View Poll Results: Your opinion of the Buffet Rule

Voters
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  • It will hurt job creators

    15 30.00%
  • It will raise revenue and help the economy

    27 54.00%
  • It will promote laziness

    7 14.00%
  • It is the definition of socialism

    8 16.00%
  • It will help close the gap between the middle class and rich

    20 40.00%
  • It punishes the upper tier of social darwinism

    6 12.00%
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Thread: What are your feelings on the Buffet Rule?

  1. #31
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by jimbo View Post
    IMO, you actually have two different questions. Why are we losing jobs? and why are we not creating jobs? Both have different answers. As to losing jobs, restrictive government regulations and high labor costs are the largest contributors. When government requires vast amounts of time and monetary expenditure to effect a startup, that startup will go somewhere else. Example is the Keystone pipeline, bogged down in government restrictions. Similarly, when a company is denied the right to start a new manufacturing facility in a low wage, non union state, such as the Boeing new plant in SC, than the company will either move overseas, or the plane does not get built.

    As to producing jobs, companies need a favorable environment and capital to expand. Corporations do not gather money and store it under the mattress. Once again, a favorable environment, including a favorable labor market, is needed, but the added requirement of ample capital is needed. As we have seen, government intervention into the capital market is not necessarily based on market factors, but is generally agenda driven. Lower taxes provides more capital in the hands of job producers, which seldom remains stagnant, but must be put to work.
    I think it's much simpler than that. Corporations don't create jobs just because they can. They create jobs because they need more bodies. They need more bodies in a growing economy.

    For years, the general public was creating a false economy by easy credit, refinancing their homes and spending their equity on vacations, cars, yada yada yada. When [U]that[U] gravy train ran out, consumer spending dropped like a rock. The mindset went from, "We're in the money!!" to "What the hell happened to my money??"

    As consumers regain confidence in the economy, they'll start spending again. (They've started.) But until then, why would corporations create jobs? They're still making hard decisions on who to lay off and what plants/locations to shut down.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  2. #32
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by MaggieD View Post
    I think it's much simpler than that. Corporations don't create jobs just because they can. They create jobs because they need more bodies. They need more bodies in a growing economy.

    For years, the general public was creating a false economy by easy credit, refinancing their homes and spending their equity on vacations, cars, yada yada yada. When [U]that[U] gravy train ran out, consumer spending dropped like a rock. The mindset went from, "We're in the money!!" to "What the hell happened to my money??"

    As consumers regain confidence in the economy, they'll start spending again. (They've started.) But until then, why would corporations create jobs? They're still making hard decisions on who to lay off and what plants/locations to shut down.
    I think there are other reasons as well, but what you say I believe is a HUGE part of it. The big boom we had was indeed a false economy, yet people in business seem to think it was the "new norm" and think it can come back as it did before... and I think that is a false expectation.

  3. #33
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    Re: What are your feelings on the Buffet Rule?

    It's political posturing for the most part.
    The majority of millionaires pay a higher effective tax rate, than anyone else does, as it is.
    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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  4. #34
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    Re: What are your feelings on the Buffet Rule?

    It's neither or a economy booster or breaker, it's simply an election year stunt and an appeal to populism. I wouldn't be devastated if it was turned into legislation, but it's certainly not an issue that demands as much attention as it has been receiving of late.

  5. #35
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by Hare View Post
    It's neither or a economy booster or breaker, it's simply an election year stunt and an appeal to populism. I wouldn't be devastated if it was turned into legislation, but it's certainly not an issue that demands as much attention as it has been receiving of late.
    why would you not be bothered by the government taking more money from others to waste?

  6. #36
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by Harry Guerrilla View Post
    It's political posturing for the most part.
    The majority of millionaires pay a higher effective tax rate, than anyone else does, as it is.

    No one pays an effective rate of 30% except people with millions upon millions of earned income.

  7. #37
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by jimbo View Post
    Corporations do not gather money and store it under the mattress.
    Companies Shun Investment, Hoard Cash - WSJ.com
    The morality of abortion is not a religious belief, any more than the morality of slavery, apartheid, rape, larceny, murder or arson is a religious belief. These are norms of the natural law of mankind and can be legislated even in a completely religionless society.

  8. #38
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by ChuckBerry View Post
    mainly because they are uncertain what sort of confiscatory tax schemes the parasite in chief is intending-especially if that turd is reelected

  9. #39
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by TheLastIndependent View Post
    As you know, Congress will be taking a look at the Buffet rule in the upcoming days. How do you feel about it?

    100% in support of making that change. While it is not the be all and end all of tax reform, it is a beginning that is long overdue.
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  10. #40
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by TurtleDude View Post
    mainly because they are uncertain what sort of confiscatory tax schemes the parasite in chief is intending-especially if that turd is reelected
    Poll participants cite lack of attractive alternatives for deploying cash (34.3 percent), no common framework, tools and metrics to evaluate alternatives (13.6 percent), and siloed decision making (12.1 percent) as the biggest challenges in executing cash deployment strategies at their organizations.

    “We keep hearing from companies that they’re struggling to develop a shared framework and level playing field through which multiple teams can work together to determine the best use for cash reserves in the new year,” says Silber.

    “Getting your strategic house in order for cash reserve deployment should be the top resolution for corporate leadership teams in 2012.”


    Companies ready to deploy their cash reserves, Deloitte says | TechJournal
    The morality of abortion is not a religious belief, any more than the morality of slavery, apartheid, rape, larceny, murder or arson is a religious belief. These are norms of the natural law of mankind and can be legislated even in a completely religionless society.

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