Buffett tells the truth about how many of the wealthiest Americans pay lower taxes than those further down on the socioeconomic ladder. Contrast this with Schiff’s moronic claims that, for example, if taxes go up on high income earners he’ll move his business out of the country. First, he was working in the industry during the Clinton years, so apparently higher taxes then weren’t enough to send him overseas, and second, if he goes, it’s a huge bonus for everyone with a brain and/or heart. Buffett’s op-ed can be read here: www.nytimes.com
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@snuhtoyou
We all pay corporate income? taxes, stupid. Corporate income taxes are paid by consumers, employees, and the owners of the corporation. Of course, some corporations like GE pay zero in income tax.
Buffett owes millions in taxes and is in court fighting to not have to pay. As owner of Berkshire Hathaway, he also pays corporate tax on top of his income tax. He is a liar and a fraud and all you suckers fall for? it because you don’t do one lick of homework. Take a look at the predictive track records of those you cite and then get a grip.
@mojorhythm I’m Brazilian and there’s a guy here name Eike Batista, who is the 8th richest person in the world. He is a job creator as his investments? employ 20.000 people here.
He approves taxes, govt. regulations and environmental laws. He knows that, in the long run, govt. investments in infrastructure and education benefit him as well.
it seems to me that the wealthy ones who want tax cuts are the ones who don’t produce. The productive ones usually don’t complain.
68% of MILLIONAIRES think their taxes should be? raised!
@EasyEs “The poor in the USA live like the middle class in lots of places all over the world.”
Compared to Somalia, Egypt, Mexico, and other places known for? serious human rights violations, genocide, and other wonderful things associated with a FAILED SOCIETY? Yeah… that should be a given, not a ‘well…’ matter. Even at that our middle class fares worse than the poor of Canada, the UK, and many other first world SOCIETIES. i could go on, but i’m running out of space.
The same congress almost exclusively made up of millionaires ? Interesting how all these elected congressmen become so wealthy Barack is as quietly as any of? them. Warren wouldn’t be parroting these things had he not already made hid fortunes.
@mungonpoo
US debt is small? though, and the interest negligible.
too many private interests? have their hand in your government, dollars equal influence. so much for the bastion of western values. you run at a defecit, your children will be paying your bills and now your politicians squabble about raising the debt threshold. wasting time fighting over control of rome as the barbarians are coming over the walls…..
@EasyEs The dangerous thing about inequality is that after material needs are met..the bottom class still fare worse than other less rich (but developed) countries. It is the inequality in it self that? cause a lot of problems.
I am a proud heterosexual man, and will continue as such, but I have to say I’m in LOVE with Warren Buffet! Curse Obama for not? hiring this man as a financial adviser!
@zsylvana They don’t seem dynamic to me. Of the top 50 companies in Sweeden only 48 were created after your nations peroid of open markets and low taxation.? Also you talk about American poverty in rather odd terms. The poor in the USA live like the middle class in lots of places all over the world. Poverty rates are an odd way to compair nations as the very high median income of the US. There is inequality but not because there are lots of poor but lots of middle class and rich people.
@chichora123
Now? you speak the truth.
@chichora123
5)The U.S. spends less than almost all rich countries on social services for the poor and disabled, and it gets what it pays for: the highest poverty rate among the rich countries and an exploding prison population. Actually, by shunning public spending on health, the U.S. gets much less than it pays for, because its dependence? on private health care has led to? a ramshackle system that yields mediocre results at very high costs. (International Affairs-2009)
@chichora123 4)The results for the households at the bottom of the income distribution are astoundingly good, especially in contrast to the mean-spirited? neglect that now passes for American social policy. The U.S. spends less? than almost all rich countries on social services for the poor and disabled, and it gets what it pays for: the highest poverty rate among the rich countries and an exploding prison population. (International Affairs-2009)
@chichora123 3)The Nordic states have also worked to keep social? expenditures compatible with an open, competitive, market-based economic system.Tax rates on capital are relatively low.Labor? market policies pay low-skilled and otherwise difficult-to-employ individuals to work in the service sector, in key quality-of-life areas such as child care, health, and support for the elderly and disabled.(International Affairs-2009)
@chichora123
2)The Nordic countries maintain their dynamism despite high taxation in several ways.Most important, they spend lavishly? on research and development and higher education.All of them,? but especially Sweden and Finland, have taken to the sweeping revolution in information and communications technology and leveraged it to gain global competitiveness. Sweden now spends nearly 4 percent of GDP on R&D, the highest ratio in the world today.(International Affairs-2009)
@chichora123
1).On average,the Nordic countries outperform the Anglo-Saxon ones on most measures of economic performance.Poverty rates are much lower there,and national income per working-age population is on average higher.Unemployment rates are roughly the? same in both groups,slightly higher in the Nordic countries.The budget situation is stronger in the Nordic group with larger surpluses as a share of GDP (International Affairs-2009)
@theeonionbagel
Well, that’s probably why you have to donate plasma, because? you’re not very smart.
hey everyone in america could pay 100 percent of their incomes and still not cover our expenses. maybe billionaire’s could pay more taxes, but people making half a mil a year need all the? money they can to make jobs. and i donate plasma so don’t think i’m biased towards rich people because I am rich. I’m not.
@curious883 “rest of us?” you make? over a million a year?
Warren Buffet is a government shill who needed the government to bailout his preferred shares in Goldman Sachs. Not to mention his significant holdings in the rating agency “Moody’s”…. which needs continuous legitimacy to be given by the government itself. Is it any wonder that Warren Buffet is carrying the water for the current administration? ?
@dsglop This comment doesn’t even make sense. Two ironies? The second one was suppose to be hilarious. I’m getting too? lazy to proof read.
@curious883 As long as I have the same right to pay the same percentage as Mr. Buffett. and? then “choose” to contribute more if I want or don’t want. Otherwise your promoting a double standard. I difference in the Big guy and the Little guy. After all It is the extremely wealthy who need us more than we need them. in the end I don’t need there money. They do need my blood and guts to protect there asses and assets.
@curious883
It’s only interesting for you in the way shiny objects are interesting to retarded children. It’s because you’re slow.?
@curious883
that’s an extremely stupid argument. firstly, buffett is making a policy argument that applies to everyone earning >1m. secondly, what’s the logic of him doing it individually if it’s not mandated by law that everyone else in his income group does so? that would be unfair to him. thirdly, you should be glad that he is at? least speaking out on the issue, when he does not stand to gain anything from doing so.
@Jacnas I read the WSJ and Time.com articles. The articles themselves seem very sceptical and mixed, citing that photo analysis by the poor yielded “greater empathetic accuracy” … quotes aren’t mine! The other side of the coin is this: tinyurl(.)com/nvhkxe Warren Buffet? appears later in the program.
@dmg46664 Not specifically but try to deny that there are those among them who feel entitled; who feel they don’t owe anything to civilization that enabled them to become so successful. It’s not completely established yet but studies have shown that the rich tend to be more selfish. No wonder then, that they feel the government is holding them back and taxes are theft. This “gimme” attitude is short-sighted and foolish.
google? this:
Are the Rich More Selfish
@Jacnas Can you point to examples of those that “don’t get it”? Ones that don’t? break the law?
warren is what would happen to anyone, if the anyone stops doing things that do not make economic sense. one day warren bought a bumped and fixed car. why? the price of the bumped car is a third of what a non-bumped car would cost. life is a? sucession of small economic decisions, and he only does the right ones.
Warren Buffett is grateful to the civilization that allowed him to become so successful. He feels strong attachment and devotion to it. He’s one of those? uber-rich who ‘get it’. There are others who also ‘get it’ like Bill Gates, Lawrence Page and Sergey Brin.
But there are also those who don’t. They are the aristocrats. They would like nothing more than to return to feudalism. They care only about being on top of the societal pyramid.
no? other parts?
Greatest? Investor ever!