The Rich Get Richer

Buffett is a joke. He can pay as much tax as he wants. He can pay 100% if he wants. All his public statements lamenting his low tax rates are silly. Buffett's company, Berkshire Hathaway, has been fighting the IRS in court for years over a billion dollars in back taxes. l Originally Posted by joe bloe

One man, no matter how rich, donating money to the government doesn't address the problem Buffett decries.

Nothing would be reformed if he donated 100%.

He plays by the rules, which is believes unfairly advantage his CLASS, and until the rules are changed all those not in his class will suffer.

did you really ask that question ?

damn joe, thats about as sophomoric as it gets? Originally Posted by CJ7

It's really more of a rhetorical question, since the answer is so obvious. He's a phony. He just likes to tell everyone how he want's to pay higher taxes, so they'll praise him for being such a swell guy. In reality, he likes keeping as much of his money as possible, just like everyone else.

I also don't think that paying a "paltry" million or so bucks should be considered not a fair share, but then again we probably have a BIG difference of opinion about what is "fair".


.
Originally Posted by The2Dogs

Yea if you think 13% is fair , we do have a huge difference.

If a man can keep the leeches from sucking his blood, I applaud him.
Originally Posted by The2Dogs

Hey 2Dogs, if you do not mind making up the difference that these 'wealth creators' avoid paying by having Congress write very specific laws for this kind of earnings....well then have at it.

That is the problem with giving wealthy men like that huge tax breaks, it encourages people like myself who can not afford to wine and dine congress to just out and out cheat.

It's really more of a rhetorical question, since the answer is so obvious. He's a phony. He just likes to tell everyone how he want's to pay higher taxes, so they'll praise him for being such a swell guy. In reality, he's likes keeping every penny of his money, just like everyone else. Originally Posted by joe bloe

joe you can not be this dense...he advocates that all people in his class of wealth be taxed at a higher rate.

He is smart enough to know that it is people like you and me that will have to make up the difference.

Now I am not saying that the super wealthy could pay off the deficit with a higher tax rate but if you have idiots defending their low tax rate and turn around and bitch about poor people's low to no tax rate....well then that is the ranting of a fool.

Hey, whoa!

What just a damn minute, here, kimo-sabe!

Suddenly, I am the idiot demagogue in this conversation because of my views?

You've got that backwards, buddy, but that seems to be your general MO.

Of course, people go into business to make money. No one denies that.

There is nothing wrong with making money and I certainly enjoy making money myself.

However, there is a huge difference in how you make that money.

People who make useful products and provide useful services are invaluable to the general welfare of the country and the economy and I applaud their hard work.

However, there are other unsavory types of people who make money at the expense of other people. Loan sharks, credit cards, bill collectors are some that come to mind. Bain Capital is at the top of that heap with their practices of buying troubled companies and selling off the assets and firing the people.

I will admit that in the jungle, there is a place for the scavenger. Scavengers are like the garbage collectors of the jungle, but frankly, I see nothing admirable in them. The examples you cited were exceptions, not the rule. And yes, I know where President Obama first kissed Michelle, but that is hardly relevant here.

The work I do, helps society and helps the economy to keep humming and I am proud of my contribution.

I have also unfortunately, sometimes had to fire people, but it was a heart-wrenching experience for me which I did out of necessity and certainly did not enjoy it.

Furthermore, when it comes time to pay my taxes, I will hold my nose and pay 28% of my hard earned sweat, not just a measly 13% because I hid most of my money in offshore accounts or hired clever accounts who could legally screw the country out of their share of the income.

. . .That is not patriotic and that is not what I expect of a man who aspires to the highest office in the land.

Fast Gunn, the only reason, and I repeat, the ONLY reason people go into business is to MAKE MONEY. It's not a crime, and it is not a character flaw. Most of the companies purchased by Bain Capital succeeded or lasted longer than they would have normally. Sometimes, if a company is not making money, it needs to close. That happens. In fact, that is the only thing you can do with a company that is losing money.

Like an old car. You might make some money if you sell off the parts. You're an idiot if you think Romney started Bain Capital to go around and buy businesses just to close them. Tell that to Staples, or Baskin-Robbins (Where Barack and Michelle first kissed), or Dominoes Pizza. And as far as firing people, if they aren't doing the job, then fire them. No one who is productive, and doing a necessary job at a cost that is less than what the employee makes for the company will be fired. Only for insubordination would that happen.

Sometimes struggling companies are overstaffed, and the boss doesn't have the balls to trim the labor force to where it's manageable and profitable. If firing some employees will save the company, then yeah, that might be fun. Not the firing of the employees, but saving the company can be fun.

Even Bill Clinton respected what Romney did with Bain Capital. You're an idiot demagogue to repeat the Obamatic Lie Machine printout on Bain Capital. Research, and learn a little for your yourself. You might not sound so stupid. Originally Posted by CuteOldGuy

Hey, whoa!

What just a damn minute, here, kimo-sabe!

Suddenly, I am the idiot demagogue in this conversation because of my views?

You've got that backwards, buddy, but that seems to be your general MO.

Of course, people go into business to make money. No one denies that.

There is nothing wrong with making money and I certainly enjoy making money myself.

However, there is a huge difference in how you make that money.

People who make useful products and provide useful services are invaluable to the general welfare of the country and the economy and I applaud their hard work.

However, there are other unsavory types of people who make money at the expense of other people. Loan sharks, credit cards, bill collectors are some that come to mind. Bain Capital is at the top of that heap with their practices of buying troubled companies and selling off the assets and firing the people.

I will admit that in the jungle, there is a place for the scavenger. Scavengers are like the garbage collectors of the jungle, but frankly, I see nothing admirable in them. The examples you cited were exceptions, not the rule. And yes, I know where President Obama first kissed Michelle, but that is hardly relevant here.

The work I do, helps society and helps the economy to keep humming and I am proud of my contribution.

I have also unfortunately, sometimes had to fire people, but it was a heart-wrenching experience for me which I did out of necessity and certainly did not enjoy it.

Furthermore, when it comes time to pay my taxes, I will hold my nose and pay 28% of my hard earned sweat, not just a measly 13% because I hid most of my money in offshore accounts or hired clever accounts who could legally screw the country out of their share of the income.

. . .That is not patriotic and that is not what I expect of a man who aspires to the highest office in the land.
Originally Posted by Fast Gunn

If by some miracle, you were worth 200 to 300 million like Romney, you'd minimize your taxes just like Romney does, and pretty much, every other super rich person.

Like a lot of very rich people, Romney gives a lot of money to his church and to charity. Romney inherited a sizable amount of money, when his father died; he gave all of it to charity. Churches and charitable organizations do a lot more good with the money contributed to them than the government does with the money they confiscate.

Romney puts some of his money in offshore bank accounts in order to get a higher interest rate on the money. It's perfectly legal. Several people in Obama's cabinet also have money in offshore accounts. You probably would too if you were rich.

FastGunn, joe blow will never get it. He wants to bitch about the deficit and defend the super wealthy's loopholes in our tax laws.

It is like Jimmy Swaggart preaching against the sins of prostitution on one hand and slipping in the back door of the whore house on the other!

It is like Jimmy Swaggart preaching against the sins of prostitution on one hand and slipping in the back door of the whore house on the other!

Originally Posted by WTF

It was a cheap no-tell motel, and he just wanted to "watch".

FastGoon, as usual, you didn't read, nor did you understand my post. You are too Obatamized to listen to any reason. We all get that your job is noble and right, and the rest of us are just greedy bastards. If that makes you feel better, fine. But it's bullshit.

And as far as that phony Warren Buffett is concerned, he won't willingly pay higher taxes, any more than anyone else. He just says that stuff because it gets him invited to nicer parties when he is on the East Coast. But he is full of shit, as well.

Well, if anyone knows really knows bullshit inside and out, it is certainly you, old geezer.

You sling the manure out by the cubic yard now, but you don't even notice the smell anymore.

Warren Buffet was making a valid point when he complained about the little amount of taxes he paid compared to his secretary.

Someone of that stature does not make such a statement of that magnitude casually on national television without expecting to live up to it if such a law is enacted.

. . . You, on the other hand, will say any kind of outrageous garbage merely to gain attention knowing full well that your anonymity will shield you from accountability.

Fast Gunn, as usual, you didn't read, nor did you understand my post. You are too Obatamized to listen to any reason. We all get that your job is noble and right, and the rest of us are just greedy bastards. If that makes you feel better, fine. But it's bullshit.

And as far as that phony Warren Buffett is concerned, he won't willingly pay higher taxes, any more than anyone else. He just says that stuff because it gets him invited to nicer parties when he is on the East Coast. But he is full of shit, as well. Originally Posted by CuteOldGuy

If I only wanted to gain attention, I would use multi-colored fonts and italics much more frequently.

I'm a working stiff and I pay 28% of my income to the government. If you make $250,000 or more a year quit fucking bitching about having to pay the SAME Fucking tax rate you paid under Bill Clinton 10 years ago. We're talking about going from 36 to 39% but wait, that's not the real issue....the real issue is "passive" income that is where the really rich earn their dough. God bless 'em...they pay 15% on dividend income now and capital gains..that will go away when the Bush tax cuts end on 12/31/2012...Congress is paralyzed and won't act but guess what will happen...the rich will still be rich...Federal Revenue will go up and the deficit will shrink....hmmm, maybe that is why the stock market has enjoyed a stealth rally? Imagine...everyone pays a bit more in taxes (revenue to the fed govt for hospitals, highways, schools, libraries, police and fire, etc) and mandated cuts go into place and lo' and behold in a short 10 years we balance the budget and eliminate the deficit. What a wonderful world it is.....in my imagination.

Well, if anyone knows really knows bullshit inside and out, it is certainly you, old geezer.

You sling the manure out by the cubic yard now, but you don't even notice the smell anymore.

Warren Buffet was making a valid point when he complained about the little amount of taxes he paid compared to his secretary.

Someone of that stature does not make such a statement of that magnitude casually on national television without expecting to live up to it if such a law is enacted.

. . . You, on the other hand, will say any kind of outrageous garbage merely to gain attention knowing full well that your anonymity will shield you from accountability.


Originally Posted by Fast Gunn

It's been established that Buffet's secretary is a 1%er, so -- according to Odumbo -- she is paying her fair share even if Buffett disagrees.

I still think we'd all be better off if we had a tax system that didn't foster class envy and demagoguery.

The simple answer to the question of f"making up the difference" is for government to get smaller and spend less money.

YOu look at things in percentages and I look at thingss in dollars.
I pay more in taxes than hafl of the people make because I earned it. Id id not have not and will not recieve a greater percentage of government services or assistance thatn the person that pays nothing. The federal government had absolutely nothing to do with my success in life. All of the people that I have worked with for and employed have been well compensated for their efforts and many are just a successful as my slef.


What is fascinating is that those of you on the left attack an individuals work and prosperity and ignore what the government is doing with the 13% that he paid. The man pays what he is obligated to pay under the tax code and does with his earnings that have been taxed as he sees fit which is solely his business and not the business of anyone else including and especially not the government.

The money that the man invests in business does far more to help this nation than the amount of taxes that he pays.The government is the worst steward of our tax dollars and based on the deficits our children's and grand-children's and great grand-children's. The answer is not more taxes but a government that is under control and operating within the means of the people.