sMiLeYz
Platinum Member
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Warren Buffet speaks out
- Thread starter sMiLeYz
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dmcowen674
No Lifer
Beautiful, the guy says it like it is, the New American Caste System:
"Tax breaks for corporations (and their investors, particularly large ones) were a major part of the Administration's 2002 and 2003 initiatives," he wrote. "If class warfare is being waged in America, my class is clearly winning."
He explained that the trade deficit has him spooked. "In recent years our country's trade deficit has been force-feeding huge amounts of claims on, and ownership in, America to the rest of the world," he said. "Late in 2002, however, the world started choking on this diet, and the dollar's value began to slide against major currencies."
dmcowen674
No Lifer
Hey, Crimy, where have ya been?
While it may be easy for Billionaires to say anything it is unusual for a Billionaire to speak up against fellow Rich folk.
BaliBabyDoc
Lifer
What does Warren Buffet know about building a successful business? I would take Bush's accumen over Buffet any day of the week . . . on Mars.
EDIT: Hmm, OK Mars might be giving Bush too much credit . . .
EDIT: Hmm, OK Mars might be giving Bush too much credit . . .
CADsortaGUY
Lifer
Info on companies owned by Buffet's Hathaway.
I pay my electric/heating bills to this man, bought some of his funiture, walk on his carpet, wear his underwear, and sometimes eat at his dairy treat places.
Seems like this guy is always in my wallet...it's no wonder dave likes this guy😉
CkG
I pay my electric/heating bills to this man, bought some of his funiture, walk on his carpet, wear his underwear, and sometimes eat at his dairy treat places.
Seems like this guy is always in my wallet...it's no wonder dave likes this guy😉
CkG
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
sandorski
No Lifer
Originally posted by: Jmman
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
Taxes should at least cover the cost of government. Simply put, the current "Tax Cuts" are deferred Tax Increases. They are not "Tax Cuts" at all.
CADsortaGUY
Lifer
Originally posted by: sandorski
Originally posted by: Jmman
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
Taxes should at least cover the cost of government. Simply put, the current "Tax Cuts" are deferred Tax Increases. They are not "Tax Cuts" at all.
Meaning that the gov't spends WAY too much money. The Feds need to have their plate cleaned and sorted.
CkG
sandorski
No Lifer
Originally posted by: CADkindaGUY
Originally posted by: sandorski
Originally posted by: Jmman
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
Taxes should at least cover the cost of government. Simply put, the current "Tax Cuts" are deferred Tax Increases. They are not "Tax Cuts" at all.
Meaning that the gov't spends WAY too much money. The Feds need to have their plate cleaned and sorted.
CkG
Matter of opinion.
CADsortaGUY
Lifer
Originally posted by: sandorski
Originally posted by: CADkindaGUY
Originally posted by: sandorski
Originally posted by: Jmman
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
Taxes should at least cover the cost of government. Simply put, the current "Tax Cuts" are deferred Tax Increases. They are not "Tax Cuts" at all.
Meaning that the gov't spends WAY too much money. The Feds need to have their plate cleaned and sorted.
CkG
Matter of opinion.
I'm sure most here would agree with what I said(to varying degrees though😉)
However your statements were also opinion. Tax-cuts are not defered increases - they might be in your opinion though. Also - IMO the gov't shouldn't spend more than it takes in rather than having taxes covering the cost of government. get it?😉 It's a matter of perspective. We aren't here to serve the gov't - the gov't is there to serve us. Therefore they shouldn't spend more than we give them - not them make us pay more because of their spending.
CkG
It's obvious that Buffett has a talent for business...his company Berkshire Hathaway owns several companies, including GEICO, and the performance of his stock picks over his entire investing career didn't come about from lack of business know how...after all, if you can't analyze successful businesses, you'll be one terrible investor. In the long term that is.
sandorski
No Lifer
Originally posted by: CADkindaGUY
Originally posted by: sandorski
Originally posted by: CADkindaGUY
Originally posted by: sandorski
Originally posted by: Jmman
Speaking of taxes, I still am amazed at the number of people here who believe that the more tax we pay the federal government, the better off we will be. What on God's green Earth has the federal government done that gives you the idea that they are better able to spend your money than you are? I personally do not want to finance cow flatulence studies or lifetime political hacks whose sole accomplishment in 50 years of political "service" is voting themselves a bigger paycheck. The only "service" most of us are getting is by being bent over by the government. Who says mind control is fiction......
Taxes should at least cover the cost of government. Simply put, the current "Tax Cuts" are deferred Tax Increases. They are not "Tax Cuts" at all.
Meaning that the gov't spends WAY too much money. The Feds need to have their plate cleaned and sorted.
CkG
Matter of opinion.
I'm sure most here would agree with what I said(to varying degrees though😉)
However your statements were also opinion. Tax-cuts are not defered increases - they might be in your opinion though. Also - IMO the gov't shouldn't spend more than it takes in rather than having taxes covering the cost of government. get it?😉 It's a matter of perspective. We aren't here to serve the gov't - the gov't is there to serve us. Therefore they shouldn't spend more than we give them - not them make us pay more because of their spending.
CkG
No. Simple Economics: Spending + Interest(Deficit/Debt) > Cost
CADsortaGUY
Lifer
Doesn't have to equal increased taxes. Simple math. Figure it out😉 I've already provided the answer.
CkG
CADsortaGUY
Lifer
Not if we actually FIX things😉
CkG
its easy ive said it before and you need to accept it the government speds too much; healthcare, SS, aff action, advertising the new 20, etc. Expenses they are not responspible for or constitutionally allowed to spend on. Lower taxes are the right thing to do, cutting special intrest and robbing the working to give to the not working is not the right thing to do. our government rewards laziness. end of story.
well youll get your wish Cad. Sooner than later the government will have to Cut spending and raise taxes just to cover that compounding interest payment on the debt.
Deficit spending now is a deferred tax increase in the future.
plus is it really economically feasable to deficit spend?
think of your self and a credit card. You get a great deal on a Hdtv for 1200. You Charge it to your visa. after the interest payment on that purchase the cost of the product to you was much higher.
Deficit spending now is a deferred tax increase in the future.
plus is it really economically feasable to deficit spend?
think of your self and a credit card. You get a great deal on a Hdtv for 1200. You Charge it to your visa. after the interest payment on that purchase the cost of the product to you was much higher.
BaliBabyDoc
Lifer
What a rarity on this board . . . a clear, concise and accurate assessment. If Bush is re-elected, it is highly unlikely we will do anything substantive about the unfunded liability in SS/Medicare and it is unlikely we will do much about the ridiculous excess in DOD spending. IMHO, Kerry will be better but I doubt there's much political will in either political party to "fix" the mess that Bush created.
Our only hope is a societal dialogue about shared sacrifice for the sake of a just and sustainable future. No less than four generations of Americans will HAVE TO live below our means in order to prevent future generations from living WELL below their means.
thevigmaster
Banned
well crimson i know you are very short sighted so ill ask you this. if he doesnt know better than you why is he richer than you will ever be? the usual responce is to ignore the fact he is smart, and say he likes giving money away, well i dont think a casual attitude to spending got him so much profit. also in terms of social care i doubt he would support spending without an economic return so i doubt he supports spending that isnt beneficial to americans over all.
thevigmaster
Banned
so you like him so much you bought his underwear, huh?
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