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Warren Buffett says rich should pay more taxes

By tovarichpeter   2012 Nov 26, 12:34am   ↑ like   ↓ dislike   747 views   9 comments   watch (0)   share   quote  

http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?hp&_r=0&gwh=EDBC222439470FC2EEE2773AF11C90BC

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1   iwog (215/215 = 100% civil)   2012 Nov 26, 12:35am  ↑ like (2)   ↓ dislike (1)   quote   top   bottom   home   share  

Warren Buffett is right.

2   zzyzzx (85/85 = 100% civil)   2012 Nov 26, 2:08am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

I think Warren Buffet should pay more taxes.

3   tatupu70   2012 Nov 26, 8:31pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

zzyzzx says

I think Warren Buffet should pay more taxes.

So does Warren. That's the point.

4   Fucking White Male (30/30 = 100% civil)   2012 Nov 26, 10:05pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Then cap deductions on income tax@ $25K + raise the captial gains tax to 25 or 28%.

Funny how people want the "rich" taxed but somehow are not on board with this very simple concept.

Otherwise rich people are just going to do what they did in the late 1970's when the marginal tax rate was 70%...they'll find investment loopholes and avoid the high tax.

Buffet is full of shit if he wants us to believe he kept investing away, all the while paying a 70% tax rate on those investments.

5   upisdown   2012 Nov 26, 10:48pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Warren Buffett says........................

His money is in a charitable remainder trust, and it doesn't look like he's about to suddenly change his spending patterns or habits. He can say whatever he wants, and claim who knows what, as it won't change much of his personal wealth. His business interests will adjust and/or adapt, and will lobby for some other type of preferential treatment to keep raking it in.

Just because he's stinking rich doesn't mean that we have to listen to EVERY word that he says. Maybe he should just go back on CNBC and answer some more stupid questions, like where he gets his hair cut and how much it costs, if he wants to inflate his ego some more.

6   tatupu70   2012 Nov 26, 11:12pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

upisdown says

Just because he's stinking rich doesn't mean that we have to listen to EVERY word that he says

Nope, of course not. But, in this case, he's right. So we should listen.

7   upisdown   2012 Nov 26, 11:20pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Would Buffett still feel the same way about other things that might squeeze his nads a little and that should also be done? How about the cap on Social Security on income?tatupu70 says

Nope, of course not. But, in this case, he's right. So we should listen.

We already know what amounts and where tax money has to come from, and Buffett saying it doesn't make it right, or MORE right.

8   tatupu70   2012 Nov 26, 11:52pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

upisdown says

We already know what amounts and where tax money has to come from, and Buffett saying it doesn't make it right, or MORE right.

Again, Buffet saying it doesn't make it right. Buffet says it BECAUSE it is right.

9   TechGromit   2012 Nov 26, 11:56pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Unfortunately raising the tax on the rich isn't going to be enough to balance the budget. It will certainly help, but it's not a cure all. I don't think a 30% tax rate on investment income over 1 million dollars is going to be too much of a hardship for anyone.

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