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(Reuters)   Warren Buffett, the other noted American communist after Ben Stein, wants to raise taxes on the rich   ( reuters.com) divider line
    More: Interesting, Warren Buffett, American communists, ordinary income, State of the Union  
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787 clicks; posted to Politics » on 27 Nov 2012 at 9:18 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2012-11-27 04:45:11 PM  
1 vote:

Debeo Summa Credo: btchin trans-am: max_pooper: Hoarding cash reserves should yield a higher tax than investing it. That's using the tax code to encourage growth and economic expansion, that's exactly the way it should be.

Forget it Max. It's Potatotown.

It certainly is, considering "hoarding cash reserves" is investing it. What do you think happens to the cash that is "hoarded" by corporations? Do you think it goes in a farking mattress or into a safe in the CEOs office?

It goes into a bank, but it's still "cash."

You should run for the mayor of Potatoetown,

"Hoarding cash reserves" it definitely not investing it. Cash is not an investment. I used the term "hoarding" to refer to cash held by the corporation. If a corporation wishes to sit on its money left over after paying expenses as cash sitting in a bank account, that's fine, it will be taxed as income. If the company wishes to use the money for business expansion, even better, that's why it is not taxed as income. It's better for the economy because it expansions GDP and it's better for the investor because they company's value increases along with the shares the investors own.
2012-11-27 12:45:22 PM  
1 vote:
It's amusing that Buffett is in the very upper reaches of the wealthy minority, and yet the lesser (and therefore presumably less successful) multimillionaires regard him as a class traitor.
2012-11-27 12:13:39 PM  
1 vote:

Carn: I wonder what eliminating the cutoff would do for social security solvency.

It would only help marginally, as the expected increase in revenue from high earners would be negated by the majority of them drowning to death in their own tears for having to put in more than they could reasonably expect it to pay out.
2012-11-27 12:02:41 PM  
1 vote:

knowless: it won't work, they can't generate enough revenue, basic math. the discussion is irrelevant.

Talk about the most stupid argument I have ever read in my entire life.

This is how stupid your argument is:

"Well I was going to take a road trip across the country but I couldn't make it in one tank of gas so I decided not to go."

Well no shiat you farking dumbarse. Anyone who thinks they are going to drive across the country in a standard civilian vehicle on one tank of gas should be lined up and shot to keep the gene pool from depleting any further.
2012-11-27 11:59:34 AM  
1 vote:

sammyk: "In the meantime, maybe you'll run into someone with a terrific investment idea, who won't go forward with it because of the tax he would owe when it succeeds," Buffett said. "Send him my way. Let me unburden him."

I think I have a Buffett crush

You know its true. I was going to buy a powerball ticket and win that $450 mIllion. Then I found out that after picking a lump sum and the tax hit, it will only be worth about $280 million. Why even bother if they will just leave you with such chump change?
2012-11-27 11:08:01 AM  
1 vote:

hugram: I uncheck the ignored flag to actually read the troll's comments... After reading the few farkers that handed his ass to him, I don't think tenpoundsofderp will be back to this thread. 

Come on troll, defend yourself on this thread!!!

What a surprise. After getting his ass thoroughly handed to him on a silver platter Warren Buffet's McDonalds tray, he's back to triple down on the same debunked stupidity.

Will he go for the rare quadruple down?
2012-11-27 10:45:42 AM  
1 vote:

Philip Francis Queeg: When Buffett plays golf with his friend, Bill Gates, who's on his board, their typical bet is $1

middleclasshell.comView Full Size
2012-11-27 10:36:39 AM  
1 vote:

tenpoundsofcheese: Right: he says it wouldn't hurt to raise capital gains, but wut a surprise, he only has a proposal to raise the income tax.
He has NO proposal to raise the capital gains tax. NONE.

i584.photobucket.comView Full Size
2012-11-27 09:54:59 AM  
1 vote:

tenpoundsofcheese: Redacted for people who have TPOC on ignore

Couldn't be bothered to read the article or the thread before waltzing in and taking a dump, eh?
2012-11-27 09:48:29 AM  
1 vote:

theknuckler_33: knowless: it won't work, they can't generate enough revenue, basic math. the discussion is irrelevant.

That's why the idea is to generate more revenue AND cut spending. You know, the deal from last year where Boehner said he got 99% of what he wanted and the GOP STILL voted against it.

Hey libtard, stop lying... Boenher only got 98% of what he wanted.

Soon after that, S&P downgraded its credit rating of the U.S.
2012-11-27 09:36:32 AM  
1 vote:
But if we raise taxes on the rich, they won't create anymore high paying jobs!

i47.tinypic.comView Full Size
2012-11-27 09:36:07 AM  
1 vote:

cirby: Gee... the guy who makes most of his money off of selling tax shelters to rich people wants more taxes on rich people, so they'll invest more money with his companies so he can make even more money. What a shock.

Higher taxes on the rich will lead to increased investment? Funny, I've heard right-wingers of all stripes claiming that any increase in capital gains taxes will lead to decreased investing.
2012-11-27 09:32:12 AM  
1 vote:

Lost Thought 00: Of course he's for it, he doesn't make a dime in income. Call me when he proposes taxing capital gains as income, that'll be real news

Interestingly he lives within his salary, which is pretty modest. He's not using those capital gains to do more than earn more capital.
2012-11-27 09:26:11 AM  
1 vote:
Donate your money to the gov...

Headso: in before donate your money to the goverment

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