Warren Buffett Wants to Be Taxed More?

Warren Buffett Dan Mitchell: http://goo.gl/P16CS

Forbes on Warren Buffett: http://t.co/5cFZVGg

Mark Levin: http://t.co/lBx4G2A

Tech Crunch on Warren Buffett: http://t.co/Hevi2Ni

Father with Hockey: http://goo.gl/OXhMX

Perry and Treason: http://goo.gl/dL5Rh

Biden: http://goo.gl/SNDWa

Tea Partier confronts Obama about Biden: http://t.co/I3lkDVL

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[fwanksajerk]

@dotaonline

Of what relevance is your charity point? Besides the fact that he's using it as evasion?

Your last "paragraph" would insinuate that I'm somehow an apologist for them, but my initial comment should clearly show you and I are in agreement on that (anti-lobbying).

[LibertaerUeberAlles]

@SPGhettus

Wrong again. The reason my previous comments "don't add up" is because you don't understand the system from an analytic perspective.

The few-million dollars billionaires withdraw (and pay personal income taxes on) is chump change for partying and hookers, whereas the bulk of income stays in their respective companies, free from personal income taxes. For smaller business owners, it is the inverse.

That's why TARP-receiving oligarchs like Buffer don't mind high personal income taxes.

[MrRandomname2]

I think the father was wrong in this case, as either one of the buys could have had that ticket, one boy having the ticket over the other is really no different. Plus it is an insurance company paying the 50 grand. and they usually get more than there fair share of money, and it was their decision to make the game they took the risk. Plus this is not any case of having a look a like its your brother, I could see them denying if they had a pro that looked like you go up.

[radix3d]

Capital investments, what Keynes called animal spirits, is essential to employment. Stock market investment is not. Stock market investments show up on a corporate treasury, and for the most part, don't have a significant impact on business fundamentals. Thats why Macro Economics refers to Stocks as saving instead of investment when calculating GDP. Yet the stock market has a HUGE impact on wealth disparity because wealth is scare. Affluence creates poverty.

[radix3d]

@TWSceptic No this guy is a fucking idiot, like you. All these republican idiots that keep making the same stupid ass argument that Buffett can write a check any time. What a spectacularly stupid argument. He wrote the largest check in history to charity for starters. And he is actually volunteering to help pay off the national debt.

[ec123456789able]

@TWSceptic (post 2).. in the economy

Giving the rich tax cuts doesn't increase job opportunities

With regards to venture capitalism, this only applies to a very small minority of people lucky enough to get investment from banks and corporations who are uneager to part with their money

A fairer tax system targetting expense for large wealth as well as progressive income tax would empower people not to rely on the rich to decide their fate

Many small businesses can't compete without investment

[ec123456789able]

@TWSceptic No, sorry. The free market has lead to many people in poverty and others with huge excess. You can keep spouting the same right-wing rhetoric, but the truth is, there is only a finite amount of money in the world.

Once the rich get to a point where profits become increasingly difficult, they have to resort to other means of making money, this means moving employment to other countries, and taking increasing risks.

It isn't me who is thinking in absolutes. There needs to be balance..

[TWSceptic]

@ec123456789able "The richer the very rich get the harder it is for others to compete"

Did it ever occur to you that rich people invest in any successful OR promising business, and that any business with good creativity, ideas, workers, and management will attract their interest regardless of the business size? Ever heard about venture capital?

You see this is the problem with you people, you look at the world like everything is black and white. The free market does not need your interference.

[ec123456789able]

@TWSceptic I do get it, Buffet declared this himself.

Also, the idea that allowing the rich to make more money creates jobs is false. The richer the very rich get, the harder it is for others to compete. Small businesses close due to big corporations.

If you really want to create jobs you have to empower people by allowing smaller businesses to be able to compete. This would create a lot more jobs than allowing wealth to get locked in very small circles.

[TWSceptic]

@Mrinebriation "tax reduction for millionaire's does not help the economy because they save their money in recessions which harms the economy"

Right, but bailing out banksters which are actually the biggest speculators, no problem there.

The only reason that people are using recession to make money is because that's what the government and the fed has caused, and instead of doing nothing, they at least use that to make some money. The market actually uses government stupidity to make money.

[Mrinebriation]

@TWSceptic so 68% percent of a segment of the population say the government needs revenue and we can handle the hit, we can handle paying 2 or 3 percent more on our top bracket. thats not a fallacy. and america is the only developed country in the world including china that has regressive taxation system which is retarded. and btw tax reduction for millionaire's does not help the economy because they save their money in recessions which harms the economy