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Stop Coddling the Super-Rich

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PeteEU

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http://www.nytimes.com/2011/08/15/o...r-rich.html?smid=tw-nytimesbusiness&seid=auto


Much respect for Buffet and his pragmatic view of things.
 
PeteEU said:
http://www.nytimes.com/2011/08/15/o...r-rich.html?smid=tw-nytimesbusiness&seid=auto



Much respect for Buffet and his pragmatic view of things.
Click to expand...

Yawn,. Buffet, a NY Times piece and PeteEU posting it.

What do we say to this?

Mr. Buffet is a dishonest POS? He's more then welcome to pay more in taxes, but note he chooses not too.

The "super Rich" blame game is just stoking the fires of class warfare, doesn't help anyone, and even if you taxed anyone that has, or would make over $1,000,000 in a year at 100% on anything over $1,000,000 we'd still have debilitating debt problems.

You have respect for a dishonest POS, not a shock.
 
another welfare socialist whining about the rich-this time using a guy who ingratiates himself to the "common people" by pretending to advocate a position that is detrimental to buffett's own position

well not really. Buffett wants dems to win elections and Buffett understands that the mega wealthy are benefited by imposing the current opiate of the masses-the ambition killing addiction of government handouts.

and I note Buffett is not donating millions to the federal government and he has set up his estate so the government he slurps gets NADA. Buffett also wants to buy the love of the weakminded by pushing a tax system that hurts him none in the least while being extremely burdensome to the upper middle class and those making less than a few million a year but who are still treated the same by the tax code as those who make a million a day and aren't going to notice paying 45% or even 50% taxes on a billion a year
 
That's adequately an attack on the man.

Where are the details of Buffett's tax system?
 

Yep, we should just keep cutting taxes for the rich & corporations, have you pay more, and turn America into big Mexico. I am sure that is a class you are hoping to find in your future.

Now if you are going to call Buffet dishonest, at least be honest enough to prove your point, or STFU.:lamo
 
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I did, but you choose to ignore reality, as you are mired in the envy that is "class warfare".

You think Government handouts actually are helping? A small amount, to the most needy among us, is good and proper. We are far past that point of "good and proper".
 

Wow, what a mass of nonsense. You spend most of your time arguing that the Democrats are all about envy and undermining the wealthy, and then turn around and argue that Buffett only supports the Democrats because they are so amazingly good for the wealthy. :lol:
 
The strangle hold that the super rich have on the entire GOP/tea party and about say 1/3 of the Democrats is killing the country. They are a small number of people that are able to dictate law and policy to the government. No surprise that they're using that power to suck all the money out of the country. We can't afford it anymore. This bizarre fetish for the super wealthy is a ridiculous luxury we can no longer sustain. Unemployment is around 10%, the median wage of the bottom 99% of us has been falling for 12 or so years while the income of the top 1% has been exploding rapidly up. We can't afford to keep flooding the super rich with our GDP, we just can't. They got too greedy and blew up their spot. No more special tax breaks for the rich. Return to a progressive taxation system like every other first world country has. Re-establish a safety net that can allow us to compete with other first world countries.
 

I see the reality alright, the rich are getting richer & the poor are getting poorer. And the people responsible for our mire are being protected by the Rightwing using cliche's like "class warfare," "Envy the rich," and wealth intimidation to insure their campaign contributions. And everytime a billionaire comes forward to shed light on the secret society, the rightwing chumps ignorantly discredit the messenger, NOT THE MESSAGE!! Bill Gates is another one of those people the right calls dishonest as they tap away on the pc's he made them to get some intellect between the ears. ie. Ross Perot. I have no need to envy anyone, or be intimidated by wealth in order to know morally right from wrong. Being rich doesn't mean I forgot where I came from and my love of my fellow American men.
 
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The government accepts donations on its website, write the difference and send it in then Mr. Buffet
 
Warren Buffet Speaks: "Stop Coddling the Super-Rich"


OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

Is this the truth? Can you refute it?

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

Is this the truth? Can you refute it?



These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Is this the truth? Can you refute it?



Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Is this the truth? Can you refute it?



If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.

Is this the truth? Can you refute it?








[More] http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&ref=opinion

What? Where did the paid mouth pieces of the rich run off to?:lamo
 
DontDoIt said:
The government accepts donations on its website, write the difference and send it in then Mr. Buffet
Click to expand...

Hmm, and that will do what? Are you just another paid mouth of the rich who comes here for distraction purposes and flits away from the debate? There are words for people like you,...........ignorant assholes comes to mind, but of course we can't say that here about you or others like you. So tell me what good making this donation would do?
 
DontDoIt said:
The government accepts donations on its website, write the difference and send it in then Mr. Buffet
Click to expand...

I haven't been responding to this statement that you guys keep making because I assume you're fully aware that it is just an empty one liner. Right? Obviously you understand that one person donating money to the government wouldn't solve anything...
 

You give them too much credit. I was thinking Buffet's mistake was using percentages instead of simple drawings and analogies on this rightwing paid mouth pieces. Anyone who will listen to Rush Lowball or Foxviews has to have a mental problem regressed somewhere below the learning curve.
 
DontDoIt said:
The government accepts donations on its website, write the difference and send it in then Mr. Buffet
Click to expand...

I posted this elsewhere but this seems like an appropriate place to repeat myself:

The reason that some of the super-rich have come forward to ask for higher taxes, but not just given the money to the government on their own is that they cannot afford to compete with others who won't do the same. Giving the amount that we all know is required really is quite a sacrifice, and it can't be done by choice in this competitive world because that leaves you in a considerably weaker position when dealing with those who are selfish with their earnings (and correspondingly more likely to become aggressive when they sense weakness). The loss of funds is not going to cause them any physical discomfort. It wouldn't put their lifestyle in danger. But bargaining capital is power, and there is no way a player at that level of the game is going to willingly give up that much if they aren't sure everyone else at that level is also giving it up. That is the only way to keep things fair. And so we have taxes.
 
Im an ignorant asshole for telling someone to put their money where their mouth is? I'm definitely talking to a liberal.
 
I'm finding almost nobody is against the concept of being wealthy, even the adamant socialist. However, what we are against is helping rich people get obscenely rich at the expense of the lower class.

We all need to face it, the supply-side economics experiment is not working and needs to be reversed:
Historical CEO compensation - Forbes.com

Call it socialism, weath distribution or what ever, but the fact remains our contry was much healthier under a VASTLY more progressive tax system all the way until 1980.
 
Some of you can't let go, can you? Toadies for the truly wealthy. I'm wondering why you feel compelled to support them like demigods. Well here is the naked truth, it's over. Lick their boots all you like, noting lasts forever.

Warren Buffet still has a soul. Good on him.
 
When poor people start hiring me, then I'll think you have a point. When punishing Success actually works, I'll listen. When jealousy of others good fortune is beneficial, I'll join you.

Till then, I'll look for ways to expand my own success, toast those that have succeeded and fight at every turn the lackeys of Government Greed and power trying to enslave me with promises of "getting even" if I'd just vote for them so they can punish "the rich" and give me a few crumbs.
 

:roll:

This whole mentality of fair taxes are punishment for the rich is pretty old. Good grief. So we want the wealthiest Americans to pay a rate on their income tax that isn't lower than the rate paid by their own workers. Clearly we are terrible sadists!
 
As expected, the conservative responses to the OP did not address its points, choosing instead to go off on some childish tangent about "class warfare," how the rich exclusively are the ones who create jobs, and how the Big Bad Liberals should never, ever tax anyone.

One of the problems here is that these views belong to the loud minority. The silent majority of Americans wants to raise taxes on the rich in addition to heavy spending cuts. But Congress listens more to lobbyists than the will of their constituents nowadays. And they wonder why their approval rating is in the teens?
 
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