The Buffett rule

[Engineer]

uh, you do see how many posts i make, don't you? :whiste:

LOL...working less as in not getting paid....not posting from work, lol!

By the way, I agree with the OP that EVERYONE needs to pay more. You want stuff, you need to pay for it, period.

 

[bfdd]

Take 30% from everyone, no deductions, no tax credits, nothing. If you don't like it? Don't make any money then.

 

[HomerJS]

Some of the proposals Obama has suggested shows that he (or whomever wrote it for him) have little to no idea how financial markets or investment instruments work, at all.

Case in point, in his American Jobs Bill or whatever the fuck his naming machine called it, he wants to reduce the tax advantage of municipal bonds (currently 0% state and federal).

Most lefties would jump up and down saying what a good idea that is, how these rich people shouldn't be getting anything tax free, etc. Unfortunately, once you do that, the market will correct the interest rates that municipalities currently borrow at to higher levels, to ensure similar returns, hence passing the "tax increase" directly to the state or local government, making it more expensive to borrow.

Supposedly, tactics like this will help these small governments. It won't do that, but it is a shining example of how little Mr. Obama's gang understands the real world.

The crash of 2007-2008 shows the financial and investment markets have no idea how financial markets and investment instruments work

 

[JS80]

lol Buffett is backtracking http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html

what a piece of shit tool

 

[rchiu]

lol Buffett is backtracking http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html

what a piece of shit tool

naa, he was just being used by a piece of shit admin to push their agenda.

 

[werepossum]

lol Buffett is backtracking http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html

what a piece of shit tool

Wow. Buffett is as disingenuous as any politician.

I do see his point, although LOL at him trying to make it without admitting he disagrees with Obama. I don't think there is any moral justification at taxing someone at a higher rate if he works for a living than if he invests his money to make his living. That's different from Obama's punish the high earners plan. (In Obama's defense, raising capital gains tax rates will probably cost more jobs than will raising top marginal wage rates.)

 

[dank69]

Buffett not letting 'Buffett Rule' get confused with 'let bush tax cuts expire on people making $250k+/yr' equals backtracking. Fucking hacks.

 

[Jaskalas]

Buffett not letting 'Buffett Rule' get confused with 'let bush tax cuts expire on people making $250k+/yr' equals backtracking. Fucking hacks.

Buffet: I don't pay enough taxes
Obama: Millionaires tax!
Buffet: I meant people who don't pay much to begin with
------------------------------------------
Partisan Hack: Expire the Bush tax cuts!

 

[blackangst1]

lol Buffett is backtracking http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html

what a piece of shit tool

Where in the interview did he backtrack? (I didnt watch the video just read the transcript).