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Gayle in MD
11-21-2010, 01:52 PM
<span style='font-size: 14pt'>WASHINGTON -- Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.

"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," he told ABC's Christiane Amanpour in a clip played on "This Week" on Sunday.

When Amanpour pointed to critics' claims that the very wealthy need tax cuts to spur business and capitalism, Buffett replied, "The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."





On Tuesday, Buffett wrote a New York Times op-ed in the form of a letter to "Uncle Sam," thanking him for saving the U.S. economy:

When the crisis struck, I felt you would understand the role you had to play. But you've never been known for speed, and in a meltdown minutes matter. I worried whether the barrage of shattering surprises would disorient you. You would have to improvise solutions on the run, stretch legal boundaries and avoid slowdowns, like Congressional hearings and studies. You would also need to get turf-conscious departments to work together in mounting your counterattack. The challenge was huge, and many people thought you were not up to it.
Well, Uncle Sam, you delivered. People will second-guess your specific decisions; you can always count on that. But just as there is a fog of war, there is a fog of panic -- and, overall, your actions were remarkably effective.


Buffett isn't the only billionaire who has argued for higher taxes. Both Microsoft co-founder Bill Gates and his father, Bill Gates, Sr., recently came out in support of a Washington state measure to "create a 5 percent tax rate on annual income exceeding $200,000 for individuals and $400,000 for couples, and a 9 percent tax rate on income that tops $500,000 for individuals and $1 million for couples."</span>WATCH: [/size]http://www.huffingtonpost.com/2010/11/21/warren-buffett-paying-more-taxes_n_786516.html

wolfdancer
11-21-2010, 04:04 PM
Heresy .....there's so many party of Lincoln peoples, that think and believe the poor aren't taxed enough , and then they reserve their sympathy for the overburdened rich.
they may be hoping that they will soon become " noveau riche " themselves, soon as they hits the lottery...
There are many stories of moderately wealthy folks, who pay less of a percentage in taxes, on their incomes, then the working "poor"

LWW
11-21-2010, 04:08 PM
What the far left refuses to understand is that Warren Buffet and Bill Gates are unaffected by income tax rates since his income is from investments.

If they truly feel they are under taxed then they are free to make an additional donation to the treasury ... yet oddly they haven't.

What they are doing is tempting the state to act as the gatekeeper and prevent any riff raff making $200K from rising to their level ... and pimping the naive into believing the lie that they are wanting to believe.

LWW

Gayle in MD
11-21-2010, 04:13 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: wolfdancer</div><div class="ubbcode-body">Heresy .....there's so many party of Lincoln peoples, that think and believe the poor aren't taxed enough , and then they reserve their sympathy for the overburdened rich.
they may be hoping that they will soon become " noveau riche " themselves, soon as they hits the lottery...
There are many stories of moderately wealthy folks, who pay less of a percentage in taxes, on their incomes, then the working "poor" </div></div>

Socialism for the wealthy, and the corrupt.

Great Repiglican policy, gol darn it, dem thar trickles down, you betcha!

Hilarious folks, dem thar righties! /forums/images/%%GRAEMLIN_URL%%/grin.gif

Speaking of Lincoln...what a great program on C-Span this weekend, all about the Civil War, and the Emancipation!!!

Blew my mind...included some things I had never known.

I'll try to find you a link.

G.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"You can never predict the behavior of wild animals, and all it takes is a split-second for an animal to attack and seriously maim or kill a person."
</div></div>

wolfdancer
11-21-2010, 05:12 PM
I missed that program...hope it repeats. Can you imagine Lincoln today, promoting his ideas?....the right would castrate, er castigate him.
If I ever even considered joining the "party"...reading the rantings of a select few here, would be enough to banish that idea from my mind.

Gayle in MD
11-21-2010, 05:26 PM
Just posted the link for you in a new thread....

Like President Obama, Lincoln didn't do what was politically epedient, he did what was right.

This panel discussion about lincoln, and the Emancipation Proclamation, and truly spellbinding...particularly enjoyed the story of the slave girl, Harriet Jacobs, a truly amazing story.

You'll love this program...

G.

"You can never predict the behavior of wild animals, and all it takes is a split-second for an animal to attack and seriously maim or kill a person."

"Got a link for that, Gayle?"

Qtec
11-22-2010, 05:20 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"The rich are always going to say that, you know, <u>just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you.</u> <span style='font-size: 17pt'>But that has not worked the last 10 years, and I hope the American public is catching on," </span> </div></div>

Obviously you haven't caught on because <u>once again</u> you miss the main point.

Q

LWW
11-22-2010, 06:39 AM
I get the point ... the train started running off the tracks in 2007 and you insist on blaming the prior engineers.

LWW

Gayle in MD
11-22-2010, 07:50 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: wolfdancer</div><div class="ubbcode-body">Heresy .....there's so many party of Lincoln peoples, that think and believe the poor aren't taxed enough , and then they reserve their sympathy for the overburdened rich.
they may be hoping that they will soon become " noveau riche " themselves, soon as they hits the lottery...
There are many stories of moderately wealthy folks, who pay less of a percentage in taxes, on their incomes, then the working "poor" </div></div>

We watched, as early as 2005, as this economy crashed.

Bush's policies had failed and ruined the economy, by no later, than 2006.

In every single book, about the economy, and the run up to how it crashed, it is documented, Wall Street, Bush, Greenspan, balooned the growing threat, and denied the coming crash, Bush and Greenspan, looked the other way, ad let it happen...same way Bush did when he knew al Qaeda was going to fly ploanes into the WTC..

This new book, which I have already told you about, "All The Devils...." as well as the others, documents again, that the economy was careening toward the crash, and it was a done deal, by late 2005, early 2006. In "All The Devils..." it is stated, it was not even possible to turn the collapse train around, by late 2006.

Greenspan, was warned, long before that, ignored the warnings, and it finally happened, after he jumped ship, of course.....

He was one of the most negligent. He threw gasoline on the fire, to help promote Bush's "Ownership Society" and cover up the coming crash, as much a he could....refused to step in and do what should have been done.

We're lucky that Americans protested Bush's plan, to throw Social Security over to the profites of Wall Street's Greedy pigs...imagine!

G.

"You can never predict the behavior of wild animals, and all it takes is a split-second for an animal to attack and seriously maim or kill a person."


"Got a link for that Gayle?"

Stretch
11-22-2010, 07:58 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">I get the point ... the train started running off the tracks in 2007 and you insist on blaming the prior engineers.

LWW </div></div>

You are close to an epiphany. St.

Gayle in MD
11-22-2010, 08:21 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Stretch</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">I get the point ... the train started running off the tracks in 2007 and you insist on blaming the prior engineers.

LWW </div></div>

You are close to an epiphany. St. </div></div>

<span style="color: #CC0000">OMG! There you go Stretch. Proof of his gross ignorance!

The crash was a done deal, long before 2007. A lot of hidden details by the Wall Street Crooks, protected by the SEC, Greenspan, Bush...all of them grossly negligent, after being warned, over and over....

We should all just ignore this twit's posts, completely.

Regurgitated lies....nothing more.

G.</span>

eg8r
11-22-2010, 09:05 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">What the far left refuses to understand is that Warren Buffet and Bill Gates are unaffected by income tax rates since his income is from investments.

</div></div>Taxable income is something they don't seem to understand around here.

eg8r

Chopstick
11-22-2010, 09:50 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"The rich are always going to say that, you know, <u>just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you.</u> <span style='font-size: 17pt'>But that has not worked the last 10 years, and I hope the American public is catching on," </span> </div></div>

Obviously you haven't caught on because <u>once again</u> you miss the main point.

Q </div></div>

<span style="color: #000099">I think you might be missing the point also. The wealthy in this country got that way and are becoming wealthier because of asset appreciation which is not subject to ordinary income tax. Raising taxes will just wind up nailing the middle class like it always does.

A rich man buys a house for a million and now it's worth three million. He just made two million on paper. What else do you suggest we do? Go to rich peoples houses with a wrecking ball and give each of the poor a brick from it?

You cannot tax income that has not yet occurred. A guy I work with has about $180 million in cash in various investments. They go up a few million every year. If he does not draw against it, which he doesn't, he has no income to tax. All rich people do the same thing. </span>

Gayle in MD
11-22-2010, 10:26 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Chopstick</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"The rich are always going to say that, you know, <u>just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you.</u> <span style='font-size: 17pt'>But that has not worked the last 10 years, and I hope the American public is catching on," </span> </div></div>

Obviously you haven't caught on because <u>once again</u> you miss the main point.

Q </div></div>

<span style="color: #000099">I think you might be missing the point also. The wealthy in this country got that way and are becoming wealthier because of asset appreciation which is not subject to ordinary income tax. Raising taxes will just wind up nailing the middle class like it always does.

A rich man buys a house for a million and now it's worth three million. He just made two million on paper. What else do you suggest we do? Go to rich peoples houses with a wrecking ball and give each of the poor a brick from it?

You cannot tax income that has not yet occurred. A guy I work with has about $180 million in cash in various investments. They go up a few million every year. If he does not draw against it, which he doesn't, he has no income to tax. All rich people do the same thing. </span> </div></div>

That's exactly why we need to tax them at a higher percentage rate, on their investments....AND reinstate the so called, death tax.

The financial industry, doesn't create enough jobs for the whole country, you know, and how much more mney, do they stash off shore?

We need more money in the system, not squirreled away, in untaxed wealth.

Your point proves why lowering their taxes does not provide jobs. They don't create jobs, that's the point. How do you expect the rest of the country to survive, when they continue to stash away more and more, and own a larger and larger percentage of the wealth?

How do youu explain the fact that historically, everytime, the wealthy own such a huge percentage of the wealth, we end up in depression, and worse?

The uneven distribution of wealth, IS the problem. ow many of these CEO's are the same one's who are soaking ur, oil, health, pharmaceuticals, insurance, all of them buyinng our representtives, creating no jobs, and hoarding their money?

G.

/forums/images/%%GRAEMLIN_URL%%/crazy.gif

eg8r
11-22-2010, 11:13 AM
Which point are you thinking I have missed? If it is the part where Buffett says it has not working the last 10 years then you need to wake up and think a little to see what he is NOT telling you. What he is not saying is that federal tax receipts in the past 10 years have been the highest than any other time yet we still fell incredibly far behind. What does that leave you with...increased government spending.

The math is simple, you have money coming in and you have money going out. If the money going out is less than the money coming in you are not adding debt. The federal government does not live by this simple premise because they can get people like Buffet to blow smoke up your rear about taxes.

The income of most millionaires in America is a very small percentage of their wealth. The government and Buffet are not talking about raising taxes on unrealized income. They are talking about raising taxes on realized income which does not affect Buffet at all. This is why he is so willing to have those rates increased.

If Buffet really wanted to make it "fair" in your eyes, why don't you ask him to put his money where his mouth is and quit taking all the deductions? Why don't you ask him to just right a check and send in all his "extra" money to the Government? Don't cover your eyes because he donates a ton of money, that is a tax break. Ask him to just hand the money over to the US Govenrment.

Jeesh, the man is playing you people for idiots.

eg8r

eg8r
11-22-2010, 11:16 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">That's exactly why we need to tax them at a higher percentage rate, on their investments....AND reinstate the so called, death tax.

</div></div>LOL, that is where Gates and Buffet laugh in your freaking faces. Before the Government can seize this money they are giving it away and you still don't get it.

eg8r

LWW
11-22-2010, 03:05 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">We watched, as early as 2005, as this economy crashed.

Bush's policies had failed and ruined the economy, by no later, than 2006. </div></div>

Got a link to that pack of lies? Of course not.

I have some to the truth however.

In the 8 quarters of 2005/2006 GDP averaged +2.95%. In 2007 it was rising at almost +2%.

In 2008 it averaged exactly 0.0%, in 2009 it was -2.6% on average.

UE in 2005/2006 was a low of 4.4% and a high of 5.4%. In 2007 it was between 4,4% and 4.8%. Afterwards it has soared to over 10% and has been over 8% for 16 straight months.

Meanwhile, the deficit was -1.0% to -3.0% of GDP in the era when you claim Bush had ruined things. Since it has soared to beyond -10% of GDP.

Your mythology lives only in the minds of doublethinkers.

LWW

Qtec
11-23-2010, 01:40 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">What the far left refuses to understand is that Warren Buffet and Bill Gates are unaffected by income tax rates since his income is from investments.

</div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", Pub.L. 108-27, 117 Stat. 752), was passed by the United States Congress on May 23, 2003 and signed into law by President George W. Bush on May 28, 2003. Nearly all of the cuts—<u>individual rates, capital gains, dividends, estate tax</u>—are set to expire after 2010.[1]

Description of cuts

JGTRRA continued on the precedent established by the 2001 EGTRRA, while increasing <u>tax reductions on investment income from dividends and capital gains.</u></div></div>


Not only income tax.

Q

Chopstick
11-23-2010, 10:14 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">
<span style="color: #000099">You do realize that what you are saying here constitutes a violation of basic human rights.</span>

That's exactly why we need to tax them at a higher percentage rate,
<span style="color: #000099">Raise it to a million percent if you like. A million times zero is still zero. You cannot tax income that has not occurred. </span>

on their investments....

<span style="color: #000099">You have previously stated that you do not understand these so don't even start.</span>

AND reinstate the so called, death tax.

<span style="color: #000099">The death tax is an obscenity. A man buys a piece of land and builds a farm. He spends his whole life and builds it up. He raises a son who also spends his whole life building up the farm. The father dies. The son now owes the government 50% of the value of the farm he and his father spent their whole life building and paying taxes on it the whole time. He can't pay it. He loses the life's work of himself and his father. Don't deny it. It has already happened many times over.</span>

The financial industry, doesn't create enough jobs for the whole country, you know, and how much more mney, do they stash off shore?

<span style="color: #000099">They can stash as much as they want anywhere they want. It is not illegal. It is their right to do whatever they want with THEIR money.</span>

We need more money in the system, not squirreled away, in untaxed wealth.

<span style="color: #000099">OK. A millionaire has his money in tax exempt municipal bonds. He is getting a 6% annual yield. What incentive does he have to move that money into a business that would create jobs? First he is going to get hammered with taxes when he moves the money. He will be covered up with government regulations. He will incur significant liability, the risk of the business venture itself, be taxed, taxed, and taxed again every step of the way. In the end, if he is successful, he will be blamed for all societies ills and informed that he needs to be taxed more. Who needs the headache? He has a guaranteed 6% return right now. </span>

Your point proves why lowering their taxes does not provide jobs. They don't create jobs, that's the point. How do you expect the rest of the country to survive, when they continue to stash away more and more, and own a larger and larger percentage of the wealth?

<span style="color: #000099">No one has the right to tell anyone else they have too much. </span>

How do youu explain the fact that historically, everytime, the wealthy own such a huge percentage of the wealth, we end up in depression, and worse?

<span style="color: #000099">Simple. It isn't true.</span>

The uneven distribution of wealth, IS the problem.

<span style="color: #000099">No. It isn't. Thinking you are entitled to the proceeds of someone elses labor that you did not earn is the problem.</span>

ow many of these CEO's are the same one's who are soaking ur, oil, health, pharmaceuticals, insurance, all of them buyinng our representtives, creating no jobs, and hoarding their money?

<span style="color: #000099">I can't make any sense of that.</span>

G.

/forums/images/%%GRAEMLIN_URL%%/crazy.gif </div></div>

Deeman3
11-23-2010, 12:36 PM
Chop,

I am now only on my I pad as Tori won't even let me tough my laptop, you know, Texas Holdem 24/7!

I like reading all your posts but the blue is invisible. On my work computer, I could just highlight the text and read it.

Can you consider using a red or other color so I can read your stuff as I can't highlight the blue without zooming around the whole screen?

Gayle in MD
11-23-2010, 01:13 PM
It IS true. Before the Great Depression, The wealthy owned a disproportionate percentage of the wealth, proportionately, very close to the same void, as right now.

Do you think the top one percent, owns 25% of the wealth, and they aren't getting over on anyone, and etting away with it???

You think we should subsidize corporations, who out-source Americann jobs, and then hide their money offshore, while they enjoy everything we have here, that they're ruining??

You think those greedy, filthy CEO's on Wall Street, should have walked away with their pockets stuffed with millions upon millions of dollars, after what they did?.

You think they have a right to get off from any safety oversight, by handing over money to Republicans, so they will legislate to allow them to continue polluting the environment, making people ill, and then just walk away.

The crooks in the energy industry, make us sick, then the other crooks, in the health insurance industry, drop our health insurance...., they get the rest of the country coming and going.

That's really a great way for this country to operate...

No regulations, at all. I suppose you don't give a damn, about pollution, cancer, lung diseases, from filthy air,.... fracking, destroying our drinking water, coming out of the faucet, and catching on fire, for heaven's sake.

How do you propose, we get a chunck of cash out of these SOB's who don't care about stealing from innocent investors, or filling up the earth with their filth, making people ill, enough to cover all the costs they run up for everyone else, for trashing the earth, and in come cass,l killoing people, because the dear farmers, con't give a damn abobut diseases, coming fr9om pumping cattle and chickens annd pigs, full of hormones and insecticides, that are pushing the cancer rates through the roof??? who pays for that??

I suppose you think Wall Street didn't collapse this economy, from pure greed, and a complete lack of conscience over what they did to the country, and the world?


I'd be completely satisfied, with no taxes for them, at all, as long as they paid for the misery they cause for others.
But no, then Republicans think we need to also arrange so that no one can even sue the SOB's, on top of everything else.

Where does it ever end? What trickled down for Bush's tax cuts, Do tell???? Because the rest of us have been watching nothing but one scam after another....
G.

Gayle in MD
11-23-2010, 01:35 PM
Here you go, Q.'s link, watch it and then tell us how great tax cuts are for the economy???

http://www.youtube.com/watch?v=CZo5DaJKkIo

Who are the crooks?

G.