Warren Buffet On Taxes
- Thread starter AllBizNiz
- Start date
I like your usual posts but this is bullshit.
Poor people rioting against the rich is a relic of class warfare thinking. Nobody is rioting against the rich. Nobody is close to rioting against the rich.
If people started rioting, nigga would more than likely survive with his health and wealth intact regardless.
It's more likely that his real intentions are human. Like us, he wants the US to pull back from the edge of the cliff it's at. Like us, he doesn't want to see China take over the US.
I'm not a Warren B fanboy. I've just thought things through. Put yourself in the shoes of a poor person and ask yourself what would motivate you to start rioting against the mega-rich.
For the record, I also agree with Warren B.
I'd like to raise taxes on the super rich. They aren't creating as many jobs as I expected given their 15% tax rate.
Also cut entitlements. Or let them be run by for-profits.
The rioters in London were claiming everything was the fault of the rich, dude. They're morons, but that was the claim.
Yeah, and anon/lulzboat claim they're work for the good of the people. But we know better.
Most poor (in the US) still believe in the system. They like their welfare checks. They like their McDonalds. They like their meth fixes and "I just wanna get hood rich" dreams.
One thing I don't understand though is the perpetual resistance to raising taxes. I get it: taxes = no fun, government = shitheads. But we're at a place where we might have to default on this thing further down the road if we don't find a way to pay it off.
If ten, twenty years down the road we nosedive, or feeling the financial aftershocks like Japan did in the 90s or the Latin Americans did in the 80s, or witness the rise of China we'd wish we could go back in time and raise taxes to help cover our asses down the road.
We're already past the point of no return if we think simply cutting entitlements is going to fix everything.
China will never take over the US. Their government relies way too much on exports which could go away really fast. They also have their currency pegged to the dollar and won't let it float. The day they fix that, the bubble will burst.
Capital gains are taxed at 15%. Anybody making over 300k gets hit at 35% per the tax brackets the IRS has so kindly provided us. And of course everybody making that will try and lower their tax liability as much as they can through deductions and other means their accountants suggest.
Just like the middle class families who lower their taxes at the end up the year writing off a bunch of shit like mortgages, student loan interest, charities etc.
The reason businesses can't create jobs in this country is because of excessive regulation and ridiculous taxes.
Raising taxes doesn't do anything. Most of our taxes aren't even used for services that benefit us. A lot of our taxes go towards interest on our debt. Taxes are a fraction of the problem. Income tax is a straight scam. And raising taxes doesn't solve the tax problem. It makes it worse. Money is better allocated by greedy, rich white guys than dumbshit government sheep. We don't need to raise taxes. It is an unbalanced equation.
The problems we are facing have been a long time coming. There is nothing we can do to fix it. Things have to crash. The system has to clean itself out. We can put as many band-aids as we want on the problem but it is not possible to fix. The only fix is a crash. The only fix is for things to get even more shitty. We have built a fake system that has to come crashing down. We are mathematically on the losing end at this point. The pendulum must return to equilibrium. Bullshit man made intervention has nothing on universal law. We're finished. We gave our country to criminals. We got fat and lazy. We built other nations while destroying ours. It is what it is. Let's admit to it, hit bottom and then move on.
As for Warren Buffett, I used to like the guy. These days I think he's a piece of shit. He's the largest owner in Moodys and goes around pretending that the US and all our debt is something special. He is a big reason we are in this mess today. Moodys loved rating our bullshit debt. It still does.
There is no way this guy would think raising taxes is the answer. You don't become rich believing in Keynesian BS unless you're bought and paid for. And at this point maybe he is. But regardless, this guy is spouting pure BS. He goes around talking about how great college is, how great the future of America is, how great our debt is and now about how we should raise taxes on "the rich". I guess go ahead and believe it. As always most people are poor for a reason. And that reason is usually their own doing.
Can't speak for what points slayer is trying to make but i agree 100% for the most part.
We've built a comfy entitlement rich society where hard work and diligence are shunned and poor work ethic is applauded.
Look in the media and entertainment on TV, it's all based around stupidity. Kids grow up idolizing rappers who sing only about killing & sex. TV glorifies everything that's wrong with society. Kids are taught in school to be sheep, so on and so forth.
If the government were removed TODAY and your average leech was required to fend for themselves, something like 20% of the US population would cease to exist. Heck, the government estimates that if there was ever a national power emergency (Solar flare, ect) that 150m would die because they don't know how to fend for themselves as far as food production or water goes.
We've built a comfy entitlement rich society where hard work and diligence are shunned and poor work ethic is applauded.
Look in the media and entertainment on TV, it's all based around stupidity. Kids grow up idolizing rappers who sing only about killing & sex. TV glorifies everything that's wrong with society. Kids are taught in school to be sheep, so on and so forth.
If the government were removed TODAY and your average leech was required to fend for themselves, something like 20% of the US population would cease to exist. Heck, the government estimates that if there was ever a national power emergency (Solar flare, ect) that 150m would die because they don't know how to fend for themselves as far as food production or water goes.
Taxes are theft and a wealth transfer, nothing less.
Anything people need, and that they have the means to fund, they can and would. Charities cared for the poor long before welfare. Roads were built long before highway commissions. Schools existed before public education. Military and militias were raised when the times demanded it.
The purpose of tax is to take a portion of society's production, and use it to fund the middleman political class. Taxes pay for government, not for the services government provides, which could all be provided for by the market and have been in the past.
There is nothing noble in taxation. It is the parasite class living off the productive, and creates tension in society, which is predictable when the producers get sick of the moochers, or the moochers believe they are entitled to more than the producers can provide.
One day we'll outgrow the mythology and delusional fantasy of thinking we can organize society with force better than with cooperation.
Everyone who thinks taxes should be higher on someone else, how about you pay more first? And don't wait for a rate increase, cut a check today to your government. Send as much as you can to pay for your share of the debt and entitlements and wars. When you're willing to get a second job to pay for Social Security benefits being paid to seniors next week, people will take you seriously.
Again, Buffet can pay more ANYTIME. He chooses not to. He wants everyone else to pay. Maybe because the companies he owns stock in get bailouts ...
Anything people need, and that they have the means to fund, they can and would. Charities cared for the poor long before welfare. Roads were built long before highway commissions. Schools existed before public education. Military and militias were raised when the times demanded it.
The purpose of tax is to take a portion of society's production, and use it to fund the middleman political class. Taxes pay for government, not for the services government provides, which could all be provided for by the market and have been in the past.
There is nothing noble in taxation. It is the parasite class living off the productive, and creates tension in society, which is predictable when the producers get sick of the moochers, or the moochers believe they are entitled to more than the producers can provide.
One day we'll outgrow the mythology and delusional fantasy of thinking we can organize society with force better than with cooperation.
Everyone who thinks taxes should be higher on someone else, how about you pay more first? And don't wait for a rate increase, cut a check today to your government. Send as much as you can to pay for your share of the debt and entitlements and wars. When you're willing to get a second job to pay for Social Security benefits being paid to seniors next week, people will take you seriously.
Again, Buffet can pay more ANYTIME. He chooses not to. He wants everyone else to pay. Maybe because the companies he owns stock in get bailouts ...
i swear to god, every one of you who think that we have a comfy entitlement rich society have never actually been to a comfy entitlement rich society. For a nation of our wealth, we have absolutely the bare minimum. Germany's economy is proof that you can have a ridiculously strong safety net and still lead in economic growth.
That said, we do SPEND a fuck load on entitlements, like double what other countries do on per capita healthcare, we just don't get the same results they do because our whole system is corrupt. People in the US who have employer based healthcare don't see the money that their employer is currently NOT paying them because instead the employer is paying jacked up insurance rates covering jacked up medical costs and the employee is supporting all of it without realizing it. Meanwhile the employee is grateful they have that insurance because otherwise they would go bankrupt. How fucked up is this shit?
We don't have real capitalism in the US. We have corporatism. We have the worst of the problems with socialism and none of its benefits. We have a terrible terrible mix of private / public shit like freddy / fannie and our whole banking system. It doesn't work at all. Either use the market, or use government, but stuff with these frankenstein combinations results in the worst of both approaches.
That said, we do SPEND a fuck load on entitlements, like double what other countries do on per capita healthcare, we just don't get the same results they do because our whole system is corrupt. People in the US who have employer based healthcare don't see the money that their employer is currently NOT paying them because instead the employer is paying jacked up insurance rates covering jacked up medical costs and the employee is supporting all of it without realizing it. Meanwhile the employee is grateful they have that insurance because otherwise they would go bankrupt. How fucked up is this shit?
We don't have real capitalism in the US. We have corporatism. We have the worst of the problems with socialism and none of its benefits. We have a terrible terrible mix of private / public shit like freddy / fannie and our whole banking system. It doesn't work at all. Either use the market, or use government, but stuff with these frankenstein combinations results in the worst of both approaches.
There are no benefits to socialism, because it is an irrational system.
The US isn't capitalistic, and neither are entitlements, taxes or perpetual warfare.
Also, the two guys who agreed Warren Buffet is more intelligent than everyone at Wickedfire are wrong. Warren Buffet is just more intelligent than them.
The US isn't capitalistic, and neither are entitlements, taxes or perpetual warfare.
Also, the two guys who agreed Warren Buffet is more intelligent than everyone at Wickedfire are wrong. Warren Buffet is just more intelligent than them.
Then Explain Germany. They've got their shit together over there and it works.... FAR FAR FAR better than it does here.
If you truly believe that, then you must also believe government shouldn't exist whatsoever, and we should all live in anarchy.
Yeah... anarchy... then the internet monies would flow.
Fuck me...
Guerilla's favorite quote: correlation does not equal causation.
Germany has their shit together DESPITE socialism. Not because of it. Without socialism they would be even better off.
And yet we have a socialist defense provided by the state, and its probably something you think is necessary.
aren't you cute.
Non sequitur.
I believe government is unnecessary for sane and rational people.
I don't make internet monies because governments exist. I doubt many of the successful people here do. The internet is very unregulated and mostly untaxed. And that is why it is an open, market democracy with incredible dynamism and innovation.
I don't. And it isn't.
Armies existed before government. Money existed before government. Law existed before government. And so on.
Nah, just pointing out bullshit. Seriously bro, I like you. You just make really, really bad arguments in these threads. You attack what others write without ever articulating a coherent or logical theory of your own.
I am TRYING to encourage you to do so, because when you do, I think you could be a very useful person in these discussions, scoring points for liberty, freedom, peace and prosperity.
that's all great but you are debating against arguments that I haven't made. I'm not surprised that you find those arguments to be logically inconsistent and / or incoherent. I have a page full of rep from people who might not agree with me, but do appreciate my contributions and don't seem to a hard time following my points or find what I'm saying to be especially unoriginal.