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Old 04-10-2012, 10:56 AM  
Bewbies Bewbies is offline
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How the Buffett Rule will save America

If you're on the fence about the Buffett Rule, don't be. It's sound fiscal policy that will cut the deficit before you can blink.

See graph.

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Old 04-10-2012, 11:00 AM   #2
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I support the Buffett rule, but I have to admit that it's pretty inconsequential as far as the actual budget goes. The Administration has admitted that, too, however.
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Old 04-10-2012, 11:17 AM   #3
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Doesn't Berhire Hathaway still owe about a Billion in back taxes?
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Old 04-10-2012, 11:17 AM   #4
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Originally Posted by FishingRod View Post
Doesn't Berhire Hathaway still owe about a Billion in back taxes?
Nothing to see here. His secretary pays a higher tax rate!!
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Old 04-10-2012, 11:18 AM   #5
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I support the Buffett rule, but I have to admit that it's pretty inconsequential as far as the actual budget goes. The Administration has admitted that, too, however.
Why does one raise taxes if it doesn't raise revenue enough to matter?
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Old 04-10-2012, 11:18 AM   #6
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If Obama had an Grandfather he would look like Warren Buffett
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Old 04-10-2012, 11:23 AM   #7
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Why does one raise taxes if it doesn't raise revenue enough to matter?
First, it doesn't not matter. There would be revenue, and that revenue would help pay for things.

Secondly, there's an impression that is realistic: the American dream is dying for all but the very rich in this country; the rules tilt towards favoring the rich; Congress only cares about the rich and caters to them; everyone else is being left behind.

There's more than one way to ruin a country, and class resentment is an important concern in this current political climate.

The question that's more important to me is, is Obama fueling or leading the class resentment (which would most likely be a bad move), or is he responding to it?
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Old 04-10-2012, 11:25 AM   #8
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If Obama had an Grandfather he would look like Warren Buffett
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Old 04-10-2012, 11:37 AM   #9
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Originally Posted by Literature View Post

The question that's more important to me is, is Obama fueling or leading the class resentment (which would most likely be a bad move), or is he responding to it?
You know the answer to this, you just don't want to admit it.
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Old 04-10-2012, 11:42 AM   #10
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You know the answer to this, you just don't want to admit it.
Did Obama orchestrate Occupy Wall Street? Did he do anything to push it? You probably want to think he did, but there's absolutely nothing to that argument. Opponents of Obama desperately want to paint him as a socialist who hates rich people, but former supporters of Obama dislike him because he's a sellout to rich corporate and financial interests. How are these not incompatible critiques of the Obama Administration?
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Old 04-10-2012, 11:45 AM   #11
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Originally Posted by Literature View Post
First, it doesn't not

The question that's more important to me is, is Obama fueling or leading the class resentment (which would most likely be a bad move), or is he responding to it?
You meant that rhetorically, correct?
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Old 04-10-2012, 11:50 AM   #12
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The point I was making is, if his company does indeed owe a billion dollars what difference does the tax rate make if the uber rich aren’t going to bother to pay what they owe?. Kind of like congress and cabinet members.
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Old 04-10-2012, 11:56 AM   #13
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The point I was making is, if his company does indeed owe a billion dollars what difference does the tax rate make if the uber rich arenít going to bother to pay what they owe?. Kind of like congress and cabinet members.
I'm not familiar with the litigation his company makes, but several things are important to keep in mind: one is that Berkshire Hathaway and Warren Buffet are not legally nor ethically synonymous. Berkshire Hathaway is a corporation made up of executives and directors who owe duties to shareholders. Warren Buffet is a single person with his own views. Another thing is that the government still has to follow the correct procedures of collecting.
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Old 04-10-2012, 12:59 PM   #14
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Originally Posted by Literature View Post
Did Obama orchestrate Occupy Wall Street? Did he do anything to push it? You probably want to think he did, but there's absolutely nothing to that argument. Opponents of Obama desperately want to paint him as a socialist who hates rich people, but former supporters of Obama dislike him because he's a sellout to rich corporate and financial interests. How are these not incompatible critiques of the Obama Administration?
So because folks at occupy think of Obama as a sellout he has no ties to them? Do your homework kid.

Obama can't point to anything he's done as a reason to vote for him, so he's (via his team) have ginned up class warfare, and you're beginning to see racial chaos as well.
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Old 04-10-2012, 01:12 PM   #15
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So flat tax it then.

Moreover, if Buffet's "secretary" is paying in the 30%+ bracket doesn't she come awfully close to Obama's "people who make over $250K/yr" boogeyman?

Also, why isn't Obama suggesting means testing for medicare and social security as part of his Buffet plan? Dickbag.
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