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(CNN)   Chris Christie to Warren Buffett: Shut up about billionaires paying more taxes. Do you want me to eat you? Your last name reminds me of lunch   (money.cnn.com) divider line 293
    More: Amusing, Chris Christie, Warren Buffett, State of the Union  
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4429 clicks; posted to Politics » on 22 Feb 2012 at 12:31 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-22 12:47:16 PM
Whar cheeseburger in paradise. Whar!
 
2012-02-22 12:47:17 PM

thomps: "He should just write a check and shut up," Christie said. "I'm tired of hearing about it. If he wants to give the government more money, he's got the ability to write a check -- go ahead and write it."

god, the whole "if you want to pay more in taxes, go ahead and pay more" is the laziest counter-argument that i can think of.


Absolutely correct. Buffett is definitely being disingenous in his 'my secretary pays higher taxes than me' line, as Berkshires profits get taxed at the corporate level before he gets his cut through capital gains But "don't like it? You're free to pay more" is completely ridiculous.

especially considering:

Christie isn't the first Republican to criticize Buffett -- who has responded with a standing offer to match any donations to the Treasury from congressional Republicans.
If that Republican happens to be Sen. Mitch McConnell, a frequent critic of higher taxes on the rich, Buffett will triple the match.


I dont' know. Buffett is worth a hell of alot more than any GOP congressman or Senator. He should offer to match a donation of a percentage of net worth if he wants to make it a fair deak. For ex., if the congressional GOP donates a total of 2% of their total net worth, Buffett should do the same.

Offering to pay 3x what McConnell does is similar to a rich GOP person like Romney offering to pay 3 dollars for every dollar a working class person does. The one dollar will hurt the working class guy more than Romney's $3.
 
2012-02-22 12:48:37 PM

timujin: so, if someone thinks that taxes are too low, they should just pay more? But if someone thinks taxes are too high, they should spend a shiat ton of money trying to get them lower? Like this guy did?


In fact, I think all taxes should be voluntary. If you like things like education and crappy tap water and giving stuff to poor people then you should just shut up and you pay for it. I already got mine.
 
2012-02-22 12:48:37 PM

James!: skullkrusher: James!: s2s2s2: Why doesn't Warren just pay his "Secretary" more?

Then she'd just be taxed more. Buffett makes his money off investments, he doesn't have that problem.

not if he compensates her in options to buy preferred stock

True. I wonder if he does that.


Can you legally pay an employee completely in stock?
 
2012-02-22 12:50:22 PM

Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!

Me: Okay, then he should write a check and pay more.

Derpy Farker: What a stupid argument!

Makes perfect sense to me.

 
2012-02-22 12:50:42 PM

SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more pay her in stock.


What the argument is really about.
 
2012-02-22 12:51:07 PM

Rapmaster2000: James!: skullkrusher: James!: s2s2s2: Why doesn't Warren just pay his "Secretary" more?

Then she'd just be taxed more. Buffett makes his money off investments, he doesn't have that problem.

not if he compensates her in options to buy preferred stock

True. I wonder if he does that.

Can you legally pay an employee completely in stock?


Not completely, but you could offer stock as part of their compensation. It wouldn't solve the underlying issue of how different types of income are taxed differently though.
 
2012-02-22 12:52:22 PM
Chris Christie eats soylent green sandwiches for breakfast. I saw him do it. We hung out at his mansion and drank whiskey. He is a f*cking dick that plays chess with one eye closed. He told his maid to "Get me a clean shot glass, now! Why do I even pay you?"

He then lit a cigar with a $100 bill, I tried to get it from him before he lit, cause I am broke, but he said "f*ck off, I got mine."

We played a quick game of king's in the corners and then he kicked me out because I said let's go the buffet, but I mispronounced it on purpose like "Buffett" and his blood pressure skyrocketed and yelled "F*CK YOU!". Good times.
 
2012-02-22 12:52:36 PM
How about Buffet takes an actual salary for his job so he has to pay payroll taxes. That's not a very funny talking point though, so we'll just stick with the tired secretary lie.
 
2012-02-22 12:52:53 PM

Rapmaster2000: James!: skullkrusher: James!: s2s2s2: Why doesn't Warren just pay his "Secretary" more?

Then she'd just be taxed more. Buffett makes his money off investments, he doesn't have that problem.

not if he compensates her in options to buy preferred stock

True. I wonder if he does that.

Can you legally pay an employee completely in stock?


I don't see why not. He could still give her a base salary that is low enough to reduce her effective rate while paying the bulk of her salary in options
 
2012-02-22 12:53:21 PM

SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more.



I see you're as ignorant as Christie.

Warren Buffett is not asking others to pay more, but not himself. That would be hypocritical. Nor is he voluntarily giving more all by himself. That would accomplish nothing. You see, he's neither hypocritical nor stupid. He is advocating a change that will actually do something.

As for your second "point," Buffett isn't in a position to force anyone to do anything. He's a private citizen. All he's doing is expressing an opinion. It always flabbergasts me when self-proclaimed patriots get their panties in a bunch simply because someone has the temerity to exercise their right to free speech. You want Buffett to shut up? Why? Who is allowed to speak in the United States of your fantasies? Only people who agree with you?

Warren Buffett is a man who lives in a country that at least on the surface claims to be a democracy with certain rights, one of which is free speech. He is exercising that right. He is asking for a change. The rest of us can agree or disagree. If the lawmakers like Buffett's idea but you do not, you can vote them out. This is all in accordance with how things are supposed to work in this country. Why does that bother you so much?
 
2012-02-22 12:53:59 PM

SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more.


The secretary thing is a farce. She is either sitting on a bunch of stock or sold a bunch of stock that got taxed at the capital gains rate. Or do people think that she has just been paid a straight salary for the last 20-30 years?
 
2012-02-22 12:54:09 PM
You know, looking at his picture, I have to say it's a crying shame.

Baron Harkonnen has really let himself go.
 
2012-02-22 12:54:26 PM

Dimensio: You are correct. Mr. Christie is also a "giant, bloated prick" regarding rights for same-sex couples and regarding civilian firearm ownership rights.


He went against the will of the people, and all of the representatives of the people with his veto. Giant, bloated prick doesn't BEGIN to describe this man. Since NJ is part of my tri-state area, I have to hear about him a lot. He's obnoxious for the sake of it and probably has a lot of skeletons, and turkey carcasses, in his closet.
 
2012-02-22 12:54:27 PM

garkola: Hear hear. If Buffet feels he isn't paying enough, instead of raising taxes or biatching that he isn't being taxed enough he should just STFU and head over to:

http://www.fms.treas.gov/faq/moretopics_gifts.html

The federal government is waiting.

Oh hey Warren, any news about how your rating agency contributed to the housing crash by not doing their due diligence on those default swaps?


Romney first.
 
2012-02-22 12:54:36 PM
"...invest in their families."

Your arse is not for speaking out of. Oh, wait. Politician. My bad.
 
2012-02-22 12:54:37 PM

domenad: Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!Me: Okay, then he should write a check and pay more.Derpy Farker: What a stupid argument! Makes perfect sense to me.


so you don't understand the difference between affecting policy changes and individual choices?
 
2012-02-22 12:54:50 PM
Christ, his secretary probably makes a good living, that's not the farking point. The point is that it's unfair to tax income from wages differently than income from investments because of the disparity between who can benefit from these types of income.
 
2012-02-22 12:54:55 PM

Mearen: How about Buffet takes an actual salary for his job so he has to pay payroll taxes. That's not a very funny talking point though, so we'll just stick with the tired secretary lie.


IIRC, he does. Only like $500k though. It's just that so much of his income comes in the form of cap gains and dividends that it drives his effective rate way down
 
2012-02-22 12:55:08 PM
Any reason that Berkshire Hathaway can't pay its back taxes Mr. Buffett?
 
2012-02-22 12:55:22 PM
blogs.e-rockford.com
"...3 seats in an airplane.."
 
2012-02-22 12:55:32 PM
eventually, the GOP is just gonna have Warren Buffett (and his secretary) killed off.
 
2012-02-22 12:55:41 PM

domenad: Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!Me: Okay, then he should write a check and pay more.Derpy Farker: What a stupid argument! Makes perfect sense to me.


That is indeed a very dumb argument on your part.
 
2012-02-22 12:55:54 PM
Goddammit, Chris Christie. You're giving fat ugly guys a bad name. Now everybody is going to look at me and go "there goes that fat ugly guy - I bet he's a jerk like Chris Christie."
 
2012-02-22 12:57:09 PM

domenad: Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!
Me: Okay, then he should write a check and pay more.
Derpy Farker: What a stupid argument!Makes perfect sense to me.


They should. Not just him.

He isn't just saying (nor are people applauding him for saying) it is bad he pays a higher rate then his secretary. He is using his situtation to highlight the problem wiht the system. He is saying the system that allows him to pay less then his secretary is farked up.

Him simply cutting a check to pay motre doesn't do a bit of good to fix the system that he has a problem wiht.

Get it?
 
2012-02-22 12:57:51 PM
reducing the waste from the monstrous gov't beaurocracy - federal, state, local - would save billions of dollars.
 
2012-02-22 12:57:55 PM

tenpoundsofcheese: SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more.

The secretary thing is a farce. She is either sitting on a bunch of stock or sold a bunch of stock that got taxed at the capital gains rate. Or do people think that she has just been paid a straight salary for the last 20-30 years?


Why do you assume he's had the same secretary for 20-30 years? Considering the size of the probable workload, he probably has 2-3 at a time, and has rotated through quite a few over the decades.
 
2012-02-22 12:59:13 PM
To be fair, Christie has been under a lot of stress recently, what with that Skywalker twerp killing his pet Rancor and all that...
 
ecl
2012-02-22 12:59:36 PM

domenad: Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!Me: Okay, then he should write a check and pay more.Derpy Farker: What a stupid argument!Makes perfect sense to me.I'M SIMPLE AND I LIKE IT!!!

 
2012-02-22 12:59:37 PM

soy_bomb: Any reason that Berkshire Hathaway can't pay its back taxes Mr. Buffett?


Berkshire Hathaway is a corporation.

A corporation is a person.

Take it up with that person, not Mr. Buffett.

And, as far as back taxes...you apparently have no farking idea how corporate taxes work. They can drag that shiat out for a LOOOONG time.
 
2012-02-22 01:00:37 PM
The Governor added that Buffett has cooties and is a 'smelly head'.

What is the average emotional age of a republican representative? 11 or 12?
 
2012-02-22 01:02:07 PM

ChuDogg: timujin: so, if someone thinks that taxes are too low, they should just pay more? But if someone thinks taxes are too high, they should spend a shiat ton of money trying to get them lower? Like this guy did?

In fact, I think all taxes should be voluntary. If you like things like education and crappy tap water and giving stuff to poor people then you should just shut up and you pay for it. I already got mine.


You're an anarchist?
 
2012-02-22 01:02:47 PM

missiv: [blogs.e-rockford.com image 453x294]
I'm gonna eat your three hearts Buffett. Gonna make your wife say ahhhhhh.


+1, would lol again.
 
2012-02-22 01:03:29 PM

rufus-t-firefly: And, as far as back taxes...you apparently have no farking idea how corporate taxes work. They can drag that shiat out for a LOOOONG time.


who can drag it out?
 
2012-02-22 01:04:08 PM
Warren Buffett: "The tax code is unfair. Example A - I pay a higher effective tax rate than my secretary."

GOP: Then pay more, stupid rich guy.

Can you measure the distance of point missed in AU or parsecs?

// GOP: No.
 
2012-02-22 01:04:20 PM

wfbench: reducing the waste from the monstrous gov't beaurocracy - federal, state, local - would save billions of dollars.


I agree, cut the military in half and disband the DEA. Also, release everyone in prison for non-violent drug offenses. Oh, and disband the Border Patrol. We could all retire to Florida and have free health care for life!

I like the way you think!
 
2012-02-22 01:04:53 PM
Wait, I thought Christie was explicitly against "if you don't want an abortion, don't have one" line of thinking?
 
2012-02-22 01:04:59 PM

SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more.


===================

Ok, I will be one of the idiots who bite. It is his business, in a Democracy it is everybody's business and everybody has a right to say whatever the Fark they want.

/Like it or not
 
2012-02-22 01:06:35 PM

SilentStrider: New Jersey natives, answer me this. What currently causes you to feel more shame about your state. Chris Christie, or Snooki?


Christie by a mile.
 
2012-02-22 01:07:45 PM
Yeah, Warren Buffett's entire job is to make billion-dollar speculative investments based on the quality of a business's revenue-generation system, and he's consistently come out ahead for three+ decades. Chris Christie is a figurehead in a state that consistently runs a deficit, I'm sure his opinion on the US's revenue-generation system is far more valuable than one of the nation's highest-performing experts.
 
2012-02-22 01:07:50 PM

ChuDogg: BooBoo23: SlothB77: Christie is right. Buffett is all about other people giving the government more money. Instead, maybe Buffett could mind his own business. If he thinks the government needs more money, he can write them a personal check. No one is stopping him. He can afford it.

Not everyone wants to do that though, and it isn't Buffett's business to force them. Buffett can stop talking about his secretary, etc, and start writing checks. And if he thinks his secretary pays too much in taxes, he can pay her more.

7/10. You'll probably get a bite or two.

0/10

People actually think like that. The point of trolling is to say something so preposterous and so absurd and unbelievable yet the whole thread goes bonkers and we can all sit back and laugh at all the gullible fishies.

This new breed of trolls that just think "hey, ill write somerhing i can disagree with, and one or two people will comment to me, which is different because most people just go ahead and ignore me.. so thats cool". This is the cancer thats killing fark.

Back in my day... Trolling used to mean something.


Poe's law and all that. The right is making life pretty damn tough for trolls in this election cycle. Say something that should be completely preposterous and absurd and unbelievable one day, and next thing you know, Frothy is up there on national TV saying that shiat with a straight face (see: contraception "debate")
 
2012-02-22 01:08:00 PM
If Christie believes the wealthiest people are paying too much taxes, he should cut them a check and shut up.
 
2012-02-22 01:08:13 PM
"He should just write a check" argument = fundamental ignorance of leverage.

Warren Buffett is not ignorant of leverage.
 
2012-02-22 01:08:17 PM

amundb: SilentStrider: New Jersey natives, answer me this. What currently causes you to feel more shame about your state. Chris Christie, or Snooki?

Christie by a mile.


well, Snooki is from NY so it's a trick question ;)
 
2012-02-22 01:08:41 PM

domenad: Derpy Farker: Warren Buffet is so right about millionaires! They should pay more taxes!Me: Okay, then he should write a check and pay more.Derpy Farker: What a stupid argument! Makes perfect sense to me.


If you believe they're paying too much then you can always send those millionaires a check to compensate them for the difference.
 
2012-02-22 01:09:23 PM

skullkrusher: Rapmaster2000: James!: skullkrusher: James!: s2s2s2: Why doesn't Warren just pay his "Secretary" more?

Then she'd just be taxed more. Buffett makes his money off investments, he doesn't have that problem.

not if he compensates her in options to buy preferred stock

True. I wonder if he does that.

Can you legally pay an employee completely in stock?

I don't see why not. He could still give her a base salary that is low enough to reduce her effective rate while paying the bulk of her salary in options


Right. She'd still pay a higher effective rate though than someone paid entirely in stock.
 
2012-02-22 01:10:13 PM
Christie's "I'm a badass" shtick is getting old... and he looks about as silly doing it as Avril Lavigne.
 
2012-02-22 01:10:14 PM
ChuDogg:

0/10

People actually think like that. The point of trolling is to say something so preposterous and so absurd and unbelievable yet the whole thread goes bonkers and we can all sit back and laugh at all the gullible fishies.

This new breed of trolls that just think "hey, ill write somerhing i can disagree with, and one or two people will comment to me, which is different because most people just go ahead and ignore me.. so thats cool". This is the cancer thats killing fark.

Back in my day... Trolling used to mean something.


Anyone seen spentmiles lately?
 
2012-02-22 01:11:31 PM

SilentStrider: New Jersey natives, answer me this. What currently causes you to feel more shame about your state. Chris Christie, or Snooki?


Snooki. Also, isn't that biatch from SI?
Christie spoke up for the "ground zero mosque" - he gets a couple points for that. He also stood up for Whitney. Good on him.
Still waiting for my taxes to go down though.
 
2012-02-22 01:11:45 PM

Rapmaster2000: skullkrusher: Rapmaster2000: James!: skullkrusher: James!: s2s2s2: Why doesn't Warren just pay his "Secretary" more?

Then she'd just be taxed more. Buffett makes his money off investments, he doesn't have that problem.

not if he compensates her in options to buy preferred stock

True. I wonder if he does that.

Can you legally pay an employee completely in stock?

I don't see why not. He could still give her a base salary that is low enough to reduce her effective rate while paying the bulk of her salary in options

Right. She'd still pay a higher effective rate though than someone paid entirely in stock.


depends. She'd pay no taxes until she sold that stock. You don't pay taxes on exercising qualified options. If it were preferred stock yielding a nice dividend, she'd have income at a significantly reduced tax rate than if she were paid in cash
 
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