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What are your feelings on the Buffet Rule?

Your opinion of the Buffet Rule

  • It will hurt job creators

    Votes: 11 29.7%
  • It will raise revenue and help the economy

    Votes: 19 51.4%
  • It will promote laziness

    Votes: 7 18.9%
  • It is the definition of socialism

    Votes: 6 16.2%
  • It will help close the gap between the middle class and rich

    Votes: 16 43.2%
  • It punishes the upper tier of social darwinism

    Votes: 5 13.5%

  • Total voters
    37
So...TD, did you catch the part I had to add...with Turn Turn Turn and Where have all the flowers gone?

Here...


"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

Is this what you see happening....in your humble opinion?

I don't know if we will end up with a dictatorship but the way things are going, the masses will demand more and more and one day the public teat will run dry and the suckers of the public teats will go ballistic.

The dems win elections by promising the many that they don't have to pay for what they want-others will, the GOP is too cowardly to cut the public teat pipeline so its going to continue to get worse.
 
That would the far right view, the liberal view is what is best for our economy and our fellow citizens.

the public teat is what you find best for you and your masters who keep it filled with milk. You are much like an addict who claims that the pushers are looking out for you and those who want you to kick the habit are mean evil republicans
 
the public teat is what you find best for you and your masters who keep it filled with milk. You are much like an addict who claims that the pushers are looking out for you and those who want you to kick the habit are mean evil republicans

Just more of your usual class war rhetoric against the working class, still without providing any evidence at all to back up your claims.

No surprise there!
 
I don't know if we will end up with a dictatorship but the way things are going, the masses will demand more and more and one day the public teat will run dry and the suckers of the public teats will go ballistic.

The dems win elections by promising the many that they don't have to pay for what they want-others will, the GOP is too cowardly to cut the public teat pipeline so its going to continue to get worse.

The only power the government really has...TAXING! It buys votes. But they're breaking the bank buying votes. Well, actually it is broke. What's wrong with this picture? The voters who cash in...or the politicians who are taking cash out?

We have something seriously wrong in the system. But it'll have to crash before anybody does anything.
 
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"As a reminder, as we pointed out yesterday, the US just posted the largest ever March budget deficit in history of nearly $200 billion, which followed the single largest monthly budget deficit on record of $232 billion. Keep those numbers in mind, because they frame, in a very, very, very aggressive case, the bottom and top range of what the entire Buffett Rule would offset in terms of gained revenue. As rick explains, assuming one taxes an upper estimate of those eligible for the Buffett Rule (indicatively 225,000 people but realistically far less) an incremental $1 million, the offset would be $225 billion over the proposal's life. Which is not enough to even plug one month of US deficit. And that is what all the posturing is about."
 
Just more of your usual class war rhetoric against the working class, still without providing any evidence at all to back up your claims.

No surprise there!

Its not class warfare to say I have no duty to pay more taxes than my proper share for those who are not smart enough or educated enough to earn enough money to pay for what they want

Benign neglect might bother you but it does not justify your malignant parasitic attitudes towards those more talented than you are
 
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"In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America."

Who Rules America: Wealth, Income, and Power
 
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"In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America."

Who Rules America: Wealth, Income, and Power


how does that relevant as to you not paying for what you want?
 
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"In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America."

Who Rules America: Wealth, Income, and Power

Cat, the irony is...the rich can't be rich without the poor. So if the poor class continues to rise, it's bad news for the government, but not bad news for the rich.

If everybody got an even share of all the wealth that exists in America...everybody would be doomed to poverty....eventually. Think about it.
 
Its really not too hard to grasp that consumers are required for a consumer based economy to prosper.
No one is disputing that, and that's not what I asked you to support with data. You claimed that lower taxes on the wealthy resulted in less money for the middle class. Do you have any data to support that claim? I won't ask you again.
 
No one is disputing that, and that's not what I asked you to support with data. You claimed that lower taxes on the wealthy resulted in less money for the middle class. Do you have any data to support that claim? I won't ask you again.

He operates under the myth of zero sum gain or pure class warfare that holds that every dollar I own or is not taking from me by a malignant government is one less dollar that he will have (but what he deserves)

if you get good grades he will argue that causes the stupid kids to get Fs. If you are a good athlete you make the lazy couch potatoes slow and unskilled
 
Cat, the irony is...the rich can't be rich without the poor. So if the poor class continues to rise, it's bad news for the government, but not bad news for the rich.

If everybody got an even share of all the wealth that exists in America...everybody would be doomed to poverty....eventually. Think about it.

No one has suggested an even share of wealth. However, having a consumer class well off enough to a make our consumer based economy work is necessary.
 
No one is disputing that, and that's not what I asked you to support with data. You claimed that lower taxes on the wealthy resulted in less money for the middle class. Do you have any data to support that claim? I won't ask you again.

You will have to quote where I said that. It is has increased the National Debt that the working class is on the hook for however. What it hasn't done as advertised is create jobs, not in this country anyway. The tax breaks we provided for the wealthy were used to create jobs overseas.

Now the GOP is proposing that seniors will have to take the hit for the debt caused by 30 years of tax breaks for the wealthy.
 
You will have to quote where I said that. It is has increased the National Debt that the working class is on the hook for however. What it hasn't done as advertised is create jobs, not in this country anyway. The tax breaks we provided for the wealthy were used to create jobs overseas.

Lol... There is no jobs going overseas problem. Its only rhetoric. The vast majority of jobs that were here are still here with many new fields/companies that popped up since thirty years ago.

Now the GOP is proposing that seniors will have to take the hit for the debt caused by 30 years of tax breaks for the wealthy.

Tax cuts do not cause debt, spending does. Simply logic will tell you this. Simple logic will also tell you that cutting taxing while increasing spending raising debt, but it will still weigh on spending. So what is the problem again? Say it with me....spending..
 
He operates under the myth of zero sum gain or pure class warfare that holds that every dollar I own or is not taking from me by a malignant government is one less dollar that he will have (but what he deserves

Lets also add that they also believe in the idea of hording money so that everyone else just can't get it. Even if they also argue that the rich build useless empty homes. Apparently, they built these empty homes with slave labor and got the supplies through some sort of exchange that didn't need currency.
 
As you know, Congress will be taking a look at the Buffet rule in the upcoming days. How do you feel about it?


Well when I eat too much I really DO gain weight so thats a problem. Im also concerned about the seafood. Is it REALLY fresh!? And what about those dishes with mayo? Let me tell YOU, Ive had long nights in the washroom and I think its due to improper temperature control. And those damn crab legs! Seriously theres no MEAT in there! Dont get me started on their faux ice cream.
 
This would actually simplify things quite a bit. After hitting $1 million in AGI, it's a flat tax. Every dollar over $1 million is taxed at the exact same rate.

Granted though that the bulk of the tax law is not relevant to individuals directly.
 
You ought to take that crap to the conspiracy thread section where it belongs. Why did your messiah continue that war then?

The GOP war on Iraq was on behalf of big oil, the most profitable industry in the history of the world.

Not to mention the fact that the Iraq war was not exactly a GOP, or Bush war. 81 democrats in the House voted for the bill. Without the dem vote, Saddam would still be in power.
 
The GOP war on Iraq was on behalf of big oil, the most profitable industry in the history of the world.

Not to mention the fact that the Iraq war was not exactly a GOP, or Bush war. 81 democrats in the House voted for the bill. Without the dem vote, Saddam would still be in power.


A majority of Congressional Democrats voted against the Iraq war vs an almost unanimous majority of Republicans that voted for the war. Romney stated that the president withdrew troops from Iraq too soon. Romney has proposed to increase spending on the military/industrial complex, for which we already spend nearly as much as the rest of the world combined.

Thanks, but no thanks!
 
A majority of Congressional Democrats voted against the Iraq war vs an almost unanimous majority of Republicans that voted for the war. Romney stated that the president withdrew troops from Iraq too soon. Romney has proposed to increase spending on the military/industrial complex, for which we already spend nearly as much as the rest of the world combined.

Thanks, but no thanks!

why is your master still at war over there?
 
why is your master still at war over there?

The president withdrew all troops from from Iraq last year, despite protests from Romney that they should be left there, Romney proposes increasing military spending and the president proposes cutting military spending.

It is funny to see those who claim to be libertarian's back the biggest war monger however!
 
The president withdrew all troops from from Iraq last year, despite protests from Romney that they should be left there, Romney proposes increasing military spending and the president proposes cutting military spending.

It is funny to see those who claim to be libertarian's back the biggest war monger however!

its fun to see someone who slurps obama's bathwater when he said he was going to close GITMO and stop the war as soon as he was in office.
 
its fun to see someone who slurps obama's bathwater when he said he was going to close GITMO and stop the war as soon as he was in office.

He tried closing Gitmo, and never claimed he would end the war as soon as he was in office, and I was under no delusion that Obama was a liberal, just less of a war hawk that the alternative. Same situation in this election, he is less of a war hawk than the alternative.

Why do some that call themselves libertarians, say they will vote for the biggest military spender???
 
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He tried closing Gitmo, and never claimed he would end the war as soon as he was in office, and I was under no delusion that Obama was a liberal, just less of a war hawk that the alternative. Same situation in this election, he is less of a war hawk than the alternative.

Why do some that call themselves libertarians, say they will vote for the biggest military spender???



:lol: @ "he tried"......
 
Heres a bit information I found interesting, that bolstered my agreement with the buffet rule.

April 12, Washington, DC – with Tax Day approaching, a new U.S. PIRG report found the average tax filer in 2011 would have to pay $426 to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. the report additionally found that if they were to cover the cost of the corporate abuse of tax havens in 2011, the average American small business would have to pay $2,116.
“When corporations shirk their tax burden by shifting profits legitimately made in the U.S. to offshore tax havens like the Caymans, the rest of us must pick up the tab through either cuts to public spending priorities, higher taxes, or more debt,” said Dan Smith, Tax and Budget Associate for U.S. PIRG and one of the report’s co-authors. “Responsible small businesses are further hurt by corporate tax dodging because they are put at a competitive disadvantage since they can’t hire armies of well paid lawyers and accountants to use offshore tax loopholes.”

Taxpayers would Pay 6 to Make Up for Tax Haven Abuse, Small Businesses ,116 | Planet News
 
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