Page 9 of 22 FirstFirst ... 789101119 ... LastLast
Results 81 to 90 of 216

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

  1. #81
    Sage

    Join Date
    Jun 2011
    Last Seen
    10-28-17 @ 06:19 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    15,248

    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)
    Rich guys like Buffet just drive you guys crazy, don't they? Instead of lining up behind all the other fat cats taking their tax write-offs at the expense of the rest of us, they tell it exactly like it is. Given a choice between fat Christie and Buffet, I'll take Buffet.

  2. #82
    Sage

    Join Date
    Jun 2011
    Last Seen
    10-28-17 @ 06:19 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    15,248

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

    Quote Originally Posted by haymarket View Post
    This is exactly the type of sentiment which so divides the left and the right. Anytime a rightie says something like this you can just visualize all the other warriors of the right standing up to salute ramrod straight and saying YEAH!!!!!! Those of us on the left progressive think it is so silly and stupid because one person writing a check does not even rise to the level of a half-assed substitute for a national tax policy which works for the entire nation.

    I will never understand why anyone on the right thinks one person writing a check is a solution for a nation.
    It's because, as rich guys, they're used to writing checks to take care of all of their problems.

  3. #83
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    12-07-17 @ 03:24 PM
    Gender
    Lean
    Libertarian
    Posts
    4,732

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

    Doesn't this come down to, "Do you believe by raising the capital gains tax we will bring more revenue into the Federal Government from this tax?"
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  4. #84
    Guru
    Republic Now!'s Avatar
    Join Date
    Feb 2012
    Last Seen
    09-12-14 @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    2,671

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

    Quote Originally Posted by Blue_State View Post
    Doesn't this come down to, "Do you believe by raising the capital gains tax we will bring more revenue into the Federal Government from this tax?"
    The best question IMO, "Is raising taxes, in any capacity, a long term solution to the budget issue?"

  5. #85
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    16,253

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

    Quote Originally Posted by OpportunityCost View Post
    Hmm, are you going to argue that the price on products is not driven up by regulatory burden?
    Because last time I checked, when you drive price up, demand goes down if everything else stays the same.
    Maybe we have a lack of agregate demand because we have higher prices driven by regulatory and tax burdens built into products. Which could also be argued to be driving down wages because of the amount of cost going out per employee, not just their wages, but the tax burden, SS burden, rising disability insurance, mandated health insurance costs...
    You are abusing vocabulary! When prices increase, QUANTITY DEMANDED (not necessarily demand) is decreased, ceteris paribus. Even when price is increased and the quantity of goods sold decreases, total revenue (we can view this as area under a curve) stays the same. In reality, real wealth and secondly income determine aggregate demand.

    Of course there is an argument to be made that if prices on highly inelastic goods and services increase to the point where more profitable goods and services are crowded out. But you did not make such an argument, and there is nothing to suggest that sectors with high profit margins are facing increased risk of revenue shortfalls (quite the opposite is occurring).

    Im going to argue that the increased tax and regulatory burden (including Obama care) is depressing wages, depressing profits and inhibiting hiring, investment and this is pushing towards less available consumer demand. Hence, oversupply.
    A hypothesis is not an argument. So by all means, do make one!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #86
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    12-07-17 @ 03:24 PM
    Gender
    Lean
    Libertarian
    Posts
    4,732

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

    Quote Originally Posted by Republic Now! View Post
    The best question IMO, "Is raising taxes, in any capacity, a long term solution to the budget issue?"
    As for this tax, when clinton lowered it, it brought in more revenue.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  7. #87
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:40 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,561

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

    Quote Originally Posted by Wiggen View Post
    Rich guys like Buffet just drive you guys crazy, don't they? Instead of lining up behind all the other fat cats taking their tax write-offs at the expense of the rest of us, they tell it exactly like it is. Given a choice between fat Christie and Buffet, I'll take Buffet.
    what I find amusing is how many ne'er do wells and slackers worship BUffett thinking his position is actually based on a desire to help them.

    He does this purely to gain more power and influence. You've been played. And he is a class warrior-he represents the uber wealthy who wants to screw over the upper middle class and the somewhat wealthy

  8. #88
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    16,253

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

    Quote Originally Posted by TurtleDude View Post
    what I find amusing is how many ne'er do wells and slackers worship BUffett thinking his position is actually based on a desire to help them.

    He does this purely to gain more power and influence. You've been played. And he is a class warrior-he represents the uber wealthy who wants to screw over the upper middle class and the somewhat wealthy
    Buffets position is derived from his understanding of economics. Ranting on the basis of emotion however is in no way a valid substitute. For someone who attempts to make normative economic arguments at every turn, your are failing badly in the in the support/proof department.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #89
    Distributist
    Jeezy's Avatar
    Join Date
    May 2011
    Last Seen
    10-14-15 @ 03:15 AM
    Gender
    Lean
    Independent
    Posts
    1,326

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

    Quote Originally Posted by Kushinator View Post
    I don't see why not. My comment stems from the relationship between savings rates among different income demographics, and how that impacts growth given different effective rate differentials.
    In that case, I agree. Eliminating certain exemptions before raising the base rate is, to me, the tax-based equivalent of psychological pricing. People are more likely to adjust political and spending habits when the rate itself is altered than when...say...mortgage interest...is no longer exempt.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

  10. #90
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    16,253

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

    Quote Originally Posted by Jeezy View Post
    In that case, I agree. Eliminating certain exemptions before raising the base rate is, to me, the tax-based equivalent of psychological pricing. People are more likely to adjust political and spending habits when the rate itself is altered than when...say...mortgage interest...is no longer exempt.
    Increasing effective taxation without damaging income growth is a key to resolving our fiscal challenges.

    It irks me when i hear the "revenue neutral" requisite from house republicans. I am in support of lowering top rates in conjunction with eliminating various exemptions as a means of both simplifying the tax code and increasing revenues. Reason being, the majority of deductions serve to lower effective rates for high revenue corporations without having nearly as much impact on small and medium sized businesses.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

Page 9 of 22 FirstFirst ... 789101119 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •