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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 Conservative View Post
    Then prove the actual numbers wrong or ignore the actual numbers and show what we all know, feelings trump reality.

    Reagan doubled GDP, created 16.8 million jobs, had a growing labor force, increased govt. revenue by 60%, cut the misery index in half, added 1.7 trillion to the debt in 8 years vs. Obama 5.7 trillion in 4. As usual liberals think with their hearts instead of their brain
    Are you really still doing this? It's been months of the same old garbage stats from you.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by whysoserious View Post
    Are you really still doing this? It's been months of the same old garbage stats from you.
    Yep, have to continue to post data over and over again for it to sink in with many liberals. Still some will never get it as feelings trump substance. Prove the data I posted as wrong?

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

    [QUOTE=Conservative;1060231305]
    Quote Originally Posted by Top Cat View Post
    Instead of getting an education in school you are getting an indoctrination.
    You obviously know a whole less about me than you think you do.

    Your bias is rather amusing if nothing else. I'm still chuckling about the revisionist history comments. Let me guess, you think Ronnie brought down the wall too?

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

    [QUOTE=Top Cat;1060231692]
    Quote Originally Posted by Conservative View Post

    You obviously know a whole less about me than you think you do.

    Your bias is rather amusing if nothing else. I'm still chuckling about the revisionist history comments. Let me guess, you think Ronnie brought down the wall too?
    Let me guess, you get your information out of a textbook and what teachers tell you?

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

    Quote Originally Posted by Conservative View Post
    Yep, have to continue to post data over and over again for it to sink in with many liberals. Still some will never get it as feelings trump substance. Prove the data I posted as wrong?
    I did already, by comparing Reagan's numbers to Obama's and showing multiple similarities. Everyone here realizes that what Obama does has zero to do with your opinion of him - except you.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by whysoserious View Post
    I did already, by comparing Reagan's numbers to Obama's and showing multiple similarities. Everyone here realizes that what Obama does has zero to do with your opinion of him - except you.
    Right, see your point, Reagan had a net job gain at the end of his first term and Obama has a net job loss, Reagan created 16.8 million jobs and Obama won't come close. Reagan didn't have discouraged workers not counted in the unemployment numbers. You liberals are unbelievable.

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

    Quote Originally Posted by Mensch View Post

    Libertarians hold major contempt for any attempt to get businesses and governments working together. In our perfect world, a free market would mean ZERO subsidies, ZERO bailouts, ZERO free loans, ZERO favorable regulatory structures and laws, etc. We have a hand-out system today, and both liberals and conservatives have their hands out asking big business to provide gifts in exchange for favors. Libertarians are against all of that.
    I disagree with just about every position you hold and feel like it is a waste of time to keep making the same arguments over and over and over again with libertarians about them. Given what you had said before about your liberal background, I thought we might have more in common than we actually do, but alas, it appears we don't have as much in common as we thought.

    Best of luck to you in getting Ron Paul elected!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by Catawba View Post
    I disagree with just about every position you hold and feel like it is a waste of time to keep making the same arguments over and over and over again with libertarians about them. Given what you had said before about your liberal background, I thought we might have more in common than we actually do, but alas, it appears we don't have as much in common as we thought.

    Best of luck to you in getting Ron Paul elected!
    It appears that the only thing that matters to you is top-down regulation and entitlement program. If that is all you care about, then you're right. We have nothing in common. But if you were to reasonably take a more rounded look at the big picture, you would realize libertarians and liberals have A LOT in common.

    BTW, only a small portion of the last post was opinion-based. The rest was either a direct question to you (e.g. how well did Sarbanes-Oxley prevent the fraud in the current crisis?) or a statement of facts (e.g. Warren Buffet made millions off the bailouts and stimulus).

  9. #339
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Catawba View Post
    Example:
    Who spends more money, 10,000 people that spend $1 million dollars, or 300 million that spend $30,000.
    That’s beside the point – they’re still consumers.



    Quote Originally Posted by Catawba View Post
    Yes, you are saying that. No, you have not proven that.
    And so?

    I was not trying to prove anything.

    Thus, unsurprisingly, I didn’t.


    Quote Originally Posted by Catawba View Post
    According to the moderators, that is what the debate forums are for. Have you not seen the multiple warnings?
    I know. Your point?



    Quote Originally Posted by Catawba View Post
    The majority of the country that support higher taxes for the wealthy. There have been over 20 polls that show this.
    But I’m not talking to them, and you aren’t talking for them. Or so I thought, at least...

    So why the “we”?




    Quote Originally Posted by Catawba View Post
    The standard of living is higher in China and India now than it was in the 1960s when the middle class was was better off in the US, so that can't be the reason.
    I actually chuckled a bit at this.

    Are you seriously suggesting that the standard of living in China and India is equal to the standard of living here in the USA?

    Quote Originally Posted by Catawba View Post
    But how about the tax incentives we provide to companies that outsource jobs and investment? Think that might have something to do with it?
    It very probably does contribute.
    But, in a way, that ties into the part of my post that you didn’t quote – the part about tax incentives for businesses to have facilities here in the USA.
    I mean…higher corporate taxes here in the USA as compared to other areas of the world ARE an incentive to “outsource jobs and investment”.
    Last edited by The Mark; 02-24-12 at 06:07 PM.
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    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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

    Quote Originally Posted by The Mark View Post
    That’s beside the point – they’re still consumers.

    It is entirely on point, it is the difference between a little stimulation of the economy, or a lot of stimulation of the economy. Demand drives production.


    So why the “we”?
    Because we are the ones that will make the decision in November to discontinue the tax cuts for the wealthy.


    Are you seriously suggesting that the standard of living in China and India is equal to the standard of living here in the USA?
    No, I am suggesting what I stated:

    "The standard of living is higher in China and India now than it was in the 1960s when the middle class was was better off in the US, so that can't be the reason." The standard of living for the middle class in India and China has risen, while the standard of living for the middle class in this country has declined. That provide zero incentive for the middle class in this country to continue to vote for tax cuts for the wealthy.


    It very probably does contribute.
    That's why I support the party that has proposed a bill to stop providing tax incentives to outsource US jobs.


    But, in a way, that ties into the part of my post that you didn’t quote – the part about tax incentives for businesses to have facilities here in the USA.
    I mean…higher corporate taxes here in the USA as compared to other areas of the world ARE an incentive to “outsource jobs and investment”.
    The Democrats bill to help stop outsourcing includes tax incentives for companies that keep jobs here, or brings jobs back. Have you read the bill?

    I have no problem with targeted tax cuts for job creation in this country. What I am opposed to, is what we've done for the last 30 years, giving tax cuts to people just because they are rich, whether they invest their money in US jobs or not.
    Last edited by Catawba; 02-24-12 at 07:14 PM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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