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

  1. #341
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    I remember when Warren was saying "the richest should pay more taxes!" and I was thinking..Warren, why don't you just donate a lump of your money to the US treasury. Here's the link https://www.pay.gov/paygov/forms/for...ormId=23779454

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

    Quote Originally Posted by Catawba View Post
    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.
    You claim your statement was on point, but your explanation clearly shows that it was not.
    The amount spent has no bearing on whether or not a person or entity is consuming. The amount only determines the degree of consumption, not whether it exists or not.

    Quote Originally Posted by Catawba View Post
    Because we are the ones that will make the decision in November to discontinue the tax cuts for the wealthy.
    Yet again I will state: I was not directing my statements towards that “we”, and I had thought you were speaking for yourself.


    Quote Originally Posted by Catawba View Post
    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 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 provides zero incentive for the middle class in this country to continue to vote for tax cuts for the wealthy.

    That's why I support the party that has proposed a bill to stop providing tax incentives to outsource US jobs.
    I was speaking of the standard of living in general, not any particular part of it. Whatever gave you the idea that I was talking about only the middle class standards of living?

    Quote Originally Posted by Catawba View Post
    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 don’t even know what bill you are talking about, beyond what might have been a vague mention of it in a few news broadcasts I’ve heard lately, so it’s safe to assume I haven’t read it.
    Haven’t been paying much attention to the crap the DC crowd is up to lately.

    Quote Originally Posted by Catawba View Post
    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.
    Assuming you are correct, I also would agree…
    Assuming that the tax rates on those rich persons were reasonable to begin with, that is. Cutting unreasonable tax rates isn’t…unreasonable...
    Education.

    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
    You claim your statement was on point, but your explanation clearly shows that it was not.
    The amount spent has no bearing on whether or not a person or entity is consuming. The amount only determines the degree of consumption, not whether it exists or not.
    That is what we were talking about. I never said there was no consumption, I said there wasn't enough consumption for a consumer economy to prosper.


    I was speaking of the standard of living in general, not any particular part of it. Whatever gave you the idea that I was talking about only the middle class standards of living?
    The middle class has no interest in the standard of living for the rich. It is their own declining standard of living they are concerned about. As someone recently said, the rich can take care of themselves.



    I don’t even know what bill you are talking about, beyond what might have been a vague mention of it in a few news broadcasts I’ve heard lately, so it’s safe to assume I haven’t read it.
    Haven’t been paying much attention to the crap the DC crowd is up to lately.

    Creating American Jobs and End Offshoring Act


    Assuming you are correct, I also would agree…
    Assuming that the tax rates on those rich persons were reasonable to begin with, that is. Cutting unreasonable tax rates isn’t…unreasonable...
    Glad we agree on that!
    Last edited by Catawba; 02-24-12 at 09:52 PM.
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Catawba View Post
    That is what we were talking about. I never said there was no consumption, I said there wasn't enough consumption for a consumer economy to prosper.
    Odd. Perhaps some misunderstanding is involved here…I had thought you were saying that rich persons didn’t count as consumers.

    Quote Originally Posted by Catawba View Post
    The middle class has no interest in the standard of living for the rich. It is their own declining standard of living they are concerned about. As someone recently said, the rich can take care of themselves.
    I was never speaking about a specific class’s standard of living, but rather the overall standard of living.

    I may look into that.
    Education.

    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 Conservative View Post

    Let me guess, you get your information out of a textbook and what teachers tell you?
    Yeah, like 34 years ago. Seriously. That's your retort?

    Well do you believe that Ronnie brought down the wall or not? I know you think he belongs in the photo below and all.

    ReaganRushmore.jpg

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

    Quote Originally Posted by Conservative View Post
    The aftermath of what Bush did in 2008? .
    Bush was only President one year? Who knew?

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

    Quote Originally Posted by Top Cat View Post
    Yeah, like 34 years ago. Seriously. That's your retort?

    Well do you believe that Ronnie brought down the wall or not? I know you think he belongs in the photo below and all.

    ReaganRushmore.jpg
    Let's see the Berlin Wall came down in 1989,, about 23 years ago so you were 11 and I am sure an expert on politics and what was going on during that period of time. Reagan was directly involved in leading to the removal of that wall and is given credit by Russians for leading to the dismantling of that wall. Looks to me like my statement is true, you get your information out of textbooks and have no concept of human behavior as well as what the political conditions were at the time.

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

    Quote Originally Posted by Conservative View Post
    Let's see the Berlin Wall came down in 1989,, about 23 years ago so you were 11 and I am sure an expert on politics and what was going on during that period of time. Reagan was directly involved in leading to the removal of that wall and is given credit by Russians for leading to the dismantling of that wall. Looks to me like my statement is true, you get your information out of textbooks and have no concept of human behavior as well as what the political conditions were at the time.
    If Reagan caused the wall to come down, then Obama is directly responsible for taking out Osama and the Arab Spring. Fair?
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by Conservative View Post
    Let's see the Berlin Wall came down in 1989,, about 23 years ago so you were 11

    .
    Sorry skippy. You weren't even a gleam in the mailman's eye when I got out of college.

    and I am sure an expert on politics and what was going on during that period of time. Reagan was directly involved in leading to the removal of that wall and is given credit by Russians for leading to the dismantling of that wall. Looks to me like my statement is true, you get your information out of textbooks and have no concept of human behavior as well as what the political conditions were at the time
    Right on cue. As expected. Thanks for clearing that up. Keep lapping up the right wing delusions. Hell I bet you buy the edited "Tear Down The Wall" speech. Hook, line and sinker.

    Ha ha. So let's see, nothing down by the Russians, Germans (read German people) or any another countries had anything to do with it. Check.

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

    Republicans are sighing, not cheering

    "The most notable factor in the Republican presidential race thus far is the depth of despair into which Republican voters have sunk.
    They cannot find a candidate. Faced with a Democratic incumbent who appears shockingly weak to them, the Republicans have been unable to find a big nominee with a big voice to oppose him.

    Instead, they are finding a series of small nominees with squeaky voices. Some think the Republican Party’s problem is that its voters have failed to “coalesce” around a single candidate. That is not the problem.

    The problem is that there is no candidate around whom Republicans can coalesce. The field is not just weak, it is barren.
    The GOP is now the party of woulda, coulda, shoulda. If only this governor had run. If only that person had not dropped out early. If only there had not been so many debates to introduce the candidates to the American people long before the candidates were ready to be introduced.
    Today, what ushers forth from the throats of loyal Republicans is not a cheer, but a sigh."


    Read more: Republicans are sighing, not cheering - Roger Simon - POLITICO.com
    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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