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

  1. #131
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    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?
    Basically economic policies of the US before the early 70s
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  2. #132
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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?


    The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
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  3. #133
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Lord Tammerlain View Post
    Basically economic policies of the US before the early 70s
    These are the budget items and the 2010 budget. Is there anyone here that believes we need this size of a federal govt? Expiration of the Bush tax cuts will do nothing to put 16 million people back to work nor will any revenue collected be put towards the 14 trillion dollar debt. Some people here better learn how to think.

    Receipt 2010

    Individual Income tax 898.5
    Corporate Taxes 191.4

    Total 1089.9

    SS/Unemploy/Other 864.8

    Excise Taxes 66.9


    Total Revenue 2021.6

    Expenses

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Medicare 451.6
    Income Security 624
    Social Security 706.7
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9


    Total 3537.6

  4. #134
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Lord Tammerlain View Post
    The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
    who spends all that money on foreign wars?



  5. #135
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Lord Tammerlain View Post
    The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
    What is the budget of Canada? Does your country have a 3.5 trillion dollar budget?

  6. #136
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Conservative View Post
    These are the budget items and the 2010 budget. Is there anyone here that believes we need this size of a federal govt? Expiration of the Bush tax cuts will do nothing to put 16 million people back to work nor will any revenue collected be put towards the 14 trillion dollar debt. Some people here better learn how to think.

    Receipt 2010

    Individual Income tax 898.5
    Corporate Taxes 191.4

    Total 1089.9

    SS/Unemploy/Other 864.8

    Excise Taxes 66.9


    Total Revenue 2021.6

    Expenses

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Medicare 451.6
    Income Security 624
    Social Security 706.7
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9


    Total 3537.6
    So what would you cut to put us at 2021.6

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

    Quote Originally Posted by TurtleDude View Post
    who spends all that money on foreign wars?
    Foreigners?

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

    Quote Originally Posted by ender1 View Post
    So what would you cut to put us at 2021.6
    a real libertarian would start with the stuff that is not constitutionally proper



  9. #139
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Conservative View Post
    I always knew you believed in big govt. and someone to provide for all that you want, not necessarily need.
    And I always knew that you were NOT fiscally responsible as the GOP claims to be. The is noway we're going pay dpwn the debt unless we get more revenue.


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

    Quote Originally Posted by ender1 View Post
    So what would you cut to put us at 2021.6
    I have done this many times.

    Defense 696.1
    International Affairs
    Gen. Science, Space 30.9
    Energy
    Natural resources/env
    Agriculture
    Commerce
    Transportation
    Community Dev
    Education/Train/Social
    Health 369
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9


    Total 1474.6

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