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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 Erod View Post
    I've found that the wealthy are far less greedy than the poor at the end of the day.
    I've found the opposite.

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

    Quote Originally Posted by hazlnut View Post
    I've found the opposite.
    What percentage of the unemployed and poor do you think remain unmotivated and "greedy" for the American taxdollars that they would wait until their 2 years of unemployment benefits or notification that their food stamps would be ending to actually go out and seek work?

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

    Quote Originally Posted by ElijahGalt View Post
    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.
    Greed = rigging the system to benefit the few over the many.

    You're young, idealistic, and Ayn Rand novels don't delve into the tax code, farm subsidies, and the history of company towns.

    I recommend you balance your reading with some Upton Sinclair.

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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.
    You mean people who are struggling to maintain enough money to pay their rent are more concerned about it than someone who can go skiing in Switzerland for a week on a whim? Wow... I would never have reached that conclusion... To regular folks, greed is getting that new car without having to give up something substantial. To the wealthy, greed is firing thousands of people to artificially inflate stock prices enough to sell out and make a fortune.
    Liberté. Égalité. Fraternité.

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

    Quote Originally Posted by disneydude View Post
    No...but I'm also not a capitalist/corporatist. I think a modified capitalist/socialist system is the best.
    State capitalism?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by hazlnut View Post
    I've found the opposite.
    How many poor people volunteer and give to charities?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by American View Post
    How many poor people volunteer and give to charities?
    I would suggest a large number do

    Giving time to their church or donating to their church for one example

    Others would be donating time to causes like the Seirra Club or Green peace.

    The elderly I believe donate more of their time then any other demographic group
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by American View Post
    How many poor people volunteer and give to charities?
    In 2001, Independent Sector, a nonprofit organization focused on charitable giving, found that households earning less than $25,000 a year gave away an average of 4.2 percent of their incomes; those with earnings of more than $75,000 gave away 2.7 percent.

    http://www.nytimes.com/2010/08/22/ma...OB-wwln-t.html

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

    Quote Originally Posted by Paschendale View Post
    You mean people who are struggling to maintain enough money to pay their rent are more concerned about it than someone who can go skiing in Switzerland for a week on a whim? Wow... I would never have reached that conclusion... To regular folks, greed is getting that new car without having to give up something substantial. To the wealthy, greed is firing thousands of people to artificially inflate stock prices enough to sell out and make a fortune.
    Are you really this naive? It does appear that you have been in D.C. too long and are out of touch with reality. Quite a few of those people struggling to maintain enough money to pay their rent have that problem because of their own actions, not the actions of the rich. there is plenty of room at the top for those willing to work hard, show discipline yet initiative, but that seems to be something you don't understand. Ever gone to a job fair, interviewed people, or actually hired someone? The entitlement mentality today promoted by liberalism destroys incentive and creates dependent poor people, thus liberals in power.

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

    Quote Originally Posted by winston53660 View Post
    In 2001, Independent Sector, a nonprofit organization focused on charitable giving, found that households earning less than $25,000 a year gave away an average of 4.2 percent of their incomes; those with earnings of more than $75,000 gave away 2.7 percent.

    http://www.nytimes.com/2010/08/22/ma...OB-wwln-t.html
    several studies also found that REpublicans of a given economic level gave far more to both religious and secular charities than did similarly situated dem/liberals and liberals, when they gave, were far more likely to give to "think tanks" that don't help the poor but produce studies advocating more government redistribution



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