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Thread: Warren Buffett: Raise Taxes On The "Very Rich"

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    I think that Buffet is simply seeing the reality, not wish it were in life. In a perfect world there would be no need to pay taxes, but unfortunately we have to pay the bills, and this includes the wars we have went in debt to fight. Now, the government could simply leave tax rates as they are and allow the deficit to grow, even though doing so serves no purpose, or raise the taxes of the very rich, who will remain very rich (what is a million to a guy worth billions) and allow the tax rates to remain low for those who actually do a majority of the spending and economic moving. He realizes this, as do many economists.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by pbrauer View Post
    I do, he is a billionaire who says the wealthy should be paying higher taxes. So far I've only heard from folks who think or wish they will be wealthy some day and don't want to be taxed at all.
    Great. So he thinks the government should take even more money away from people. Big whoop, that doesn't make him any different than any other high-tax liberal.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    But Warren is such a nice guy who cares about people.

    "Warren Buffett disowned his son Peter's adopted daughter, Nicole, in 2006 after she participated in the Jamie Johnson documentary, The One Percent. Although his first wife had referred to Nicole as one of her "adored grandchildren",[58] Buffett wrote her a letter stating, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin." He signed the letter "Warren.""

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by pbrauer View Post
    . So far I've only heard from folks who think or wish they will be wealthy some day and don't want to be taxed at all.
    Like who exactly?
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by Gray_Fox_86 View Post
    But Warren is such a nice guy who cares about people.

    "Warren Buffett disowned his son Peter's adopted daughter, Nicole, in 2006 after she participated in the Jamie Johnson documentary, The One Percent. Although his first wife had referred to Nicole as one of her "adored grandchildren",[58] Buffett wrote her a letter stating, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin." He signed the letter "Warren.""
    I would not argue that he is a nice person, or a real philanthropist, I think he is just a person who wants to make money and looks at the long-term instead of simply at short-term gains.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by tlmorg02 View Post
    I would not argue that he is a nice person, or a real philanthropist, I think he is just a person who wants to make money and looks at the long-term instead of simply at short-term gains.
    So wouldn't it make more sense to not raise taxes any higher than they already are? And while doing that the government should cut half of its spending so that the other half can go to pay off the incredible debt that they built over the decades? Sure it might be hard for those who rely on the governmen to live on, but tough luck.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by Gray_Fox_86 View Post
    So wouldn't it make more sense to not raise taxes any higher than they already are? And while doing that the government should cut half of its spending so that the other half can go to pay off the incredible debt that they built over the decades? Sure it might be hard for those who rely on the governmen to live on, but tough luck.
    Why is it that people think that only the poor rely on the government? Boeing would probably fold if it were not for government contracts.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by tlmorg02 View Post
    Why is it that people think that only the poor rely on the government? Boeing would probably fold if it were not for government contracts.
    I was just asking what your suggesstion would be? And when the government spends money on corporations like Boeing. We get stuff out of it like an advancement in technology and the sciences. What do we get when we support a welfare mommy? Five new children who are going to grow up without a father or a good adult figure. And who will most likely end up like thier mother.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by Gray_Fox_86 View Post
    I was just asking what your suggesstion would be? And when the government spends money on corporations like Boeing. We get stuff out of it like an advancement in technology and the sciences. What do we get when we support a welfare mommy? Five new children who are going to grow up without a father or a good adult figure. And who will most likely end up like thier mother.
    You better recheck that opinion. We spend billions on projects that get scrapped and nothing to show for it. It took so long to engineer one of the newest jets (I cant remember what it is called) that it was outdated before ever finished.

    My suggestion would be to only keep the tax cuts for the Middle Class and only until the economy recovers. I realize that many feel that the super wealthy are the job creators, but in reality it are the upper-middle class small business owners that grow jobs and move the economy. They should be given a tax break, but not the billionaires.

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    Re: Warren Buffett: Raise Taxes On The "Very Rich"

    Quote Originally Posted by tlmorg02 View Post
    You better recheck that opinion. We spend billions on projects that get scrapped and nothing to show for it. It took so long to engineer one of the newest jets (I cant remember what it is called) that it was outdated before ever finished.

    My suggestion would be to only keep the tax cuts for the Middle Class and only until the economy recovers. I realize that many feel that the super wealthy are the job creators, but in reality it are the upper-middle class small business owners that grow jobs and move the economy. They should be given a tax break, but not the billionaires.
    Why do you support raising their taxes, then?
    Quote Originally Posted by Top Cat View Post
    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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