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

Catawba said:

I shows that the proposed tax rates are lower than in the past, under conservative leadership.

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What proposed tax rates? I was speaking in general terms, not about any specific law/bill/whatever.

And I sure as hell wasn’t focusing on any one political or ideological entity.

Catawba said:

I prefer the president’s plan of targeted tax cuts for those that actually invest in jobs in this country as opposed to the GOP candidates plan to give huge tax cuts to those that are rich, whether the invest in American jobs or not.

That didn't help the last decade we did it.

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I get the distinct impression that you’re responding to something you inferred I said, rather than what I actually said.

Because that statement is completely unrelated to that which it was in response to.

The Mark said:

What proposed tax rates? I was speaking in general terms, not about any specific law/bill/whatever.

And I sure as hell wasn’t focusing on any one political or ideological entity.


I get the distinct impression that you’re responding to something you inferred I said, rather than what I actually said.

Because that statement is completely unrelated to that which it was in response to.

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So you are not talking about our tax system?

Catawba said:

So you are not talking about our tax system?

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I was talking about taxes in general.

Anywhere, anywhen.


I was thinking specifically about the US tax system at the time, since that's what I have the most experience with.

The Mark said:

I was talking about taxes in general.

Anywhere, anywhen.


I was thinking specifically about the US tax system at the time, since that's what I have the most experience with.

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Who's plan do you prefer?

Catawba said:

Who's plan do you prefer?

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I don't know enough about the various plans out there to make a call.

Haven't been paying much attention lately.


That's the trouble with politics these days, you almost need to spend several hours a day just keeping track of things, and frankly I can think of many things I'd rather be doing.


But I digress.


I'm not sure any of the various plans out there fit my idea of "what should be".

As I'm a fiscal libertarian/conservative, in general terms...

And the Democrat party is progressive/liberal fiscally…and so are the republicans...I think.

Progressivism…that word keeps popping up…usually connected with policies and such that I disagree with, it seems.

I just don’t know…

The Mark said:

Personally, I think there's a balance point between higher and lower tax rates.

Too high, and you reduce revenues - too low, and the same occurs.

From another angle, IMO overly high taxes have other negative effects beyond reducing revenue – yet taxes which are low enough to reduce revenue may have positive effects.


Edit: Thus, IMO, it's best to err on the side of lower taxes, if you're unsure.

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You forget one factor that figures greatly into the welfare socialists' mindset that has nothing to do with economic efficiency or increased tax revenues or job growth.

Its a proven fact that higher tax rates are craved by these people out of their warped sense of "fairness" which essentially involves afflicting the rich or using the tax code to punish those who were born with talent, ambition or prosperous parents

TurtleDude said:

You forget one factor that figures greatly into the welfare socialists' mindset that has nothing to do with economic efficiency or increased tax revenues or job growth.

Its a proven fact that higher tax rates are craved by these people out of their warped sense of "fairness" which essentially involves afflicting the rich or using the tax code to punish those who were born with talent, ambition or prosperous parents

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That may well be, although I have know way of being as sure of it as you appear to be.

Still, anyone who thinks that is way too illogical for me to agree with.