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

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

    Quote Originally Posted by American View Post
    Because tax revenue from capital gains had dropped, that's why. Ever heard of the Laffer Curve, where you find the lowest tax point where the maximum revenues occur?
    So, given that corporate revenues have dropped to 50 years low relative to corporate profits, are you saying that you support higher corporate tax rates?

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

    Quote Originally Posted by American View Post
    Not at all, he's about people paying their "fair share", where HE decides what that is.
    But that's not what Reagan was saying? Who's "fair share" was he talking about, then?

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

    Quote Originally Posted by AdamT View Post
    So, given that corporate revenues have dropped to 50 years low relative to corporate profits, are you saying that you support higher corporate tax rates?
    We're in a recession, in case you didn't notice.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    We're in a recession, in case you didn't notice.
    Actually we aren't in a recession and corporations are posting record profits.

    Warren Buffett -- while not the business magnate you are -- might know something about it:

    The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.

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

    Quote Originally Posted by AdamT View Post
    So, given that corporate revenues have dropped to 50 years low relative to corporate profits, are you saying that you support higher corporate tax rates?
    No, I'm saying I think Reagan was trying to achieve a neutral tax level, and raising rates when the revenues were dropping.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by AdamT View Post
    His argument is that tax policy should change -- not that he personally should pay higher taxes than others who are similarly situated. Paying more than he's required to pay would not advance his argument. In fact it would detract from it as the argument implies that people will only pay what they are required to pay.
    He is arguing he should pay higher taxes. Himself and people like himself. If he is so righteous, then put his money where his mouth is, which he won't. The whole argument is comical when 49.5% of American’s don’t pay income tax.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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

    Quote Originally Posted by AdamT View Post
    Actually we aren't in a recession and corporations are posting record profits.

    Warren Buffett -- while not the business magnate you are -- might know something about it:
    I think profits will proceed job growth.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by Blue_State View Post
    He is arguing he should pay higher taxes. Himself and people like himself. If he is so righteous, then put his money where his mouth is, which he won't. The whole argument is comical when 49.5% of American’s don’t pay income tax.
    He is lobbying to have the taxes of the wealthy -- including him -- raised. Thus he is putting his money where is mouth is. If the government does as he suggests, he will pay more in taxes. There's nothing inconsistent or hypocritical about it.

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

    Quote Originally Posted by AdamT View Post
    He is lobbying to have the taxes of the wealthy -- including him -- raised. Thus he is putting his money where is mouth is. If the government does as he suggests, he will pay more in taxes. There's nothing inconsistent or hypocritical about it.
    If the government does as he suggests, he will continue to make record profits by buying stocks of bailout companies.

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

    Quote Originally Posted by Mensch View Post
    If the government does as he suggests, he will continue to make record profits by buying stocks of bailout companies.
    Is that how he got so rich? Why do you hate successful people so much?

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