spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
spaceguy said:
So Warren Buffett came out and called out the elephant in the room.
Buffett noted that the mega-rich pay income taxes at a rate of 15 percent on most investment income but practically nothing in payroll taxes. The middle class, meanwhile, typically falls into the 15 percent and 25 percent income tax brackets and is hit with heavy payroll taxes. He said Washington legislators “feel compelled to protect us, much as if we were spotted owls or some other endangered species.”
http://newsok.com/warren-buffett-calls-for-mega-rich-to-pay-more-taxes/article/3594850
So the rich are even coming out and calling out the politicians to stop protecting billionaires.
What do you think after reading this article? So I ask all of you Republicans what are your points now that the rich come out and confirms some of the left views on this site?
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This isn't exactly new for Warren Buffet.
Interesting you'd consider one rich guy "The rich" though.
I guess the dozens of rich people and ceos that disagree with him don't matter?
I think Warren Buffet is the smartest investor in the market, but he tends to say things he can't really believe when it comes to politics. For example he said the US should keep it's AAA rating because the US can always pay debts by printing more money.
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Ok , we have no problem selling our bonds. That wasn't the problem. Second, all the numbers show that this is the problem, that the rich don't pay there fair share. Deregulation of bizz , wall st and the wars bush started while cutting taxes for the most wealthy. You can't have a war if you don't plan to pay for it, lets not forget that there was no weapons of mass destruction and that was all for show. It was really greed that lead us there. Third, I have read you comments on this, you really don't seem to know your facts very well. Forth lets not forget the republicans first goal, getting obama out as a first term president and no matter if it destroys the economy or not. For people that actually payed attention to the legislation that would have pulled us out of this mess, The republicans Filibustered every single piece of good legislation that would have helped this economy. Tea party and republicans down graded us. WE HAVE NO PROBLEM SELLING THE BONDS. Only people who have no clue bring up republican talking points such as you have. If you don't see this, you are truly blind to the facts and they are easy to find. GREED is the problem. Republicans are 10 trillion of all this dept/ from reagan to now. So they are good at playing the blame game but the numbers don't lie.
GUY COMES OUT THAT IS NOT GREEDY AND SAYS WORDS OF TRUTH AND YOU SPIN HIS WORDS. YOU SAY "HE IS A SMARTEST FINANCIAL INVESTOR AND THEN IN THE SAME SENTENCE GO ONTO SAY," HE DOESN'T NOW WHAT HE IS TALKING ABOUT IN FINANCIAL DECISION MAKING". You took his words out of context, he didn't say forever and also has said to balance on fair taxes. Uncertainty is a hugh deal and when you play god with the dept ceiling. Meaning crashing the U.S. in the worst mess it could imagine, people seem to pay attention. S&P.
Peace be with you. I have heard all your talking points. So no offense but no need to repeat republican talking points we hear on fox news. I trust fox news always has the truth.
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Actually I was thinking more CNBC. AKA the one news channel run by people who actually know shit about the economy... and sister station to MSNBC, the leftwing equivlent of Fox News. There facts figures and numbers disagree... and are actually real.
It's also kinda weird to ask to not hear talking points when your entire post was nothing but talking points.
The reason we have a huge deficit is because we're spending more then we're taking in... and it's only partial due to the wars. You could end all wars, and hell close down all US Military bases overseas. (Things i'd want by the way) and you'd STILL have a huge deficit problem.
You could do all that and tax the rich like Warren Buffet wants, and you'd STILL have a huge deficit problem.
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Well 8 years of republicans destroying the economy won't solve over night. Bill clinton did it with most of these ideas. So seems you are wrong. We had a surplus with Bill. SO keep on going on about going on.
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No we didn't.
Feel free to look it up.
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Worth noting that the deficit increases didn't start with Bush... they started with Clinton's last year.
You know how he did that? By "borrowing" mass amounts of money from social security. Which doesn't count on the national budget sheets. That's right, Bill Clinton "raided" social security.
Clinton also had a couple of bubbles to help him out. Well three actually, the Stock Market Bubble, the Housing Bubble and the .Com Bubble.
Which then burst... leading to economic problems.
You are essentially giving Clinton credit for the problem that caused the economic downturn.
Might not want that.
I mean, i give clinton credit for not adding to the problem... but not for benefitting from three bubbles, because I don't believe he personally created them.
Aside from which.... Clinton and Obama's economic polcies are nothing alike. Clinton was actually fairly fiscally conservative as a Democrat. You could argue he was more Fiscally conservative then Reagan was.
I mean, Clinton signed the "Financial Services Modernization Act". Along with some other deregulation bills.
Which repealed Glass-Steagal... which is what a lot Democrats blame the housing bubble on.
Which by the way, was voted for heavily by BOTH sides of congress. (Though republicans more heavily. 3-1 for it by Democrats though.)
