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

TurtleDude said:
more bs-and that article you quoted was wild--that moron wants to jack up taxes ban most inheritances etc. sounds like a guy who hates the rich-typical blather from truthout-a main source of moonbat guano.

so can you answer the question-do you want all of the bush era tax cuts to expire or do you just want to jack up taxes on the rich so the rest of the country continues to think that deficit reduction is not something they need to be engaged in
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I don't believe the 2 lowest tax brackets should have their taxes effected and as far as I know they won't really anyways. I think a new tax bracket should be created for the super rich and the billionares, and that the tax brackets should be moved around a little bit. But you are dismissive of EVERYTHING even when one of your own says it on a video that would have more financial experience in his right hand than we all have in this forum combined. So why do we continue this waste of words?
 
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Lord Tammerlain said:
Trickle up of course

A strong middle class is the strength of any country, not a strong upper class. A strong middle class provides a good consumer base, political stability and overall economic strenght. A small or shrinking middle class with growing lower class and upper class generally leads to political instability and eventual economic weakness
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I dont know what a trickle up policy would look like but I agree that a strong middle class helps everyone.
 
TurtleDude said:
a has been who has not been relevant in over 25 years? Yawn

so tell me PB-are you in favor of letting all the Bush era tax cuts expire or just raising taxes on the "rich"
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I am in favor of all the Bush tax cuts to expire.
 
apdst said:
That's still trickle down economics...:rofl

BTW, where is the strong middle class going to get it's economic strength from?
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No it is not. Trickle down or horse and sparrow gives massive breaks to the wealthy so that they will spend money and employ everyone else. A strong middle class has never been the long term result of trickle down economics.
 
JohnWOlin said:
I don't believe the 2 lowest tax brackets should have their taxes effected and as far as I know they won't really anyways. I think a new tax bracket should be created for the super rich and the billionares, and that the tax brackets should be moved around a little bit. But you are dismissive of EVERYTHING even when one of your own says it on a video that would have more financial experience in his right hand than we all have in this forum combined. So why do we continue this waste of words?
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Basically economic policies of the US before the early 70s
 
apdst said:
That's still trickle down economics...:rofl

BTW, where is the strong middle class going to get it's economic strength from?
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The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
 
Lord Tammerlain said:
Basically economic policies of the US before the early 70s
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These are the budget items and the 2010 budget. Is there anyone here that believes we need this size of a federal govt? Expiration of the Bush tax cuts will do nothing to put 16 million people back to work nor will any revenue collected be put towards the 14 trillion dollar debt. Some people here better learn how to think.

Receipt 2010

Individual Income tax 898.5
Corporate Taxes 191.4

Total 1089.9

SS/Unemploy/Other 864.8

Excise Taxes 66.9


Total Revenue 2021.6

Expenses

Defense 696.1
International Affairs 45.2
Gen. Science, Space 30.9
Energy 11.5
Natural resources/env 41.6
Agriculture 23.2
Commerce -82.9
Transportation 92.5
Community Dev 24.5
Education/Train/Social 125.1
Health 369
Medicare 451.6
Income Security 624
Social Security 706.7
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9


Total 3537.6
 
Lord Tammerlain said:
The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
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who spends all that money on foreign wars?
 
Lord Tammerlain said:
The middle class with its savings from well paying jobs producing actual goods and services, rather then spending billions on foriegn wars, that drain the US economy. An economy that does not focus on building more and more debt as a means to fuel consumption, but relies on actual income and savings to do it
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What is the budget of Canada? Does your country have a 3.5 trillion dollar budget?
 
Conservative said:
These are the budget items and the 2010 budget. Is there anyone here that believes we need this size of a federal govt? Expiration of the Bush tax cuts will do nothing to put 16 million people back to work nor will any revenue collected be put towards the 14 trillion dollar debt. Some people here better learn how to think.

Receipt 2010

Individual Income tax 898.5
Corporate Taxes 191.4

Total 1089.9

SS/Unemploy/Other 864.8

Excise Taxes 66.9


Total Revenue 2021.6

Expenses

Defense 696.1
International Affairs 45.2
Gen. Science, Space 30.9
Energy 11.5
Natural resources/env 41.6
Agriculture 23.2
Commerce -82.9
Transportation 92.5
Community Dev 24.5
Education/Train/Social 125.1
Health 369
Medicare 451.6
Income Security 624
Social Security 706.7
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9


Total 3537.6
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So what would you cut to put us at 2021.6
 
ender1 said:
So what would you cut to put us at 2021.6
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a real libertarian would start with the stuff that is not constitutionally proper
 
Conservative said:
I always knew you believed in big govt. and someone to provide for all that you want, not necessarily need.
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And I always knew that you were NOT fiscally responsible as the GOP claims to be. The is noway we're going pay dpwn the debt unless we get more revenue.
 
ender1 said:
So what would you cut to put us at 2021.6
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I have done this many times.

Defense 696.1
International Affairs
Gen. Science, Space 30.9
Energy
Natural resources/env
Agriculture
Commerce
Transportation
Community Dev
Education/Train/Social
Health 369
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9


Total 1474.6
 
pbrauer said:
And I always knew that you were NOT fiscally responsible as the GOP claims to be. The is noway we're going pay dpwn the debt unless we get more revenue.
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you do understand the dem scheme of jacking up taxes only on "the rich" is a ploy to continue to buy the votes of the many by claiming only "the rich" will have to fund the increased spending. This is dishonest

so do you support ending all the tax hikes or ending alot of the spending that the dems use to buy your vote?
 
ender1 said:
Like dept of education, dept of energy.
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bingo. and we have stuff like SSI which is paid for with the income tax revenue which is clearly unconstitutional
 
Conservative said:
I have done this many times.

Defense 696.1
International Affairs
Gen. Science, Space 30.9
Energy
Natural resources/env
Agriculture
Commerce
Transportation
Community Dev
Education/Train/Social
Health 369
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9


Total 1474.6
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So you basicly want to kill these:
Medicare 451.6
Income Security 624
Social Security 706.7
 
TurtleDude said:
bingo. and we have stuff like SSI which is paid for with the income tax revenue which is clearly unconstitutional
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OK, lets keep going and cut the deficit and save 196 billion.
 
ender1 said:
OK, lets keep going and cut the deficit and save 196 billion.
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so you oppose limiting the federal government to within its proper borders?
 
pbrauer said:
And I always knew that you were NOT fiscally responsible as the GOP claims to be. The is noway we're going pay dpwn the debt unless we get more revenue.
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You don't have to raise income tax rates to get higher revenue. When you have a debt of 14 trillion dollars the only way out is to grow your way out and that is promoting the private sector growth.
 
TurtleDude said:
so you oppose limiting the federal government to within its proper borders?
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I know where you are going and nobody is going to change the tax system we have.
 
ender1 said:
So you basicly want to kill these:
Medicare 451.6
Income Security 624
Social Security 706.7
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All those are funded by their own taxes and should be taken off budget. No one is killing anything, just put it where it belongs, in its own separate account that Congress can not touch.
 
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