.

Are you referring to class warfare?

We live in a world today where rich = bad. If a wealthy man shows up in a movie, you are to immediately assume that he’s the bad guy. Of course, these assumptions are never reserved for the middle-eastern terrorists, rather the man with the bryl-creemed hair and Brioni suit. Add to the fact that we have a Harry Reid-minded administration consistently setting up the “Us vs. Them” cultural narrative and it seems that today’s top earners find themselves in a never-ending, uphill battle against public hatred. Prejudice is bad. Why should prejudice towards the rich be any different?

Do you like Buffets comments because of taxation to the properous you despise?

http://biggovernment.com/scrowder/20...e/#more-177361

Gubment workers want high taxes for the wealthy so they can get raises.

[Jermyn Davidson]

Originally Posted by coadie

Are you referring to class warfare?



Do you like Buffets comments because of taxation to the properous you despise?

http://biggovernment.com/scrowder/20...e/#more-177361

Gubment workers want high taxes for the wealthy so they can get raises.

Coadie,

You find it so very easy to take me on-- that's fine. Iron sharpens iron.

I want you to refute Warren Buffett.

I want you to match your knowledge and credibility to Buffett and show us that you know better than him.

[coadie]

Originally Posted by Jermyn Davidson

Coadie,

You find it so very easy to take me on-- that's fine. Iron sharpens iron.

I want you to refute Warren Buffett.

I want you to match your knowledge and credibility to Buffett and show us that you know better than him.

You have no "iron" to sharpen. We all know you have no economics education. Buffet if I remember is a Wharton grad.

Buffet takes a salary of $100,000 per year.

Buffett married Susan Buffett née Thompson in 1952. They had three children, Susie, Howard and Peter. The couple began living separately in 1977, although they remained married until her death in July 2004. Their daughter, Susie, lives in Omaha and does charitable work through the Susan A. Buffett Foundation and is a national board member of Girls, Inc. In 2006, on his seventy-sixth birthday, Warren married his never-married longtime-companion, Astrid Menks, who was then sixty years old. She had lived with him since his wife's departure in 1977 to San Francisco.[55] It was Susan Buffett who arranged for the two to meet before she left Omaha to pursue her singing career. All three were close and holiday cards to friends were signed "Warren, Susie and Astrid".[56] Susan Buffett briefly discussed this relationship in an interview on the Charlie Rose Show shortly before her death, in a rare glimpse into Buffett's personal life.[

Buffet is your kind of lib. He never divorced. It saved him billions to have a mistress and remain married.

Obviously his salary doesn't create much SS Fica withholding.