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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

    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.
    It would work, if people were not greedy.

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

    Quote Originally Posted by hazlnut View Post
    It would work, if people were not greedy.
    I've found that the wealthy are far less greedy than the poor at the end of the day. Hence, often that is how they became wealthy, because they are much more focused and interested on the industry of their field than the money that is generated from it.

    Buffett doesn't believe in trickle down economics because he built his wealth through investing in OTHER people's industriousness. He's just a prospector.

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

    Quote Originally Posted by Erod View Post
    I've found that the wealthy are far less greedy than the poor at the end of the day. Hence, often that is how they became wealthy, because they are much more focused and interested on the industry of their field than the money that is generated from it.

    Buffett doesn't believe in trickle down economics because he built his wealth through investing in OTHER people's industriousness. He's just a prospector.
    He also tries to ingratiate himself with the dem leadership while pushing an agenda that would really rape those far less wealthy than he is but who are targeted as being "rich" by his dem allies



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

    Quote Originally Posted by TurtleDude View Post
    He also tries to ingratiate himself with the dem leadership while pushing an agenda that would really rape those far less wealthy than he is but who are targeted as being "rich" by his dem allies
    " WOULD RAPE THOSE FAR LESS WEALTHY......" !!!!!!!!!

    A simple word like hyperbole fails to do justice to your phrase.
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by hazlnut View Post
    It would work, if people were not greedy.
    None of us is greedy. It is only the other fellow who is greedy. Pursuing a single dollar worth of profits sets any individual up for accusations of greed.

    Are you greedy? Do you generate an income that is only enough to provide for your basic essential needs? Seeing that you live in Redondo Beach, I'd think otherwise. :-)

    By the way, my uncle lives in RB. Maybe we can have lunch sometime!

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

    Quote Originally Posted by hazlnut View Post
    It would work, if people were not greedy.
    There is your logic error.

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

    Quote Originally Posted by TurtleDude View Post
    He also tries to ingratiate himself with the dem leadership while pushing an agenda that would really rape those far less wealthy than he is but who are targeted as being "rich" by his dem allies
    Maybe Buffet is part of the same machine that George Soros is trying to build? Maybe he will be his VP! Of course Buffet has also donated over 50% of his wealth more than once (I think 3 times at least with 93% of it donated it at one point) but hey, Buffet a guy that both the Republicans and Democrats wanted running on their team is trying to **** his fellow rich people over.
    "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

    1. Buffet seems to personally be a good guy. Giving away his wealth a'la Carnegie is a classy move.
    2. There is no theory of Trickle Down Economics; never has been. Buffet is playing a political card, not an economic one.
    3. What is often derided as "trickle down economics" is the notion that there should be low, relatively flat tax rates for all income earners, and that lowering the tax rates on the wealthy causes them to become more productive. that theory is as true now as it was in the 1920's when i am first aware of it being the specific policy of an American Administration (under Sec Treasury Mellon). It worked for President Harding, it worked for President Coolidge, it worked for President Kennedy, it worked for President Reagan, it worked for President Clinton and it appears to have had some success under President Bush.

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

    Quote Originally Posted by hazlnut View Post
    It would work, if people were not greedy.
    oh, well, if that's all then

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

    Quote Originally Posted by Conservative View Post
    I must have missed the run on the banks. Please point me to that run?
    Did i state that there was a bank run?

    Maybe this can help.

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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