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Warren Buffet: 'Trickle Down' Theory Doesn't Work

Kali

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He is correct: it does not work.

Did not watch the video though
 

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Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
Surprise! I think I can agree with him. He said people like himself should be taxed more. OK then... he is worth 37 Billion dollars. We can maybe tax Billionaires the 3% more. He also agrees with the report that just came from the debt commision. It his tons of spending cuts in it, many that the liberals will not like.
 

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Surprise! I think I can agree with him. He said people like himself should be taxed more. OK then... he is worth 37 Billion dollars. We can maybe tax Billionaires the 3% more. He also agrees with the report that just came from the debt commision. It his tons of spending cuts in it, many that the liberals will not like.
3%? Ha more like 50%. Buffett is a staunch DNC supporter. He also believes and I quote Buffett, "It's class warfare, my class is winning, but they shouldn't be."
 

Kali

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reagan came up with it and while it is a nice idea? It did not and does not work
 

Kali

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Trickle Down economics has been debunked several times over the years, however it's nice to see a billionaire say it. Trickle Down produces a nation of peons.
What do you mean? If it worked? It would be a wonderful thing
 

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reagan came up with it and while it is a nice idea? It did not and does not work
Actually he just slapped a new label on it. It was around in the late 1800's under the name "horse and sparrow" economics. Feed the horse all the berries, it leaves seeds for the birds. You can see why it was renamed.
 

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reagan came up with it and while it is a nice idea? It did not and does not work
socialism hasn't worked either and has resulted in over 100 million people being murdered

punishing the rich doesn't make the poor more able to compete in a modern economic system

addicting people to government provided dependency doesn't make them prosperous either-in fact it prevents them from competing which is why people like Buffett support such nonsense
 

TurtleDude

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3%? Ha more like 50%. Buffett is a staunch DNC supporter. He also believes and I quote Buffett, "It's class warfare, my class is winning, but they shouldn't be."
he can affford massive tax hikes but most of those that will be treated the same (those making over a couple hundred thousand) cannot. that is part of his plan-and to ingratiate himself to powerful dem leaders so as to get the adoration of the masses.

when someone is that rich power and love is all that is left to buy
 

TurtleDude

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Trickle Down economics has been debunked several times over the years, however it's nice to see a billionaire say it. Trickle Down produces a nation of peons.
socialism creates a nation of bots and dead bodies
 

haymarket

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socialism hasn't worked either and has resulted in over 100 million people being murdered

punishing the rich doesn't make the poor more able to compete in a modern economic system

addicting people to government provided dependency doesn't make them prosperous either-in fact it prevents them from competing which is why people like Buffett support such nonsense
1- like nobody ever died in a war about capitalism
2- sure it does if you use the money to educate and empower people
 

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he can affford massive tax hikes but most of those that will be treated the same (those making over a couple hundred thousand) cannot. that is part of his plan-and to ingratiate himself to powerful dem leaders so as to get the adoration of the masses.
Wrong again, Turtle. What Mr.Buffet actually said about his plan is “If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” .. “But I think that people at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we’ve ever had it.”


when someone is that rich power and love is all that is left to buy
You labor under the delusion that you can actually understand what he thinks ;)
 
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haymarket

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from The Tedminator to Turtle

You labor under the delusion that you can actually understand what he thinks
A good editor might have chopped off the last three words of your statement. ;)
 

TurtleDude

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1- like nobody ever died in a war about capitalism
2- sure it does if you use the money to educate and empower people
educating and empowering people is the last thing liberal elites want to do. It would make those elites unneccesary
 

TurtleDude

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Wrong again, Turtle. What Mr.Buffet actually said about his plan is “If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” .. “But I think that people at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we’ve ever had it.”



You labor under the delusion that you can actually understand what he thinks ;)
I know how he thinks. You don't. as long as you understand that you have some promise
 

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Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
In other news.....water is wet!

Trickle down economics has never worked...and the Republicans know it as well. Its just a way of handing more money to the wealthiest corporations without the people of America crying out too much.
 

disneydude

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he can affford massive tax hikes but most of those that will be treated the same (those making over a couple hundred thousand) cannot.
Wow....they might not be able to by their caviar and truffles?
 

TurtleDude

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In other news.....water is wet!

Trickle down economics has never worked...and the Republicans know it as well. Its just a way of handing more money to the wealthiest corporations without the people of America crying out too much.
socialism hasn't worked either and taxing the rich while spending more and more money to buy the votes of the middle and lower classes is really stupid
 

SheWolf

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socialism hasn't worked either and has resulted in over 100 million people being murdered

punishing the rich doesn't make the poor more able to compete in a modern economic system

addicting people to government provided dependency doesn't make them prosperous either-in fact it prevents them from competing which is why people like Buffett support such nonsense
You understand that trickle down and socialism are mutually exclusive?
 

TurtleDude

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Wow....they might not be able to by their caviar and truffles?
nothing shouts out spiteful envy like a post you just made. But thanks, I always knew what motivated you
 

TurtleDude

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You understand that trickle down and socialism are mutually exclusive?
I understand that socialism and income redistribution end up destroying countries by creating massive amounts of entitlement addicted slugs who are kept addicted by those who gain power from their votes.
 
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