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Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by apdst View Post
    Deductions are strictly voluntary. I would like to know how many folks in the, "please, raise my taxes", crowd voluntarily don't take deductions.
    What a lame response. It isn't that Buffett wants to pay more, he is voicing his opinion on how unfair the tax rates are for the middle-class - something that conservatives don't seem to grasp in an effort to stay in step with their millionaire leaders.

    Anyone that doesn't understand how to pay more taxes, on their own, doesn't know much about the tax code.
    Doesn't surprise me that you miss the whole point.


    Take fewer deductions...boom!...you pay more taxes.
    Brilliant, in the meantime our country is suffering, your leaders want to protect their money, and you don't mind footing the difference, that is, unless you are one of those millionaires.



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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by j-mac View Post
    The point is that once Obama loses this next election they will fade into the background again.

    j-mac
    Ha,ha, and which of the three critters do you propose is going to beat Obama?

    Last edited by mertex; 11-27-11 at 05:31 PM.



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Neomalthusian View Post
    That's not what "leading by example" is. Leading by example means leading with your actions. And for the record one more time:

    Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002

    If I say "people should grow as much of their own food as possible," and I don't grow any of my own food, am I leading by example by expressing that opinion?


    It amazes me that, at a time when the resentment toward the very rich has perhaps never been higher, one extremely rich guy can come out and say, with his hands in the air, "hey, I support higher taxes" and immediately the left wing believes him and is thankful for his spirit of generosity and can't see through the BS that this is a self-preserving PR move.
    Your argument would hold water if Buffett was saying that wealthy people should voluntarily pay more in taxes, but that's not what he's saying and your argument does not hold water. He isn't holding himself out as a role model. He's saying that, as a matter of pubic policy, the rich should be required to pay higher taxes.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    Raising the caps on FICA should suffice.
    Why, any cutoff makes payroll taxes regressive. Not sure why people want to cling to a seperate set of taxes.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by AdamT View Post
    Your argument would hold water if Buffett was saying that wealthy people should voluntarily pay more in taxes, but that's not what he's saying and your argument does not hold water. He isn't holding himself out as a role model. He's saying that, as a matter of pubic policy, the rich should be required to pay higher taxes.
    I'm pretty sure people can't voluntarily pay more in taxes than they owe. So don't mistake me for saying this is what he should do, or that this is what HE'S saying he should do. I get it. But his own investment firm has had its tax issues. The disagreement definitely isn't that Berkshire Hathaway has been paying too much in taxes since 2002. And that's just convenient as a point of irony.

    I also don't see how offering this opinion (that tax policy should have the rich paying more) makes him some role model when he has so much to gain from being both philanthropic as well as being widely perceived as such. When you're that rich, you pretty much have to work on crafting an image as a philanthropist. Any alternative makes you an easy focal point for public wrath.

    Don't write this off as cynicism. From the standpoint of anyone with that much money, it's a rational move.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Neomalthusian View Post
    I'm pretty sure people can't voluntarily pay more in taxes than they owe. So don't mistake me for saying this is what he should do, or that this is what HE'S saying he should do. I get it. But his own investment firm has had its tax issues. The disagreement definitely isn't that Berkshire Hathaway has been paying too much in taxes since 2002. And that's just convenient as a point of irony.

    I also don't see how offering this opinion (that tax policy should have the rich paying more) makes him some role model when he has so much to gain from being both philanthropic as well as being widely perceived as such. When you're that rich, you pretty much have to work on crafting an image as a philanthropist. Any alternative makes you an easy focal point for public wrath.

    Don't write this off as cynicism. From the standpoint of anyone with that much money, it's a rational move.
    When you're as rich as Buffett is it really doesn't matter what people think about you.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by AdamT View Post
    When you're as rich as Buffett is it really doesn't matter what people think about you.
    I dunno Adam, there's some crazy angry anti-establishment folks out there. Sure you can pay for your own army of bodyguards, but no one likes to live that paranoid. If you're well-known as the guy that donated billions to charity and is pretending to agree with the OWS protesters, rather than as the guy who's worth billions and doesn't care what people think about him, you're likely to sleep a little better at night.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by mertex View Post
    Ha,ha, and which of the three critters do you propose is going to beat Obama?

    There are more than 3 candidates for the GOP nomination, and more than two parties in the election.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by AdamT View Post
    Nitpicking the analogy.... I could come up with a closer one, but not necessary.

    Here's the key:



    The reason it's argued that it should be done by force is precisely that most people won't do it by choice. How many people do you think would pay taxes if it was 100% voluntary?
    Finally. Someone has answered my question.

    Now, next question.

    How should I view a person who built his fortune on evading taxes, currently owes the IRS up to his nipples, but is advocating an increase in his over all taxation, and through HIS increase, also increase everyone else's in his pay scale?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by mertex View Post
    Thanks for the link - I wonder why ALEC hasn't been exposed more avidly in the news? It's sort of obvious that corporations have had a huge control over our laws, but this is just insane!
    Because our news media are just subsidiary pieces of the very same corporations involved with ALEC.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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