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

from Turtle

The only way to stop the deficit is to make the deficit a problem for the vast majority of the voters.
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If , and that is a very large word, that is true, the answer is education of the public and not advocating programs which would effectively repeal two previous Constitutional amendments.

that means the deficit will continue to grow because the tax hikes on the "rich" won't come close to making up the spending the rest of the voters clamor for.
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Then perhaps they will have to be raised again.

the second thing we need are judges who won't rubber stamp that many and expansive government programs that are not constitutionally proper
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In washington DC there is a structure called The Supreme Court Building. The men and women on the Court already perform this task and have been doing so for over two centuries now. You simply must keep up.

the third thing is we need to make dependence by those who are not disabled much less comfortable
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aha - a variation on 'the floggings will continue until morale improves'.
 
haymarket said:
You want to know how additional hundreds of billions of dollars will help?

We can do several things with it that we are not now doing

1- we can use it to decrease the deficit
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We can reduce spending and decrease the deficit.

2- we can use it to rebuild some of our failing infrastructure or to fund the types of public service programs that Turtle just suggested and endorsed or other good things

3- we can use it for a combination of both
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When the economy improves, then we'll have money to spend on bridges, not to mention that billions in fuel taxes and 2290's are paid every year and that money is supposed to go towards our, "failing/crumbling", infrastructure.

So, again, what's the alternative to truickle down economics, that will work even better?
 
haymarket said:
from Turtle



If , and that is a very large word, that is true, the answer is education of the public and not advocating programs which would effectively repeal two previous Constitutional amendments.



Then perhaps they will have to be raised again.



In washington DC there is a structure called The Supreme Court Building. The men and women on the Court already perform this task and have been doing so for over two centuries now. You simply must keep up.



aha - a variation on 'the floggings will continue until morale improves'.
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Haymarket has a real issue with cutting down the spending his dem masters use to buy votes

the supreme court under FDR screwed the pooch when it came to doing their duty on this issue
 
TurtleDude said:
easy

the first thing to do is to create a tax system where one group cannot vote up the rates of another group without paying more themselves. that would stop the pandering

secondly, we need to stop economic incentives for irresponsible parents to continue to breed.

third, those on the dole would be required to engage in public service-be it picking up trash on the highways or removing graffitti on buildings. yes there are some on the dole who cannot work but there are plenty who can. As a Young attorney I spent alot of time in "Room A" (arraignments) of the county courthouse and I saw lines of those on PA charged with all sorts of crimes. If you are fit enough to rob a hot dog stand operator or jack some guy's car you are fit enough to do some manual labor
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We should make people who are criminals do these things and not innocent poor folks:(
 
TurtleDude said:
the only way to stop the deficit is to make the deficit a problem for the vast majority of the voters. right now it isn't and the dem scheme to raise ONLY the taxes of the top 2% SENDS A MESSAGE to the rest of the voters that DEFICIT reduction IS NOT THEIR DUTY NOR WILL THEY HAVE TO SUFFER tax increases to accomplish this

that means the deficit will continue to grow because the tax hikes on the "rich" won't come close to making up the spending the rest of the voters clamor for.

right now the dems buy votes this way. and the dems won't engage in serious spending cuts because that will impact their ability to buy votes with social spending.

the first thing we need is a flat tax. if everyone is faced with tax hikes (or benefit reductions) due to more government expansion, EVERYONE will have an incentive to stop such nonsense.

the second thing we need are judges who won't rubber stamp that many and expansive government programs that are not constitutionally proper

the third thing is we need to make dependence by those who are not disabled much less comfortable
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Do you really think poor peeps living in public housing and on foodstamps are all cozy and comfortable? I mean really? REALLY?
 
Kali said:
We should make people who are criminals do these things and not innocent poor folks:(
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if you are living off the labor of others why shouldn't you have to pitch in and help society?

why should the wealthy be punished by having to pay for people who give them nothing in return> if so why not the reverse?
 
Kali said:
Do you really think poor peeps living in public housing and on foodstamps are all cozy and comfortable? I mean really? REALLY?
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have you ever been to say Columbia or Bolivia or Bangladash or India or China or Albania and seen how the truly poor live?
 
TurtleDude said:
if you are living off the labor of others why shouldn't you have to pitch in and help society?

why should the wealthy be punished by having to pay for people who give them nothing in return> if so why not the reverse?
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Why should they be treated like less than equal because they need helping hand? Should we also make em clean port a potty's? Most times a lot of folks out of work and poor feel as if they are stripped of their diginity just by having to seek help and you wish to add to that by treating them like 2nd class citizens? Have a heart please.
 
TurtleDude said:
have you ever been to say Columbia or Bolivia or Bangladash or India or China or Albania and seen how the truly poor live?
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No sir I have not and the topic is poor peeps here in USA. At least that is what I am talking about and have seen people who live under bridges and in boxes on side of streets.
 
Kali said:
Why should they be treated like less than equal because they need helping hand? Should we also make em clean port a potty's? Most times a lot of folks out of work and poor feel as if they are stripped of their diginity just by having to seek help and you wish to add to that by treating them like 2nd class citizens? Have a heart please.
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If you want them to be treated equally then they should have an equal stake in paying for what they take and use like the rest of them

if you are on the public dole you are being treated like a second class citizen.

and tough love sometimes is real love
 
Kali said:
No sir I have not and the topic is poor peeps here in USA. At least that is what I am talking about and have seen people who live under bridges and in boxes on side of streets.
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that's not from a lack of money for the poor. that is almost due to drug abuse or serious mental illness or both
 
and do you have the objective research to prove that statement Turtle?
 
pbrauer said:
Trickle Down economics has been debunked several times over the years, however it's nice to see a billionaire say it. Trickle Down produces a nation of peons.
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And what does a welfare state do? Ask Buffett when his last welfare check arrived?
 
TurtleDude said:
that's not from a lack of money for the poor. that is almost due to drug abuse or serious mental illness or both
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Or that the homeless shelters are full and they have nowhere else to go:(
 
Kali said:
Do you really think poor peeps living in public housing and on foodstamps are all cozy and comfortable? I mean really? REALLY?
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If they're not and they don't like it, then they should get off their asses and get a job that will make all cozy and comfortable.
 
Kali said:
Why should they be treated like less than equal because they need helping hand? Should we also make em clean port a potty's? Most times a lot of folks out of work and poor feel as if they are stripped of their diginity just by having to seek help and you wish to add to that by treating them like 2nd class citizens? Have a heart please.
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It's their rseponsibility to retain their dignity. Not mine.
 
apdst said:
It's their rseponsibility to retain their dignity. Not mine.
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that seems to be lost on more than a few posters. They think we have a duty to respect and help those who won't respect and help themselves.

its kind of what Jeffrey Snyder (A NATION OF COWARDS NOTED).

If you aren't willing to make your personal safety your most important individual responsibility why should some cop or rentaguard make your personal safety his most important duty?
 
apdst said:
If they're not and they don't like it, then they should get off their asses and get a job that will make all cozy and comfortable.
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Because it's so easy to get a job right now.

I was just reading an article about a woman who used to make six figures, lost her job and later her home, burnt through all of her savings, and is now selling her wedding ring to avoid having to sleep in her car. She's tried to find a job, any job. Even crappy ones. She's been repeatedly told she's overqualified.It's not just lazy people or poor people who are struggling. This woman was rich. This can happen to you too.
 
I posted this in another thread but it work here as well:

 
TurtleDude said:
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
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Silly turtle, who benefits the most from eliminating the possibility of systemic runs on U.S. banks?
 
Goldenboy219 said:
Silly turtle, who benefits the most from eliminating the possibility of systemic runs on U.S. banks?
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Hard to say. most rich people have assets in other places. Many middle class americans only have savings and their home equity
 
apdst said:
If they're not and they don't like it, then they should get off their asses and get a job that will make all cozy and comfortable.
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The job market sucks and you know what? People that are living in small towns? Sometimes who you are and where you come from gets you the job and the snobby folks doing the hiring? They toss out those that live in the projects. This is a fact of life and so maybe you need to understand reality.
 
apdst said:
It's their rseponsibility to retain their dignity. Not mine.
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Really? Do you think that way about all victims?

You admit that you could care less about people being treated as if they are animals and they are suppose to retain their dignity while doing so? I think you need to get a heart
 
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TurtleDude said:
that seems to be lost on more than a few posters. They think we have a duty to respect and help those who won't respect and help themselves.

its kind of what Jeffrey Snyder (A NATION OF COWARDS NOTED).

If you aren't willing to make your personal safety your most important individual responsibility why should some cop or rentaguard make your personal safety his most important duty?
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Are you Kidding ME?? I guess we should not expect cops to do their JOBS?
 
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