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Thread: Warren Buffet: 'Trickle Down' Theory Doesn't Work

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    To reply about why letting the bush tax cuts roll over would be a good idea:

    Trickle-Down Economics: Four Reasons Why It Just Doesn't Work | United for a Fair Economy

    WHY TRICKLE DOWN DOESN'T WORK | Gather

    Trickle-Down Economics Fails to Deliver as Promised - Real Time Economics - WSJ

    Greenspan: End Bush tax cuts | Raw Story

    Going to this site Bush Tax Cuts Calculator
    it concludes some weird things that I'm not sure how accurate this is.

    If I were head of household and unmarried with one child and my fiance we make more on Obama's plan and less on either Dems or Rep plan. If married we make more on Dems and Rep plans (to a point they are the same) and the least on Obama's plan, and the most back on letting all tax cuts roll back. Of course, that is saying we would be getting more back just because we are getting taxed more or less through the year. The calculator however when you put in say, 300,000, married, 1 child for income shows a different picture, and Republicans plan, Democrats, and rolling back Bush tax cuts show the same tax burden, Obama's however there is a slight difference, of $400 more.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    To reply about why letting the bush tax cuts roll over would be a good idea:

    Trickle-Down Economics: Four Reasons Why It Just Doesn't Work | United for a Fair Economy

    WHY TRICKLE DOWN DOESN'T WORK | Gather

    Trickle-Down Economics Fails to Deliver as Promised - Real Time Economics - WSJ

    Greenspan: End Bush tax cuts | Raw Story

    Going to this site Bush Tax Cuts Calculator
    it concludes some weird things that I'm not sure how accurate this is.

    If I were head of household and unmarried with one child and my fiance we make more on Obama's plan and less on either Dems or Rep plan. If married we make more on Dems and Rep plans (to a point they are the same) and the least on Obama's plan, and the most back on letting all tax cuts roll back. Of course, that is saying we would be getting more back just because we are getting taxed more or less through the year. The calculator however when you put in say, 300,000, married, 1 child for income shows a different picture, and Republicans plan, Democrats, and rolling back Bush tax cuts show the same tax burden, Obama's however there is a slight difference, of $400 more.
    you want to end all of the tax cuts or just jack up taxes on the people who already pay far more than they use?

    what do you think will happen to the desire of the average citizen to do something about the deficit if only the rich are tasked with paying more taxes with the growing deficit looming



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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    you want to end all of the tax cuts or just jack up taxes on the people who already pay far more than they use?

    what do you think will happen to the desire of the average citizen to do something about the deficit if only the rich are tasked with paying more taxes with the growing deficit looming
    The average person injects money into the economy that the rich is already injecting. Hey if you don't mind your taxes being the same as someone making 5,000,000 you could always contribute more to the government.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

    Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
    I do not know why it took him so long to say this, it is obvious that TD does not work. Look at the bailouts we did. They did not create jobs at all, rather the companies, after taking care of their toxic debt, pocketed the rest for themselves.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    The average person injects money into the economy that the rich is already injecting. Hey if you don't mind your taxes being the same as someone making 5,000,000 you could always contribute more to the government.
    I don't think you understood what I wrote-try again. under Obama's scheme I will get to keep as much of the next dollar I get as someone making 5 Million a year.



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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Mr. Invisible View Post
    I do not know why it took him so long to say this, it is obvious that TD does not work. Look at the bailouts we did. They did not create jobs at all, rather the companies, after taking care of their toxic debt, pocketed the rest for themselves.
    you are claiming I don't work?



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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    I don't think you understood what I wrote-try again. under Obama's scheme I will get to keep as much of the next dollar I get as someone making 5 Million a year.
    I am unaware of this. Can you show me a link to this?

    Also: t r u t h o u t | Tax the Rich: A Deficit Plan That Doesn't Hit We, The People
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    I am unaware of this. Can you show me a link to this?

    Also: t r u t h o u t | Tax the Rich: A Deficit Plan That Doesn't Hit We, The People
    anyone making over 200K a year (250 for MCs) would have a marginal rate of 39.6%

    truthout-LOL



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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    anyone making over 200K a year (250 for MCs) would have a marginal rate of 39.6%

    truthout-LOL
    Ah nevermind. I though you were saying something else. Also see. Like the other guy said. We could give you a million and one things saying the same thing it's not good enough for you.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Mr. Invisible View Post
    I do not know why it took him so long to say this, it is obvious that TD does not work. Look at the bailouts we did. They did not create jobs at all, rather the companies, after taking care of their toxic debt, pocketed the rest for themselves.
    I can't ask this enough: what's the alternative?
    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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