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Warren Buffett: I Could End The Deficit In 5 Mins.

Hits: 15816 | Rating: (2.5) | Category: News & Politics | Added by: fancylad
Page: 1 2 Next >   Jump to: Bottom    Last Post
ImaComputer
Male, 18-29, Western US
 285 Posts
Tuesday, July 12, 2011 12:01:02 PM
I love W.B, I happen to work for a berkshire hathaway company, and he treats his employees well, offers great benefits, and has pledged to give away 99% of his wealth by the time of his death. He's a good guy with invaluable investment knowledge.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 8:54:44 PM
Thank you for agreeing

T-Marley
Male, 70 & Over, Eastern US
 600 Posts
Saturday, July 09, 2011 7:20:26 PM
Sach, you're right.

Warren Buffet, that evil strong-arm dictator. If he hadn't made himself rich those totalitarians of Africa wouldn't have any reason to exploit their subjects...

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 7:01:51 PM
Yet Cyberdyne calls moi racist. When he doesn't give a rat's ass about a 5 year old African boy working all day for nothing and vbarely a meal.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 7:00:18 PM
So T-Marley you idea is to horde the money and not put it back into circulation. Thus killing economic recovery. You invest to make make money for the future.

Your idea of teaching a man to fish is right. However it's not looked at properly. People will work they just need to see the lake stocked with fish (fish being jobs). When you horde and don't invest then nothing prospers.

Kids 5 years old in the Ivory Coast are taught how to do a job (fish). It's called picking Cacao under a gun. They are not paid because the rich don't want to invest with principle in mind. They want it all for free. Yeah they shouldn't have to spend their hard earned money for selling you a Snickers bar.

T-Marley
Male, 70 & Over, Eastern US
 600 Posts
Saturday, July 09, 2011 3:21:38 PM
If you have a huge portion of credit card debt, is it the fault of the rich? If you have a house that is beyond your means, or a car that is too expensive for what you make, is it my fault?

And if someone comes and pays all of someone else's debts off, is it going to teach them financial responsibility? No, it is just going to enable them to go out and get more debt, and start the cycle all over again.

While your proposal is altruistic and noble, it gives people a fish, it doesn't teach them to fish. And while you hate on American opulence, in absolute terms the USA gives over twice as much money as the next country on the list, and that doesn't include foreign aid, or private contributions...

xCYBERDYNEx
Male, 18-29, Southern US
 4799 Posts
Saturday, July 09, 2011 3:08:50 PM
@Sachi001 "Still clueless about life huh?"
considering the mindless racist bullsh*t you've already been called on before, I find it hilarious that YOU would call anyone clueless.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 2:22:59 PM
DOne with rant sorry mods. I'm going to clean the house now.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 2:22:22 PM
Ah.. but no we can't do that. Can we? We must bow to the rich who make billions off the taxpayer funded projects. Awarded through favors from Washington through contributions. All the while sucking our hard earned money to line their pockets. keeping and forcing you more and more into debt and causing you to not reinvest and be charitable. They have you simpletons fooled. Wake up you are manipulated from what it is to be in selfless service toward your fellow humans beings.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 2:17:49 PM
Here's a little insight how to solve economic problems . Rather than the wealthy like WB gather the money of the taxpayer (go look where most of his income came from). Do this:

Take the money in their local respective areas and along with the government reinvest in the human being. Such as:

Those under making $300k or higher a year don't qualify. Those under;
Pay off the mortgage on the home if under $250k
Mortgage defaults taken care of!

Pay off the primary family car.
Auto industry will get new orders and a resurgent and banks will not have to repo and are paid off.

Credit Cards paid off.
Again banks saved from defaults

All of the above would save on banks losing out. Have income to loan and not ask the taxpayer for bailouts.

The consumer would have money to reinvest in business by spending, be out of debt, pay better taxes, ans support charities.

Then the wealthy could make money again off legit business

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 2:07:02 PM
@T-marley
Well brother I don't make 50 billion,
but if I did I would give it all as an example of Christlike Charity. Which I see many fail to grasp yet proclaim they are a follower.

Second I do get by after giving to charity with what I have. Because like most first world countries we have a sh*t load more wealth than 40% of those sleeping on the streets of India. Next time when your playing with all your big boy toys and you could have spent maybe $500 on helping someone. I don't need a $30k gas guzzling truck or SUV. I don't need an XBOX. I don't need an iPhone etc... I would rather invest in human resources. Buffet does not. He would rather cling onto it.

When the first world hits rock bottom and goes into hyper-inflation and your broke. Then you selfish jackasses will see the light. Ingratitude to what you have blinds your soul.

vetteguy007
Male, 18-29, Southern US
 48 Posts
Saturday, July 09, 2011 1:52:56 PM
The government is almost a waste to society on its own. The government has no competition except to do whatever they want to do and they make up the rules as they go. They want to do something they make it a law. The problem with the government is that it is ran as a bureaucracy and not as a business. Business savvy guys are too smart to become involved in politics because they can make more money running their own companies. The average American trying to make a living is too busy to keep up with the government and the government takes advantage many times by passing unnecessary regulation behind the backs of unsuspecting citizens. The government is so wrapped up in spending money they can't stop. Nobody wants to give anything up but they sure enjoy spending money. Everybody has had to tighten cut back and I wouldn't see the government is any exception to the rule. Their reckless spending and inability to act promptly to fix the issue may have us paying for a long time.

T-Marley
Male, 70 & Over, Eastern US
 600 Posts
Saturday, July 09, 2011 12:30:37 PM
Sach, I mean come on! Envious much? He earned his money, and gives swaths of it away. He has given more money than most of us have made in our lives to date. Who are you to judge him? Because he is successful he is responsible for fixing all the problems in the world? You think if he gives 10bill to Mexico to stop human trafficking that money will make it to the victims?

For all of those hating Mr. Buffet because of his success, do us a favor: Go make 50 billion and give it away, then you have a right to tell them how to spend their money. Also net worth is not liquid cash.

Everyone has the ability to accumulate wealth, stop expecting other rich people to do it for you. How many success stories start in poverty? Lincoln. Gates. Ford. Edison. JK Rowling. Schwab. The list goes on and on.

Zeegrr60
Male, 40-49, Eastern US
 1951 Posts
Saturday, July 09, 2011 12:29:21 PM
I can solve it in one second.It's called "military cuts"

Tekinette
Male, 30-39, Europe
 270 Posts
Saturday, July 09, 2011 11:31:58 AM
I can end the deficit in 5 min aswell, doing it without ruining the entire economy is another thing...

5Cats
Male, 50-59, Canada
 25660 Posts
Saturday, July 09, 2011 8:52:48 AM
After WW2 the government allowed INFLATION to rise, thus effectively lowering the amount of debt over a few years. A 1945 dollar was borrowed, but in 1950 it was paid back at $0.75 or less.

Run a deficit and not be allowed to get re-elected? Sounds GOOD to me!

ukulelemike
Male, 40-49, Western US
 129 Posts
Saturday, July 09, 2011 8:40:49 AM
His argument of comparing the current conditions to after WW2 are completely false-not necessarily in the numbers, but in the conditions of the nation-at that time we had far more freedoms that encouraged entrepreneurship, which helped the nation get back on their feet-we could grow and sell our own produce and meat and mile and eggs, we could open stands on the street, we could do all kinds of things that helped the individual make money, which helped the nation as a whole. Today, the government restrictions are so severe that we can no longer do this, without meeting massive financial requirements, paying fees for licenses and permits, endless inspections by government agencies, environmental concerns and the like. We have been regulated out of the ability to fix the economy, and so everyone expects the government to fix it all, since they have taken away our rights to do so. No more life, liberty and pursuit of happiness, unless it is government approved.

Cajun247
Male, 18-29, Southern US
 10272 Posts
Saturday, July 09, 2011 5:54:55 AM
I didn't hear any real solutions.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 3:25:44 AM
Still clueless about life huh?

xCYBERDYNEx
Male, 18-29, Southern US
 4799 Posts
Saturday, July 09, 2011 2:33:44 AM
@Sachi001
Warren Buffett-
"I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die."


Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 1:17:54 AM
The same goes for all thise asswipes on that Forbes list.

Sachi001
Male, 30-39, Asia
 598 Posts
Saturday, July 09, 2011 1:16:35 AM
@jamie76
WB gave 30 billion to the Gates foundation in 2006 and some to other charities. In 2011 by Forbes he has amassed still 50 Billion.



Now you cannot tell me honestly that living on 1 billion is not enough? He can give the rest away now, and do some good for others then wait until he kicks the bucket. Heck he may live another 20 years. Meanwhile kids are enslaved by warlords in the Ivory Coast to pick Cacao for your Snickers bar as young a 5. How about 12 year girls kidnapped. Forced into prostitution in Mexico such a Tijuana, so drunk ass college frat boys scour over the border to get laid for $20.00 per hour.

You want me to go on a rant. Dumbass greedy retards just don't get it do ya! Moral social responsibilities because he built his wealth on the backs of others sweat, so he freaking owes big time.

http://www.for

jamie76
Male, 30-39, Western US
 2350 Posts
Friday, July 08, 2011 11:04:11 PM
Sachi001,

He's turning over nearly 80% of his wealth...what else do you want? The gates foundation does amazing work around the world and is far more effective than most other NGO's.

Sachi001
Male, 30-39, Asia
 598 Posts
Friday, July 08, 2011 9:16:49 PM
@Palegallow
Nothing wrong with keeping some money for yourself and family. However his riches are obscene. He could do more than just turn over some to the Gates Foundation. He could help against Human slave trafficking or those who need life saving medical treatment that can't afford such costs etc...

He is a net worth of 45 billion and is 80 years old. I mean come on! You mean to tell me someone can't live on a Billion let alone a 100 million? What's he waiting for? He's not got a long life left, and he's not gonna take it with him. He already said he's not leaving it for the children. Do some freaking good with it. He just hangs on to his wealth just for spite. That just pisses me off when your blessed with such and horde.

simbha
Male, 30-39, Southern US
 412 Posts
Friday, July 08, 2011 9:14:25 PM
@auburnjunky:
"Debt when Obama took office = 2 trillion.
Debt 2 years later = 14 trillion."

From where are you getting these figures? The audited figure for fiscal year 2009 (the year Obama took office) was $11.898 trillion. The audited figure for fiscal year 2010 (2011 isn't over yet) was $13.551 trillion. An increase, yes - but nowhere near what you've indicated.

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