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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 TurtleDude View Post
    do you really believe that the majority of people in the top 2% are ones who received bailouts? and you are aware of the fact that they right now pay far more in taxes than their share of the national income
    No 100% of the top 2%, but I think a lot of them are in the top 2%.. CEO's of investment banks I am sure up in there in the 2%

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

    Quote Originally Posted by TurtleDude View Post
    I am concerned about freedom and the attempts by the dems to restrict that.
    Yes....because the Democrats are going to pass laws preventing them from getting their caviar and truffles.....riiiiiiiiiiight.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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

    Quote Originally Posted by disneydude View Post
    Yes....because the Democrats are going to pass laws preventing them from getting their caviar and truffles.....riiiiiiiiiiight.
    you do understand that there are more than a few leftwingers who operate under the belief that if someone is poor its unfair for others to have "frivolous" luxuries. after all that is the mentality you push-from each according to their ability to each according to their needs.


    maybe you can explain why people have different responsibilities in funding the government when they don't get any additional benefits from the government

    its easy to make the practical argument that the rich have to pay more to make up for the many who cannot pay their fair share but I have yet to see a rational or logical argument why the wealthy have a moral duty to be taxed at higher rates



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

    Quote Originally Posted by SheWolf View Post
    No 100% of the top 2%, but I think a lot of them are in the top 2%.. CEO's of investment banks I am sure up in there in the 2%
    do you know who makes up most of the top 2%? its not people like BUffett or Gates. its your doctor, your CPA, your lawyer, the guy who owns the dealership where you buy your car.



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

    Quote Originally Posted by TurtleDude View Post
    you do understand that there are more than a few leftwingers who operate under the belief that if someone is poor its unfair for others to have "frivolous" luxuries. after all that is the mentality you push-from each according to their ability to each according to their needs.


    maybe you can explain why people have different responsibilities in funding the government when they don't get any additional benefits from the government

    its easy to make the practical argument that the rich have to pay more to make up for the many who cannot pay their fair share but I have yet to see a rational or logical argument why the wealthy have a moral duty to be taxed at higher rates
    I have seen you have these conversations a few other times, and the thing that always bothers me is that you seem to think it's about class warfare or hate. You really don't understand that a lot of people who are not well off, don't want to make other people poor. They want to also be well off too.. so you can try to think of ways to make them well off, get an education and have access to better schools or you can keep playing Richie Rich is the victim and the evil socialist government driven by the poor is out to punish his success. How many people actually want to punish the wealthy and want them to be poor too? How many Americans want this to be a poor country?

    What you are arguing really isn't a debate..


    And for there to be poor people lining up for soup kitchens while others to have "frivolous" luxuries isn't a question of socialism or capitalism, it's a question of morality and what you should do as a human being. I don't morally think the wealthy are justified to throw hundreds of dollars of food away and spend thousands of dollars on BS impractical consumerism like pet rocks while people starve, but it's their right.. It's not morally righteous, but it's not crime except within my personal faith. I am not the one pounding the drum that this nation was build on my religion or anything..

    So what you are arguing, is really pointless..

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

    Quote Originally Posted by TurtleDude View Post
    do you know who makes up most of the top 2%? its not people like BUffett or Gates. its your doctor, your CPA, your lawyer, the guy who owns the dealership where you buy your car.
    People like my uncle, my sister, and myself then.. lol.. No sorry.. CPAs who are also CFOs, yes.. maybe. I know lots of CPAs, lawyers, and doctors. And I also know somebody who lived next to Martha Stewart.. big difference

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

    I am far from clueless about wealth Turtledude.. I know a lot of really wealthy people in my own family. People who go on vacations in Africa and go on hunting safaris and take private planes to Alaska for hunting expeditions. I also know that there is a limited number of people who can actually do those things, and a far more limited number of people who can fly everywhere on a private jet and have basketball courts and private movie theaters inside their house.... and own several houses

    Yep.. there are a lot of wealthy people in America... and I read that something like 40% of them think they are in the top 2%.. seems they don't have a grasp of their own wealth. I have a grasp of wealth and I have seen a lot of it, so I am not clueless but to act like the average CPA, doctor, or lawyer has more $$$ than Buffet isn't reality..

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

    Quote Originally Posted by SheWolf View Post
    I have seen you have these conversations a few other times, and the thing that always bothers me is that you seem to think it's about class warfare or hate. You really don't understand that a lot of people who are not well off, don't want to make other people poor. They want to also be well off too.. so you can try to think of ways to make them well off, get an education and have access to better schools or you can keep playing Richie Rich is the victim and the evil socialist government driven by the poor is out to punish his success. How many people actually want to punish the wealthy and want them to be poor too? How many Americans want this to be a poor country?

    What you are arguing really isn't a debate..


    And for there to be poor people lining up for soup kitchens while others to have "frivolous" luxuries isn't a question of socialism or capitalism, it's a question of morality and what you should do as a human being. I don't morally think the wealthy are justified to throw hundreds of dollars of food away and spend thousands of dollars on BS impractical consumerism like pet rocks while people starve, but it's their right.. It's not morally righteous, but it's not crime except within my personal faith. I am not the one pounding the drum that this nation was build on my religion or anything..

    So what you are arguing, is really pointless..
    you do understand that charity does not involve the government taking from some to buy the votes of others. YOu do realize that those who are against socialist governments tend to be far more generous than those who support forced income redistribution. You do realize that when dealing with politicians, maintaining power is always a factor so pardon me if I don't buy into the BS that liberal polticians are operating from an altruistic position



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

    Quote Originally Posted by SheWolf View Post
    I am far from clueless about wealth Turtledude.. I know a lot of really wealthy people in my own family. People who go on vacations in Africa and go on hunting safaris and take private planes to Alaska for hunting expeditions. I also know that there is a limited number of people who can actually do those things, and a far more limited number of people who can fly everywhere on a private jet and have basketball courts and private movie theaters inside their house.... and own several houses

    Yep.. there are a lot of wealthy people in America... and I read that something like 40% of them think they are in the top 2%.. seems they don't have a grasp of their own wealth. I have a grasp of wealth and I have seen a lot of it, so I am not clueless but to act like the average CPA, doctor, or lawyer has more $$$ than Buffet isn't reality..
    that really has no relevance to anything I have said. I was pointing out that most of those in the top 2% are NOT like Buffett



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

    Quote Originally Posted by TurtleDude View Post
    you do understand that charity does not involve the government taking from some to buy the votes of others. YOu do realize that those who are against socialist governments tend to be far more generous than those who support forced income redistribution. You do realize that when dealing with politicians, maintaining power is always a factor so pardon me if I don't buy into the BS that liberal polticians are operating from an altruistic position
    Did you read what I said? Did you happen to read what I said? Maybe you should reread what I said!!!! Maybe you should reread my above post. Did you read what I said? Did you read what I said? Reread what I said. Did you read what I said? Did you read what I said? Did you read what I said? Did you read what I said? Reread please. Did you read what I said? Did you read what I said? Did you read what I said? Did you read what I said? Reread please. Did you read what I said? Did you read what I said? Did you read what I said? Did you read what I said? Did you happen to read what I said? Did you read what I said?

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