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

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    44 66.67%
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Thread: Should the Buffett Rule" be made law?

  1. #51
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by lpast View Post
    Great post sam and right on target....when CEO pays became tied to stock value is when all the shenanigans began, whether or not the stock gain was sustainable or had any relation to the companies long term health didnt matter, CEOs got paid and recieved bonus'
    If I said it once I’ll say it again that humans are much too short term in their thinking to ever make pure free-market capitalism completely sustainable.

    Capitalism does have its (many) virtues, however it in its pure form isn’t a solid end-state solution for humans (in my opinion).

    Whereas focus solely on the whole sometimes ends up diminishing the individual, focus solely on the individual sometimes ends up diminishing the whole. I think we need to find a middle ground.

    We need to give some of these bankers a hard spanking (and not in a sexy way), too, for being so irresponsible with such large sums of money for the purpose of personal gain.

    And the only way to 'spank' a banker is to force-ably take away his money, make it harder for him to make money, or make him incapable of making money for a period of time; each of these have its own set of consequences, too, for the broader society they bank in.
    Last edited by David D.; 09-19-11 at 01:15 PM.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by David
    Capitalism does have its (many) virtues, however it in its pure form isn’t a solid end-state solution for humans (in my opinion).
    Oh that's not opinion, that's documented fact. Frankly it's the anarcho-capitalists that give libertarians and minarchists a bad name. They are so hardcore that they ignore accepted facts like market failures and inefficiencies do, in fact, exist. Private enterprise is not capable (or motivated) to handle all aspects of national maintenance. To think you can outsource things like police or national defense is just plain silly.

    So yeah, by definition pretty much any existing social/economic structure is a hybrid. The question is how much capitalism and how much socialism is accepted.

  3. #53
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    Re: Should the Buffett Rule" be made law?

    I wouldn't support the "Buffet Bill" first on principle and second because it's not a fair system as it is. Everyone having to pay their fair share to me means everyone has to pay something and that's not currently the case. I'd certainly support a flat tax on a % basis, I'd also support closing corporate and other loopholes, but I can't on principle support the class warfare bs this president wants to feed his base for his re-election.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  4. #54
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    Re: Should the Buffett Rule" be made law?

    The day the poor start to create jobs I'll be fine with taxing the rich.
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
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    Re: Should the Buffett Rule" be made law?



    Anyone besides me not forget this?
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
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  6. #56
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    Re: Should the Buffett Rule" be made law?

    Which middle income Americans?
    Seeing that we have at least 5 tax rate brackets, before deductions.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  7. #57
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by DontDoIt View Post
    The day the poor start to create jobs I'll be fine with taxing the rich.
    The middle class creates jobs by creating demand and having money to pay for it. For example if a new singer named Luna C'Tuney comes out with a hit album named Luv m'Babe that everyone wants, people feel a demand for it and spend money on it. Then there are jobs involved in packaging it and distributing it, on a promotional tour, etc. It's the demand that creates the jobs, not the rich person. If Luna C'Tuney is a zillionaire and records a great album, it doesn't matter one bit unless a lot of people want to buy and have money to do so. That demand lies in the middle class mainly. In other words, a healthy middle class desiring things creates jobs.

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    Re: Should the Buffett Rule" be made law?

    To add, instead of doing all this to placate the wealth distribution crowd, why not create greater tax incentives for lower income people to invest?
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Should the Buffett Rule" be made law?

    Because you're cutting into their iPod and plasma TV money by making them invest.

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    Re: Should the Buffett Rule" be made law?

    I'll say the same thing I have always said....

    Until we remove EVERY SINGLE PENNY of illegal, immoral, and unConstitutional spending from the US Budget, and implement means to ensure that it can never be put back into the budget, I don't want to see ANYONE have to send another penny to the Federal Government.

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