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

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

    Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

    Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    He is correct: it does not work.

    Did not watch the video though
    ~Following My Own Flow~

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

    Quote Originally Posted by JohnWOlin View Post
    Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

    Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
    Surprise! I think I can agree with him. He said people like himself should be taxed more. OK then... he is worth 37 Billion dollars. We can maybe tax Billionaires the 3% more. He also agrees with the report that just came from the debt commision. It his tons of spending cuts in it, many that the liberals will not like.
    Catawa is my favorite bleeding heart liberal.
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    Warren Buffett: 'Trickle Down' Theory Hasn't Worked (VIDEO) | TPMDC

    Now I would think if I were a Democrat or Republican, I would listen to one of the richest men in the world that made most of his money just by figuring out ways to push money around in the right direction. I dunno, that's just me.
    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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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Barbbtx View Post
    Surprise! I think I can agree with him. He said people like himself should be taxed more. OK then... he is worth 37 Billion dollars. We can maybe tax Billionaires the 3% more. He also agrees with the report that just came from the debt commision. It his tons of spending cuts in it, many that the liberals will not like.
    3%? Ha more like 50%. Buffett is a staunch DNC supporter. He also believes and I quote Buffett, "It's class warfare, my class is winning, but they shouldn't be."
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    reagan came up with it and while it is a nice idea? It did not and does not work
    ~Following My Own Flow~

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

    Quote Originally Posted by pbrauer View Post
    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.
    What do you mean? If it worked? It would be a wonderful thing
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Trickle-Down



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

    Quote Originally Posted by Kali View Post
    reagan came up with it and while it is a nice idea? It did not and does not work
    Actually he just slapped a new label on it. It was around in the late 1800's under the name "horse and sparrow" economics. Feed the horse all the berries, it leaves seeds for the birds. You can see why it was renamed.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by pbrauer View Post
    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.
    What do you propose? Creating a nation of government dependent robots?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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