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Warren E. Buffet Bitch-Slaps His Fellow Richies

Hits: 13730 | Rating: (3.0) | Category: News & Politics | Added by: fancylad
Page: 1 2 3 Next >   Jump to: Bottom    Last Post
Altaru
Male, 18-29, Eastern US
 3500 Posts
Friday, August 19, 2011 11:20:11 PM
So you're saying that a man doesn't have the right to exist for himself i.e. he exists to serve a collective (e.g. other people, governments) as a slave.

If he wants to earn money, a man has to work for someone. Whether it be a collective of people or a specific individual, any man who earns money works for someone. The only man that doesn't work for someone is the self-sufficient man living in the woodlands who doesn't need a paycheck or human interaction.

When that someone, or collective of someones (in this case the entire country), has less money to pay the man, he takes a cut in his pay to lower costs. Or he gets laid off (in this case, see getting out of the country).

It works that way for every other employee of any other company or person. Why doesn't it work that way for the rich people?

BluishOrange
Female, 50-59, Canada
 87 Posts
Friday, August 19, 2011 9:47:08 PM
that category.

BluishOrange
Female, 50-59, Canada
 87 Posts
Friday, August 19, 2011 9:44:08 PM
M. Archer, nobody earns a billion dollars on his (or her) own, or a million either. In the first place, he receives the upbringing and education to make it possible, either because he's born to personal fortune that others earned before him, or because he's lucky enough to grow up in a country that collects taxes to educate its citizens. In the second place, he relies on the labour of others to "create" his wealth. I work eight or more hours a day to earn my living, and in the process, I "create wealth" for my very, very wealthy employers, as do many, many others. I pay tax in the top margin on a slim portion of my earnings, and I consider myself fortunate (although I'm just getting by). I never complain about paying my taxes, because I believe in the collective good. If tax revenue is ill spent, it exasperates me, but paying taxes doesn't anger me; and I have my own notions of what "ill spent" means. Supporting the arts, for instance, does not fall in tha

Groogle
Male, 30-39, Canada
 2180 Posts
Thursday, August 18, 2011 1:24:09 AM
Buffet's a joke.

Groogle
Male, 30-39, Canada
 2180 Posts
Thursday, August 18, 2011 1:23:07 AM
Most wouldn’t mind being told to pay more in taxes as well = They don't mind if you tell them but don't actually raise their taxes because it's going to hit the fan
particularly when so many of their fellow citizens are truly suffering = Like they give two s&%t


Groogle
Male, 30-39, Canada
 2180 Posts
Thursday, August 18, 2011 1:21:21 AM
"I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering."

I'm laughing to tears here. The brain is really mush under that dead animal on his head.

They are decent people = opinion
They love America and appreciate the opportunity this country has given them = Especially the opportunity
promising to give most of their wealth to philanthropy = As long as they can claim that money back with tax relief
Most wouldn’t mind being told to pay more in taxes as well = They don't mind if you tell them but don't actually raise their taxes because it's going to hit the fan
particularly when so man

M_Archer
Male, 18-29, Canada
 529 Posts
Wednesday, August 17, 2011 10:43:46 PM
@Altaru: So you're saying that a man doesn't have the right to exist for himself i.e. he exists to serve a collective (e.g. other people, governments) as a slave. He doesn't have the right to use his money that he earned in any way he sees fit.

Your last paragraph is the classic Argument by Dismissal fallacy; you're not convincing anyone.

patridiot
Male, 30-39, Western US
 120 Posts
Wednesday, August 17, 2011 12:51:48 PM
If it hasn't already been mentioned in this forum, the 400 wealthiest US citizens have more money than over 50% of the US population combined. This can't be good for any economy, can it?

Altaru
Male, 18-29, Eastern US
 3500 Posts
Wednesday, August 17, 2011 8:29:59 AM
Every man earns what he's paid, but only because someone (in this case, the people) is willing to pay him.

And just like a company, when the people have less money to pay, EVERYONE has to take a pay cut.

Just because you reach the top of the hill, regardless of how you do it, doesn't mean you should be safe when the hill starts collapsing.

If they don't want to help America out of the mess, then they can get the hell out. After all, they have the money to afford it, right? Just like companies and products, if they don't like it they don't have to buy it. If they don't like America, they don't have to live here.

M_Archer
Male, 18-29, Canada
 529 Posts
Tuesday, August 16, 2011 11:34:10 PM
@BluishOrange: "Pay back" implies that they took something. Warren Buffet, Bill Gates and Steve Jobs never took anything--they CREATED their wealth. They rightfully earned it.

The only people who can "pay back" are thieves; I think it's immoral to equate thieves with successful businessmen.

BluishOrange
Female, 50-59, Canada
 87 Posts
Tuesday, August 16, 2011 9:29:45 PM
Rich people wouldn't be rich if they didn't have healthy, educated people to employ. Well, that's not true. Lots of people have got rich on the backs of diseased and ignorant slaves. But who wants to live in a world where where the next Warren Buffet dies in the gutter? The wealthy should gladly and thankfully pay back, with interest, what they have been in the privileged position to withdraw.

M_Archer
Male, 18-29, Canada
 529 Posts
Tuesday, August 16, 2011 8:06:10 PM
@MichaelBored: Are you going to explain why rightwingers are stupid, or are you going to continue with your Appeal to Ridicule fallacy?

Damn, I was CLEARLY within the 1000 character limit.

Anyone who proposes to introduce additional taxes or opposes tax cuts for the wealthy (or anyone, for that matter) explicitly and implicitly declares that the money is his to use (or in this case, the government's).

People like Altaru are declaring that it's their money they're talking about i.e. they're treating their fellow human beings as slaves.

Also at the end of the article he says, "shared sacrifice"? I can see how people would think he's a socialist.

Isafan
Male, 18-29, Midwest US
 245 Posts
Tuesday, August 16, 2011 7:57:32 PM
I'm wondering why we're taxed so much. I'm not poor, nor rich... but I thought about it the other day... EVERYTHING is taxed. EVERYTHING. Where's all our money going to? And why? For what? I live in Minnesota where the state shut down for 3 weeks... they lost millions in revenue and are now wanting to tax more. I just don't get it...

It's like a bully at school that keeps making me give him part of my lunch money. I'm the one that worked hard and did my chores so I could buy ice cream along with my lunch :( Ya big bullies...

M_Archer
Male, 18-29, Canada
 529 Posts
Tuesday, August 16, 2011 7:56:50 PM
I heard that the top 50% of rich people pay 96% of all taxes (I could be wrong about this). The people that are against tax cuts for the wealthy aren't for justice--they want to redistribute the wealth and forcibly take it from the hands from those who earned it, from those who don't.

I think that's fine that Warren Buffet wants to give more of his hard-earned money away; what bothers me is that he thinks it's HIS place to tell other people how to use their money.

@Altaru: What bothers me is that you're telling the rich man what he needs and what he should do with his money--you're speaking as if that's your money to use. If the rich man wants to donate his money that he earned to charity or spend it on his twentieth yacht or mansion, that's none of your damn business; he earned it, he's rightfully entitled to every single penny.

@MichaelBored: Are you going to explain why rightwingers are stupid, or are you going to continue with your Appeal to Ridicule fall

Altaru
Male, 18-29, Eastern US
 3500 Posts
Tuesday, August 16, 2011 4:53:42 PM
A flat tax rate across the board would NOT be fair to the lower class.

Think about it. Set it at 10%, perhaps.

Make $10 million: pay $1 million.

You still have $9 million to do whatever you want with. That's enough to pay just about any bills unless you're trying to live beyond your means even if you kept the whole $10 million.

Make $10,000: pay $1,000.

You're left with $9,000. It's pretty hard to live on $10,000, and for low-income families an extra thousand a year can make a HUGE difference.

Imagine if you were to crank the percentage up. Make it 25%. That's $2.5 million out of the rich man's pocket, which means *gasp!* no new mansions this year, but everything he NEEDS is covered, with plenty of money left over to, maybe, invest and make more money. On the other hand, that's $2,500 out of the poor man's pocket, which means big sacrifices just to survive.

MichaelBored
Male, 40-49, Eastern US
 219 Posts
Tuesday, August 16, 2011 2:44:10 PM
Meanwhile, Fox News Clown Eric Bolling thinks Warren Buffett is a socialist.

Rightwingers. We wouldn't make so much fun of them if they weren't so f*@%ing stupid.

Fatninja01
Male, 18-29, Australia
 24492 Posts
Tuesday, August 16, 2011 2:12:13 PM
We shall see...

Gerry1of1
Male, 50-59, Western US
 33910 Posts
Tuesday, August 16, 2011 11:52:03 AM

It's easy to confuse this issue by grinding numbers out as if they meant something. Take a tax rate that sounds high but don't bother listing all of the deductions and write-offs that are only available to the rich.

And the end of the tax cycle, the check they write, while a bigger number, is a smaller percentage of their income.

Thetas
Male, 18-29, Western US
 1552 Posts
Tuesday, August 16, 2011 11:14:12 AM
@random882
Instead of income tax and sales tax, have them both fall under sales tax.

grindinblade
Male, 18-29, Eastern US
 229 Posts
Tuesday, August 16, 2011 10:29:27 AM
First a flat tax is not fair, as 80% of economist agree a progressive tax is necessary because it will ease stress off of low income families who can barely afford rent+food+ utilities, while also maintaining a healthy revenue for the government.

Second buffet is arguing for an increase in capital gains taxes, which are taxed at a very low rate. He also believes there should be increased tax rate for those making millions (not 250k).

From 93-2000 the tax rate for about 370k income was 39.6%, that is now 35% after Bush's tax cuts. This 4.6% tax difference is the largest cut among all tax brackets.

Finally a point on distribution of income/taxes. In 2010 the top 1% of earners made 20% of total AGI and paid 38% of taxes. The top 10% made 45% of total AGI and paid 70% of taxes. The bottom 50% of americans made 12% of total AGI (less than the top 1%) and paid 2.7% of national taxes. While some may argue the taxes on rich is to great, so is their income.

Gerry1of1
Male, 50-59, Western US
 33910 Posts
Tuesday, August 16, 2011 9:43:18 AM

Warren Buffet is not the only rich patriot.

Rich people and corporation that don't want to pay some tax to get the country out of this mess are short sighted. In the long run, their greed hurts them.
Wealth For Common Good org

But if they were taxed more, does anyone believe that Congress would use the money wisely? I don't.

grindinblade
Male, 18-29, Eastern US
 229 Posts
Tuesday, August 16, 2011 9:20:02 AM
While Buffet's salary income from 2008 was 100,000 his profits from capital gains and dividends is far more as this is where the majority of his wealth comes from. I believe that is his point, we tax capital gains at only 15%, and large hedge fund managers then only need to pay 15% on the millions of dollars as it is mostly due to investment.

random882
Male, 18-29, Eastern US
 327 Posts
Tuesday, August 16, 2011 8:53:44 AM
gerry 1 of 1 makes a few good points..
1: flat tax is fairest of all taxes...
2: believe a man that has billions of dollars or some schmucks on IAB...

McGovern1981
Male, 30-39, Eastern US
 13246 Posts
Tuesday, August 16, 2011 7:14:01 AM
Gee thanks Bil and Warren for helping out all those other poor countries while watching the one that helped make you filthy rich spiral down the sh**ter cause you outsourced to China!! HEY EVERYONE LETS BUILD GOLDEN STATUES OF THESE GREAT PEOPLE!!!!!

dang007
Male, 30-39, Southern US
 587 Posts
Tuesday, August 16, 2011 7:00:12 AM
15% tax rate that higher than I pay and I am in a pretty high bracket. If Buffet feels so guilty, then he can cut a check today. Otherwise he is just a typical liberal trying to make himself feel superior to others by taking what they have.

>More nonsense from someone who doesn't do any research. Warren Buffet earns a salary of $100k a year. At least he did in 2008. Google is your friend. Use it.<

Then his tax rate on that $100,000 is the SAME tax rate as anyone else pays. Thus he is NOT getting some secret special deal for the rich.

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