View Poll Results: Should the Buffett Rule" be made law?

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  • Yes

    44 66.67%
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    17 25.76%
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    4 6.06%
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Thread: Should the Buffett Rule" be made law?

  1. #101
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    It appears you are wildly uninformed as to what the new proposal is, TD
    Why don't you try to explain it and then justify the economics of what is clearly political pandering



  2. #102
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by haymarket View Post
    There is nothing confusing here aside from your cheeseburger reference which is a mystery.

    Social Security is a societal program which benefits society. It is NOT an IRA and should not be confused with one by equating benefits. To do that is a fallacy as well as intellectually dishonest since it attempts to ignore the societal aspect of Social Security. Please note the name of the program. It is not Your Individual Retirement Benefit.

    In point of fact you get the benefit of living in a society where older people have a decent standard of living and you benefit in that situation as it benefits the entire nation.
    Like most dem schemes it benefits their voters while costing people like me money we could better spend on other things or invest better

    I don't derive any benefits from that ponzi scheme



  3. #103
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Tigger View Post
    "Good or Bad for America" is really irrelevant in terms of Taxes until we get a handle on SPENDING.

    IF, after we have reduced spending to its Constitutionally mandated limitations we still need Tax Increases to cover our expenses, then I'd be all for it. However, the political types will never even consider that type of reduction in spending because we'd see just how much excess income the US Government would have at the current tax rates.

    That's a bad argument. There is no reason to NOT fix this situation. It's just an argument to not eliminate the inequity.



    Quote Originally Posted by TurtleDude View Post
    why don't you explain how this works. So what the moron in chief wants to do is to change capital gains and dividend taxes so that the "rich" pay as much as the very top of the middle class. what about the rest of us "rich" who pay more than either. Are we gonna get a reduction

    there are reasons way beyond obumble's ability to comprehend why tax rates on LTCG (inflation for example) and dividends (double taxation) are lower than on earned income

    he is pandering based on politics and his proposals are not based on rational economic facts
    Quote Originally Posted by TurtleDude View Post
    Why don't you try to explain it and then justify the economics of what is clearly political pandering

    I did explain it. And they have this new invention, called Google. If you're going to spout off about it, you should know wtf you're talking about. Because, it looks really silly to be shouting about something you clearly are uninformed about.
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  4. #104
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    That's a bad argument. There is no reason to NOT fix this situation. It's just an argument to not eliminate the inequity.
    What "situation" would that be? If you're talking about the rich "not paying their fair share", I'd make the same suggestion about the poor. The only truly "fair" way to fix the tax system is to go to a flat tax (say 5-7%) of all "new" income; which I would define as income from sources which did not rely on an investment of previously taxed income (this would remove all taxes on capital gains, stock sales, etc...). There would be no deductions allowed for anyone. At 5%, if you make $1000 a year, that's $50 you owe. If you make $100,000 you owe $5,000. If you make $10,000,000 you owe $500,000. Nice, clean, simple, and EVERYONE gets to pay their fair share.

  5. #105
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    Quote Originally Posted by TurtleDude View Post
    Like most dem schemes it benefits their voters while costing people like me money we could better spend on other things or invest better

    I don't derive any benefits from that ponzi scheme
    What the hell do turtles invest in anyways?

    Cleaner lakes? More hiding places?

  6. #106
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by David D. View Post
    What the hell do turtles invest in anyways?

    Cleaner lakes? More hiding places?
    munitions so when the public teat runs dry and the sucklers riot I can deal with the rabble



  7. #107
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by TurtleDude View Post
    munitions so when the public teat runs dry and the sucklers riot I can deal with the rabble
    Seems like a piss poor investment choice unless the munitions are cast of gold/silver
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #108
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Tigger View Post
    What "situation" would that be? If you're talking about the rich "not paying their fair share", I'd make the same suggestion about the poor. The only truly "fair" way to fix the tax system is to go to a flat tax (say 5-7%) of all "new" income; which I would define as income from sources which did not rely on an investment of previously taxed income (this would remove all taxes on capital gains, stock sales, etc...). There would be no deductions allowed for anyone. At 5%, if you make $1000 a year, that's $50 you owe. If you make $100,000 you owe $5,000. If you make $10,000,000 you owe $500,000. Nice, clean, simple, and EVERYONE gets to pay their fair share.

    The situation that the millionaire's minimum tax addresses: where hedge fund managers and the like pay a lower rate than the middle class.


    And, disagree on the flat tax.
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  9. #109
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Goldenboy219 View Post
    Seems like a piss poor investment choice unless the munitions are cast of gold/silver
    you can invest in food, I invest in munitions. if there is famine which one of us is going to eat



  10. #110
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    Re: Should the Buffett Rule" be made law?

    To OP:

    Warren Buffet is one of the few "Rich Guys" I am OK with. But their is not enough information for me to make my quick judgement to start rambling about. I guess I will talk about it on Monday when the "Buffet Rule" is revealed.
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