RE: Warren Buffet (Full Version)

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EternalHoH -> RE: Warren Buffet (8/16/2011 7:30:51 AM)

quote:

ORIGINAL: Sanity

Its allowing people to keep more of their own money, ..... that allows the economy to prosper




You be drinking the same kool-aid as Bama, there, buddy.

There is a reason that the recession for Wall Street was V-shaped, rather than U-shaped, and why Wall Street came out of recession rather quickly, while the recession still lingers on Main Street.

And that reason be the fact that rich people who really gain from the tax cuts do not put their additional rebated dollars in places "that allow the economy to prosper" (your words), rather, they take those funds and use them to "double down" in their wagers at the casino. Those infamous "shortcuts" at work.  That action only benefits the parallel "Wall Street economy", and not the "Main Street economy".

BTW, same can be said for go-nowhere stimulus spending.  It no longer creates jobs.  It merely bribes existing employers to stay a bit longer, keeping existing jobs around a little longer.  That is because the business ownership class operates on the 'payola principle' nowadays. Too bad the cost of their payola program goes on the national credit card for others to pay off. 

And republicans claim that wealth transfer from the poor to the rich simply does not occur, ever.....

Yea, right.






Sanity -> RE: Warren Buffet (8/16/2011 7:42:36 AM)


Trillions in government spending slick, on ever pet project Obama could ever dream of with a super majority in Congress rubber stamping his every far left spending fantasy

Shoving billions into every stinking shithiole they could find to cram taxpayer money down

Trillions for cash for clunkers, cash for windmills, cash for insulation, new windows, you name it

And still the recession is nose diving into a depression, slick

Enough, bring on the Tea Party.

quote:

ORIGINAL: Owner59

Where`s the jobs, slick?

Trillions spent on special tax breaks for milliomairs?

Where are the jobs.

Your sudden and new concerns with how we spend our tax dollars isn`t cutting it.



Sanity -> RE: Warren Buffet (8/16/2011 7:51:19 AM)


Its not just lower taxes that go into a good economy genius, tell us how high taxes can possibly help an economy.

Sorry but thats just blatantly stupid! The kings boot on our throat helps nothing - its a preposterous notion, start to finish. Pure madness...

And lower taxes arent enough, as we can plainly see -

All the new regulations on top of the existing regulations...

And Obamas love of high fuel prices

And Obama and the Dems' insistence on conducting the very class warfare we are discussing here...

Are all combining to destroy investor confidence, as well as the economy in general.



quote:

ORIGINAL: EternalHoH

quote:

ORIGINAL: Sanity

Its allowing people to keep more of their own money, ..... that allows the economy to prosper




You be drinking the same kool-aid as Bama, there, buddy.

There is a reason that the recession for Wall Street was V-shaped, rather than U-shaped, and why Wall Street came out of recession rather quickly, while the recession still lingers on Main Street.

And that reason be the fact that rich people who really gain from the tax cuts do not put their additional rebated dollars in places "that allow the economy to prosper" (your words), rather, they take those funds and use them to "double down" in their wagers at the casino. Those infamous "shortcuts" at work.  That action only benefits the parallel "Wall Street economy", and not the "Main Street economy".

BTW, same can be said for go-nowhere stimulus spending.  It no longer creates jobs.  It merely bribes existing employers to stay a bit longer, keeping existing jobs around a little longer.  That is because the business ownership class operates on the 'payola principle' nowadays. Too bad the cost of their payola program goes on the national credit card for others to pay off.



EternalHoH -> RE: Warren Buffet (8/16/2011 7:57:39 AM)

What is blatantly stupid is your assertion that getting the kings boots off our throats is what will set us free.  It won't.  The rich man's boot is still on our throats, and you cannot see that because of the "Idaho blinders" you wear.  Who in the fuck do you think signs the lobbying checks that entices the very placement of the king's boots? 

The bottom line is alot of the new debt, most of what was added since Obama came in, was for payola programs to benefit the rich people, from Bush's TARP to Obama's stimulus.  I see nothing wrong with taxing that back just to knock the debt back down.

You keep spinning a scholarly economics approach to a blatant rip-off problem that needs a blatant rip-off response.







EternalHoH -> RE: Warren Buffet (8/16/2011 9:41:12 AM)

I'm pretty sure average armchair investor confidence was destroyed by the financial WMD effect of Credit Default Swaps in the 2008 financial crisis, followed shortly later by the flash crash.

It became very apparent to most investors back then that the game was rigged, that banks were gambling excessively with OPM.

You give the financial system a hell of alot more credit for its supposed neutrality than it deserves.

When the credit ratings agencies were putting AAA ratings on mortgage junk because they were getting paid a hefty dollar by investment banks to execute that very lie, it was a clear indication that their "opinions" were for-sale to the highest bidder.  The entire credit rating process had become corrupt - the same corrupt people who just offered their downgraded "opinion" on the government debt. It was rather funny that these people who lied (for profit) about mortgages suddenly became rock-solid players and truth-tellers in the eyes of republicans when they opined on the government debt situation. 

So the Dodd-Frank legislation contained a provision to strip credit rating agency authority over government debt. Congress, who has the legislative authority to create alternate mechanisms, essentially said the opinions of a corrupt, privately-run, credit rating institution should not guide the rule of law in this country. They basically are tossing the corrupt credit ratings system overboard when it comes to the king's finances. Dunno if they give the same rats ass about you, though.  I guess your creditworthiness still must swim amongst the sharks.

So lets not give the whole private financial system too much credit, there, buddy.




willbeurdaddy -> RE: Warren Buffett (8/16/2011 11:26:51 AM)

quote:

ORIGINAL: anniezz338





Ever heard of a weighted average? I'm willing to bet Buffett has and that is where his 36% figure is coming from. Math 101



ROFL. If it is a weighted average and he didnt disclose that it would be ridiculously misleading. Thats a bet you would lose.



willbeurdaddy -> RE: Warren Buffet (8/16/2011 11:28:19 AM)


quote:

ORIGINAL: DarkSteven

quote:

ORIGINAL: BamaD

The Buffet statement ignores the key point.   The higher the tax rate the less they have to invest.


Money's going to go somewhere.  Give it to the wealthy - they can invest it.  Give it to the less wealthy - they spend it.  The current problem with the economy is NOT that there's no investment capital - it's that nobody's buying anything. 



Nobodys buying AND nobody's investing. The investing has to come first.



joether -> RE: Warren Buffet (8/16/2011 11:52:55 AM)

quote:

ORIGINAL: Sanity
Trillions in government spending slick, on ever pet project Obama could ever dream of with a super majority in Congress rubber stamping his every far left spending fantasy

Shoving billions into every stinking shithiole they could find to cram taxpayer money down

Trillions for cash for clunkers, cash for windmills, cash for insulation, new windows, you name it

And still the recession is nose diving into a depression, slick

Enough, bring on the Tea Party.
quote:

ORIGINAL: Owner59

Where`s the jobs, slick?

Trillions spent on special tax breaks for milliomairs?

Where are the jobs.

Your sudden and new concerns with how we spend our tax dollars isn`t cutting it.



If trillions were spent on "...every pet project of Obama's..." does that include the raid to remove Osama bin Laden from the 'land of the living'? Also, if we spent money the way Mr. Obama wished (not how conservatives understand reality), I do believe we'd be well on the way to a recovery. Last I checked it was the GOP that jacked up the US Debt six times from the value it had when they took over Congress and the White House, to when they were removed for being 'irresponsible with power'. But, by all means, Sanity, present the burden of evidence that your arguement is even remotely correct.

quote:

ORIGINAL: Sanity
Trillions for cash for clunkers, cash for windmills, cash for insulation, new windows, you name it.


This simply states how little of reality you understand of America. This is so absolutely pathetic its funny. You REALLY have no clue what the hell your talking about.

The "cash for clunkers" as you called it was known as the Car Allowance Rebat System, or C.A.R.S. for short. A program that was used twice, and costed the taxpayer a mere $3 BILLION (not 'trillions') each time. How about you supply the BURDEN OF EVIDENCE that the C.A.R.S. program costed the taxpayer "...trillions..." there Sanity. Please, I'd like to see some FREAKING ACCOUNTIBILITY among conservatives. Heck, the American Recovery and Reinvestment Act of 2008 costs the taxpayer $878 Billion over two years. You know, the 'stimulus bill'? Yeah, the same bill you never read and hence, dont know whats in it or not.

Windmills? You have a problem with removing America's addition to oil? Keeping the enviroment clean? Tell you what Sanity, go visit Russia and take a tour of their lands and see what happens when there's virtually no laws in place to keep the enviroment safe. Visit China as well. Than come back to the 'Land of the Free' and try to argue that whats happened in both their countries is a good thing for all Americans.

Better insulation on windows reduces fuel costs (particularlly in the cooler states (Alaska, Washington on to Maine). Reducing fuel costs is good for the enviroment and the wallet. Apparently your 'ok' with things costing more....




Edwynn -> RE: Warren Buffet (8/16/2011 4:13:19 PM)



quote:

ORIGINAL: EternalHoH


You keep spinning a scholarly economics approach to a blatant rip-off problem that needs a blatant rip-off response.




You ARE kidding here, right?

The subject in question's understanding on anything economic or world understanding at all has never progressed further than beyond black-white comprehension, needing single digit numeral instructions for anything beyond that.

Call it whatever you like, but mid-potty-training level understanding of the world (and provably incapable further) and whatever drivel from that idiot is about as far away from 'scholarly' as one could possibly get.








Edwynn -> RE: Warren Buffet (8/16/2011 6:44:57 PM)



Edit to say:

The subject of your response, not the subject of the thread.





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