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Thread: Christie: Buffett Should ‘Write a Check and Shut Up’

  1. #121
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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by TurtleDude View Post
    claiming Buffett is of the same class as most of the top one percent is as specious as saying someone who makes 10 Million a year has the same interests as someone making 100K a year even though the 100K and the 10M guy are much closer than most of us in the top one percent are to Buffett. Buffett's demands for more taxation is classwarfare against the moderately wealthy

    anyone who thinks those of us making 375K-a few million a year have the same interests as a guy worth several billion and who makes 50-100 Million a year is really living in fantasy land. If you are making one million a year in investment income Obama wants to triple your taxes from around 150K a year to close to 450K a year. someone making a million who has his federal taxes go up 300K is going to have to make major lifestyle changes.

    SOmeone making 50-100 Million a year-not so much

    remember-the lefties claim that those uber billionaires really are spending only a fraction of what they make
    Interestingly, I could make the exact same argument about trying to raise the taxes of the poor and middle class vs. the moderately wealthy. But in that case you would argue that it's invalid to look at how taxes impact people's lives, right? All that matters is we should all pay the same percentage.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Jeezy View Post
    You still spouted off a completely irrelevant "hundreds of thousands" number. Any reduction in domestic oil price would be offset (pretty rapidly) by growing global demand for petroleum, especially considering the time and effort it will take to actually build the infrastructure to extract the oil and physically drill it out. Right now, our domestic consumption is over 4 times the amount of domestic production and growing. I seriously doubt that blindly drilling for more oil at a time when our own domestic production peaked 30 years ago is going to meaningfully affect the deficit in any way. At most, it would be a band-aid on a gaping wound.

    Eliminating loopholes in our tax system and updating the brackets to reflect income growth trends? That would be much better. Natural resources are fine and dandy but we aren't sitting on any gold mines.

    Drill, baby drill =/= AUTOMATIK JOBZ AND DEFICIT GO BYE BYE YEYYYYY
    Don't forget about natural gas. We have more natural gas than we know what to do with.

    We haven't even mentioned coal. We have at least a hundred year's worth of coal just waiting to be mined.

    You are right that it would take a couple years for everything to gear up, but we have a lot of rigs sitting idle right now that could get to work. If we deregulated American energy, though, it would easily create hundreds of thousands of jobs. Everyone would get rich.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Peter Grimm View Post
    Don't forget about natural gas. We have more natural gas than we know what to do with.

    We haven't even mentioned coal. We have at least a hundred year's worth of coal just waiting to be mined.

    You are right that it would take a couple years for everything to gear up, but we have a lot of rigs sitting idle right now that could get to work. If we deregulated American energy, though, it would easily create hundreds of thousands of jobs. Everyone would get rich.

    And then when the environment is altered in these ways what are future generations to do?

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by TurtleDude View Post
    No, what he wants is for a major obama slurper to quit being dishonest and put his money where his mouth is (ie firmly planted on obama's posterior)
    The problem is, Christie's comeback dismisses Buffet's entire argument nor does it offer a practical solution... repaying the debt, shouldn't be one man's burden.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by lizzie View Post
    It's pretty self-explanatory. Buffet whines about how the rich should pay more, and he can voluntarily give the feds as much extra money as he wants to, but he doesn't really want to do that. If he really wanted to, he would. He just likes to play the benevolent nobleman without having to do anything concrete.
    You guy's are acting like his argument is a personal problem, and it's not a personal problem... he is arguing a about a policy. You guys, instead of arguing policy, you attack him personally and it goes nowhere and accomplishes nothing. And if he did put his money where his mouth is (as you say), and forked over a billion to the government, would that buy your respect for him? **** no, it wouldn't, and that's exactly why he shouldn't do it.

  6. #126
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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Peter Grimm View Post
    Don't forget about natural gas. We have more natural gas than we know what to do with.

    We haven't even mentioned coal. We have at least a hundred year's worth of coal just waiting to be mined.

    You are right that it would take a couple years for everything to gear up, but we have a lot of rigs sitting idle right now that could get to work. If we deregulated American energy, though, it would easily create hundreds of thousands of jobs. Everyone would get rich.
    The "get-rich quick through deregulation" movement has outlived its usefulness 10 years ago, particularly in the energy arena. The BP oil spill was caused in part by regulatory insufficiency. Loosening restrictions on certain goods is fine and dandy, but energy is a utility. Increasing a utility's susceptibility to price shocks does nothing good.

    Natural gas is already fairly deregulated. 21 States and the District of Columbia have legislation or that allow Natural Gas Choice Programs -- programs that allow you to buy from someone other than a utility company. Large businesses have had that option for several years now.

    And none of what you're talking about addresses the root problem of a long-term sustainable answer to growing energy demand.
    Last edited by Jeezy; 02-24-12 at 01:51 AM.
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    Thanks for your awesomeness, Jeezy.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by TurtleDude View Post
    what is funny is watching lefties lap up the crap Buffett squeezes out thinking he spews this nonsense because he CARES about the poor

    Buffett wants dems to win elections because Dems make him more money.
    How do dems make him more money, but nobody else more money? How exactly does that work?

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by SheWolf View Post
    How do dems make him more money, but nobody else more money? How exactly does that work?
    Given that Berkshire's holdings (e.g. IBM, Wallmart, Kraft Foods, Proctor & Gamble, DirecTV, Coca Cola) represent the economy as a whole, Turtledude is clearly arguing that Democrats are better for business than Republicans. Hard to argue with that.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by winston53660 View Post
    And then when the environment is altered in these ways what are future generations to do?
    I'd rather feed people than worry about the polar bears. Global warming is a myth anyway.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Jeezy View Post
    The "get-rich quick through deregulation" movement has outlived its usefulness 10 years ago, particularly in the energy arena. The BP oil spill was caused in part by regulatory insufficiency. Loosening restrictions on certain goods is fine and dandy, but energy is a utility. Increasing a utility's susceptibility to price shocks does nothing good.

    Natural gas is already fairly deregulated. 21 States and the District of Columbia have legislation or that allow Natural Gas Choice Programs -- programs that allow you to buy from someone other than a utility company. Large businesses have had that option for several years now.

    And none of what you're talking about addresses the root problem of a long-term sustainable answer to growing energy demand.
    I'm all for green energy. I don't think we should clamp down on everything else while we wait for it.

    The kind of deregulation I'm talking about is on the drilling side, not so much from the utilities. There are a ton of regulations that make it hard to extract natural gas and oil in this country, most of it is due to environmental concerns.

    I'm all for protecting the environment, but I think putting people to work is more important.

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