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

  1. #121
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    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.
    more bs-and that article you quoted was wild--that moron wants to jack up taxes ban most inheritances etc. sounds like a guy who hates the rich-typical blather from truthout-a main source of moonbat guano.

    so can you answer the question-do you want all of the bush era tax cuts to expire or do you just want to jack up taxes on the rich so the rest of the country continues to think that deficit reduction is not something they need to be engaged in



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

    President Reagan's Budget director, David Stockman, agrees.



    – We need “a higher tax burden on the upper income.”

    – “After 1985, the Republican Party adopted the idea that tax cuts can solve the whole problem, and that therefore in the future, deficits didn’t matter and tax cuts would be the solution of first, second, and third resort.”

    – The 2001 Bush tax cut “was totally not needed.”

    – On claims that Reagan proved tax cuts lead to higher government revenues: “Reagan proved nothing of the kind and yet that became the mantra and it just led the Republican Party away from its traditional sound money, fiscal restraint.”

    – Former Vice President Cheney “should have known better” than claim the Bush tax cuts would pay for themselves.

    – “I’ll never forgive the Bush administration and Paulson for basically destroying the last vestige of fiscal responsibility that we had in the Republican Party. After that, I don’t know how we ever make the tough choices.”
    ThinkProgress » Reagan Budget Director: GOP Has Abandoned Fiscal Responsibility By Adopting ‘Theology’ Of Tax Cuts


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

    Quote Originally Posted by pbrauer View Post
    a has been who has not been relevant in over 25 years? Yawn

    so tell me PB-are you in favor of letting all the Bush era tax cuts expire or just raising taxes on the "rich"



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

    Quote Originally Posted by apdst View Post
    I can't ask this enough: what's the alternative?
    Trickle up of course

    A strong middle class is the strength of any country, not a strong upper class. A strong middle class provides a good consumer base, political stability and overall economic strenght. A small or shrinking middle class with growing lower class and upper class generally leads to political instability and eventual economic weakness
    Happy Hanukkah Cheerfull Kwanzaa
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  5. #125
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Lord Tammerlain View Post
    Trickle up of course

    A strong middle class is the strength of any country, not a strong upper class. A strong middle class provides a good consumer base, political stability and overall economic strenght. A small or shrinking middle class with growing lower class and upper class generally leads to political instability and eventual economic weakness
    That's still trickle down economics...

    BTW, where is the strong middle class going to get it's economic strength from?
    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.

  6. #126
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    more bs-and that article you quoted was wild--that moron wants to jack up taxes ban most inheritances etc. sounds like a guy who hates the rich-typical blather from truthout-a main source of moonbat guano.

    so can you answer the question-do you want all of the bush era tax cuts to expire or do you just want to jack up taxes on the rich so the rest of the country continues to think that deficit reduction is not something they need to be engaged in
    I don't believe the 2 lowest tax brackets should have their taxes effected and as far as I know they won't really anyways. I think a new tax bracket should be created for the super rich and the billionares, and that the tax brackets should be moved around a little bit. But you are dismissive of EVERYTHING even when one of your own says it on a video that would have more financial experience in his right hand than we all have in this forum combined. So why do we continue this waste of words?
    Last edited by JohnWOlin; 11-28-10 at 10:25 PM.
    "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 Lord Tammerlain View Post
    Trickle up of course

    A strong middle class is the strength of any country, not a strong upper class. A strong middle class provides a good consumer base, political stability and overall economic strenght. A small or shrinking middle class with growing lower class and upper class generally leads to political instability and eventual economic weakness
    I dont know what a trickle up policy would look like but I agree that a strong middle class helps everyone.

  8. #128
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    a has been who has not been relevant in over 25 years? Yawn

    so tell me PB-are you in favor of letting all the Bush era tax cuts expire or just raising taxes on the "rich"
    I am in favor of all the Bush tax cuts to expire.


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

    Quote Originally Posted by apdst View Post
    That's still trickle down economics...

    BTW, where is the strong middle class going to get it's economic strength from?
    No it is not. Trickle down or horse and sparrow gives massive breaks to the wealthy so that they will spend money and employ everyone else. A strong middle class has never been the long term result of trickle down economics.

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

    Quote Originally Posted by pbrauer View Post
    I am in favor of all the Bush tax cuts to expire.
    I always knew you believed in big govt. and someone to provide for all that you want, not necessarily need.

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