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

Buffet is ancient, he doesn't need his cash. Why not donate all of it to the government and live on a social security check? Or is he one of those greedy evil rich people?
 
You know why he raised them?

Yes, I do.

From the horses mouth:

Getting the bill passed had required a rare trip by the 40th president to Capitol Hill to browbeat fellow Republicans who had earlier blocked the measure in the House.

"I think all of us here today know what a herculean effort it took to get this landmark bill to my desk," Reagan said to the assembled crowd.

The Tax Reform Act of 1986 shifted a large part of the tax burden from individuals to corporations; it also exempted millions of low-income households from federal income taxes. Reagan called it "a sweeping victory for fairness" where "vanishing loopholes and a minimum tax will mean that everybody and every corporation pay their fair share."

Does any of that sound familiar? Hmmm, kinda sounds like ... OBAMA!!
 
Yes, I do.

From the horses mouth:



Does any of that sound familiar? Hmmm, kinda sounds like ... OBAMA!!

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?
 
Yes, I do.

From the horses mouth:



Does any of that sound familiar? Hmmm, kinda sounds like ... OBAMA!!

Not at all, he's about people paying their "fair share", where HE decides what that is.
 
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.

It would make his argument more credible. Because being deliquint on a billion dollars doesn't do much for his credibility, when he complains that he doesn't pay enough taxes.
 
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?
 
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?
 
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.
 
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.
 
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.
 
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.
 
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 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.
 
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.
 
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?
 
Actually we aren't in a recession and corporations are posting record profits.


Why are they posting record profits?

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


Buffet also said that banks have been victimized by evicted homeowners. Still love him, or what?
 
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.

He buys the love of the ne-er do wells by wanting to hurt lots of somewhat rich people by increasing a tax that will have absolutely no effect on his lifestyle and will increase his power
 
If the government does as he suggests, he will continue to make record profits by buying stocks of bailout companies.

He is as altruistic as a new Pusher undercutting other dealers with lower priced heroin
 
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.

Saying something and doing something are two totally different things.
 
He buys the love of the ne-er do wells by wanting to hurt lots of somewhat rich people by increasing a tax that will have absolutely no effect on his lifestyle and will increase his power

That post is simply dripping with envy. Try again.
 
Saying something and doing something are two totally different things.

He doesn't have the power to change the tax code unilaterally. All he can DO is advocate for his position ... which is what he's doing.
 
That post is simply dripping with envy. Try again.

One of the more stupid tactics on this board is accusing others of the stuff one is well known for engaging in. I blast Buffett for his hypocrisy not his wealth, YOu don't hear me saying he should be taxed more

so your silly and idiotic response is just that

major fail
 
I have no interest in responding to that statement. Would you like to try again?

Yeah, it was a pretty idiotic response, right? And yet a day doesn't go by that conservatives don't lob that piece of turd at liberals.
 
One of the more stupid tactics on this board is accusing others of the stuff one is well known for engaging in. I blast Buffett for his hypocrisy not his wealth, YOu don't hear me saying he should be taxed more

so your silly and idiotic response is just that

major fail

One of the better tactics against hypocrites is to turn their turd hose back on them so they can see how turd-filled it really is.

Of course there is nothing hypocritical about Buffett's stance. He's advocating for a change in the tax code that would affect him. He's not trying to exempt himself.

Hypocrisy would be arguing that everyone should be taxed at the same rate, regardless of whether it would have drastically different effects on different people ... and then crying about a disparate effect from a tax on the wealthy.
 
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