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Warren Buffett: Stop coddling the super rich

Warren Buffett: Stop coddling the super rich

Multi-billionaire investor Warren Buffett again calls for higher taxes on the super rich. He pointed out that between 1980 and 2000, nearly 40 million jobs were added to the economy even though tax rates on investment income were significantly higher.

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Guest: (2286 days ago)
He is quite wrong or more likely being misconstrued. Here is the history of capital gains tax: LINK even if you doubled the rate, back to what it was in the 1980's and you got double the revenue, which you wouldn't, it would still only be an additional 60 billion in a budget of 3,700 billion.
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He is quite wrong or more likely being misconstrued. Here is the history of capital gains tax: LINK even if you doubled the rate, back to what it was in the 1980's and you got double the revenue, which you wouldn't, it would still only be an additional 60 billion in a budget of 3,700 billion.
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Guest: (2286 days ago)
File not found. "only be an additional 60 billion" - obviously not worth it then.
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File not found. "only be an additional 60 billion" - obviously not worth it then.
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Guest: (2285 days ago)
60 billion out of 3,700 billion or somewhat less than 2%, the point is this is political misdirection, smoke and mirrors. Politicans hold their places by dispensing taxpayer money and the last thing they try to point us in any direction but cutting government but we aren't going to solve the problem by taxing the rich because there aren't enough of them. You could solve it once by confiscating their assets but that hasn't really worked out in the countries where it has been tried...60% of the work done in the U.S. is now done to pay the expenses laid on us by government, cut that by half and the problem is solved, double taxes on the rich and you have a drop in the bucket. If you were going on a diet to lose 50 pounds do you think it would be more effective to eat half as much or to stop having chocolate sauce on your ice cream?
Original comment
60 billion out of 3,700 billion or somewhat less than 2%, the point is this is political misdirection, smoke and mirrors. Politicans hold their places by dispensing taxpayer money and the last thing they try to point us in any direction but cutting government but we aren't going to solve the problem by taxing the rich because there aren't enough of them. You could solve it once by confiscating their assets but that hasn't really worked out in the countries where it has been tried...60% of the work done in the U.S. is now done to pay the expenses laid on us by government, cut that by half and the problem is solved, double taxes on the rich and you have a drop in the bucket. If you were going on a diet to lose 50 pounds do you think it would be more effective to eat half as much or to stop having chocolate sauce on your ice cream?
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Guest: other guest (2285 days ago)
i'm guessing that someone pays you to write retarded sh*t on boreme! none of us are buying your dumbass arguments!
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i'm guessing that someone pays you to write retarded sh*t on boreme! none of us are buying your dumbass arguments!
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Guest: (2285 days ago)
If I am so clearly mistaken perhaps you would be so kind as to take the time to show me where I have strayed? I wouldn't trouble you but it shouldn't be much of an effort for someone so obviously possessed of such mordant wit and gift for cogent discourse.
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If I am so clearly mistaken perhaps you would be so kind as to take the time to show me where I have strayed? I wouldn't trouble you but it shouldn't be much of an effort for someone so obviously possessed of such mordant wit and gift for cogent discourse.
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Guest: other guest (2282 days ago)
Latest comment: i cant "take the time to show you where you have strayed" because i can't really compete with an individuall such as yourself, who gets payed to post dumbass sh*t on all kind of sites that don't agree with the TEA PARTY MOVEMENT's ideology! i would much rather prefer to insult you out of this site! as you've allready seen from the type of media that gets posted here, the majority of the people that follow this site have allready made up their minds about the tea party ideeas that you support! and i think that i speak in everyone's name when i say that you're a twat! i don't need to "show you where you have strayed" even though i do posess "such mordant wit and gift for cogent discourse" ; i know your manipulative game and i'm not playing it and neither is the rest of the people who have followed this duscussion! go do your job on some other site, because everybody here knows about what you stand for and i don't need to tell them! you know you're getting payed to post dumb sh*t on boreme, i know you're getting payed to post dumb sh*t on boreme, everybody here knows you're getting payed to post dumb sh*t on boreme and because of that i am not willing to offer you the satisfaction of a pertinent and mature counterargument! you TWAT!
Original comment
Latest comment: i cant "take the time to show you where you have strayed" because i can't really compete with an individuall such as yourself, who gets payed to post dumbass sh*t on all kind of sites that don't agree with the TEA PARTY MOVEMENT's ideology! i would much rather prefer to insult you out of this site! as you've allready seen from the type of media that gets posted here, the majority of the people that follow this site have allready made up their minds about the tea party ideeas that you support! and i think that i speak in everyone's name when i say that you're a twat! i don't need to "show you where you have strayed" even though i do posess "such mordant wit and gift for cogent discourse" ; i know your manipulative game and i'm not playing it and neither is the rest of the people who have followed this duscussion! go do your job on some other site, because everybody here knows about what you stand for and i don't need to tell them! you know you're getting payed to post dumb sh*t on boreme, i know you're getting payed to post dumb sh*t on boreme, everybody here knows you're getting payed to post dumb sh*t on boreme and because of that i am not willing to offer you the satisfaction of a pertinent and mature counterargument! you TWAT!
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