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Warren Buffet: Increase Taxes on Mega-Rich

quantumushroom says...

The rich pay a higher percentage, and more taxes overall than the poor. Why do you think anyone is saying otherwise?

And that's absolutely how it should be, for the good of everyone, rich included.


But why doth "the poor," who siphon the "free" money, have no civic responsibility at all? Shouldn't they be paying something into the system? Or maybe "dependency voters" are needed by a certain political party?

It's perfectly sensible to talk about why some people don't pay any taxes at all. I'm not even debating that. But the rich should still pay more, regardless. The US has been one of the strongest economies for most of the 20th and 21st centuries with a progressive income tax, and it's been a heck of a lot more progressive than it is now, and we were still very prosperous.


The rich already DO pay more. It will do NO GOOD to shakedown the rich for ever more $$$. The problem with tax addicts is they can never get enough. It's too easy to spend money. Destroy the incentive to invest and/or create (or deny there is incentive at all) and you get stagnation. GOVERNMENT CREATES NOTHING.

Showing fraud in some programs doesn't mean the program should be abolished. It can be reformed as well. There are plenty of ways to do that. We didn't abolish welfare in the 1990s. We reformed it. And no, it's not true that private businesses will always create the jobs when the economy is down. History has proven quite the opposite. Why would a business invest to make more goods and services if there's no market for it. A downturn in the economy breeds more economic decline. It's called a business cycle, and it's a natural occurrence. If you were a business owner, generally speaking, if you know less people out there have the money to buy your goods and services, would you increase production and hire more workers? Of course not. Does the average person put more money into the stock market or take money out when the market tanks? Takes money out, which drains money for investing. This is basic micro and macroeconomics.

But what about now, when our cherished federal mafia creates INstability? No sane businessperson will hire now with the Hawaiian Dunce in office. I've heard this claptrap about government spending as savior before.

"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot."

Henry Morganthau, U.S. Secretary of the Treasury during the administration of Franklin D. Roosevelt.


Some force has to run counter to the natural tendencies of the market to force demand to increase, and of course this virtually always requires running a deficit. This is why slogans like "the gov't should be run like a business" are simplistic and wrong. The gov't should in those situations create jobs through various programs, thereby increasing income for the lower classes, which creates spending and demand, which then causes businesses to increase production, hire more workers, and that gets the economy back on track. You can site case study after case study in our history we've done this, and it worked.
But it's not working now, is it. OOPS! I agree that govt should not be run like a business. It should instead by treated like the dangerous raw force it is, because that's ALL it is.

We ended the Great Depression via defense spending in the form of WWII in record levels as the most obvious exaggerated example. That historically was qm's worst nightmare - record deficits in raw amount at the time, and still to this day historic
record deficits as a percentage of GDP during WWII, followed by a tax raise on the richest Americans to over 90%. And what calamity befell the US because of those policies? We ended the Great Depression, became an economic Superpower, and Americans enjoyed record prosperity it and the world had never seen before.

This is historical fact that simply can't be denied.


There's some fact in there, but the cause and effect seems a little skewered.

FDR was a fascist, perhaps benevolent in his own mind, but a fascist in practice nonetheless, the sacred cow and Creator of the modern, unsustainable welfare state. He had no idea what he was doing and there is a growing body of work
suggesting his policies prolonged the Depression.


Here's what happened - Democrats deficit spent as they were supposed to (which is exactly what the GOP would have done had they been in power, because it was started by George W. Bush), which stopped the economic free fall.

This is all quite arguable. Yes, Bush the-liberal-with-a-few-conservative-tendencies ruined his legacy with scamulus spending, but nothing--NOTHING--close to 3 trillion in 3 years! Spending-wise, it's comparing a dragster to a regular hemi.

Moody's didn't downgrade the US debt. It was S&P. They sited math about the alarming deficits which contained a $2 trillion mistake on their part. They also sited political instability as the GOP was risking default to get their policies in place, which btw still include massive deficits.


Do you wonder why you can so neatly explain things while the Democrats in DC, with their arses on the line, cannot? The failed scamulus has forced the DC dunces to change boasts like "jobs saved" to "lives touched". Apparently there's a lot more to this tale than the Donkey Version.

The GOP couldn't stop the Democrats from spending all that money?! Laughable.


They didn't have the votes.

The GOP started the freakin' bailouts and stimulus! What did the GOP do the last time there was a recession after 9/11? Deficit spent, then continued to deficit spend when the economy was strong. Dude, seriously, you have no factual basis for
that kind of claim whatsoever.


Compare taxocrats' dragster-speed spending of the last three years versus Repub spending during the 8 years before it. The argument of "But they do it too!" has some merit, but as the rise of the Tea Party has shown, business-as-usual is no longer acceptable.

Oh, and taxocrats, remember this: the Hawaiian Dunce considers anyone making over 250K to be millionaires and billionaires.

Cedar Point's Top Thrill Dragster POV in HD

Magnet Slowly Falling in Copper Pipe

Krupo says...

>> ^nosro:

This is the same principle used to brake some of the newer roller coasters like Top Thrill Dragster at Cedar Point: http://www.youtube.com/watch?v=LbN3NU4hIZg. In the roller coaster, the train has the magnet which passes over vertical copper fins that you can see protruding up from the track at the end of the ride.


LOL - even better are the times when it goes backwards. Or simply gets stuck:
http://www.youtube.com/watch?v=LeOEZqbCjzQ&feature=related

Magnet Slowly Falling in Copper Pipe

Ready, set, go! Noooooooooooooooo!

NordlichReiter says...

>> ^doogle:

What kind of car/space shuttle is that?


It's a funny car. Which is basically a top fuel car inside of a "fake" shell. it's just a dragster with a shell on the outside of it. That shell does nothing to protect anyone, which is why the driver is sitting in that cage all back of the bus like. Whenever these things crash the only thing left is the damn roll cage.

http://en.wikipedia.org/wiki/Funny_Car

Also that thing he hits near the end of the video is the chute release, I think. That seems most likely cause the car jolts as the chutes catch air.

Bill Clinton making Obama's case

quantumushroom says...

You're right gun-free 'zones' don't work. When you're one of few states in country that on the whole has liberal gun ownership laws and simply ludicrous gun ownership levels compared to any other developed country, you'd be naive to propose than it would be anything but marginally more difficult for criminals to smuggle legally purchased firearms in from neighbouring states, unless you enforce highly stringent cross border checks.

There are more peaceful countries with more guns per person than the USA. Mind you, they have small, homogenous populations and guns are more a part of their sport culture. No matter the country, the bad guys have guns and can get guns. Always will.

I've lived in both kinds of states. The People's Republic of Mexifornia has stringent gun control laws in violation of the 2nd Amendment. Unless carrying illegally, the citizens there are unarmed sheep. The idea there is to keep people dependent on Big Government. Individual victims are unimportant.

In right-to-carry states (close to 40 states now) crimes shift from invasion (victims at home) and carjacking to theivery when the victim isn't around, though I always enjoy reading about a 90-year-old granny with an S&W permanently recalling some deserving idiot who tried to break into her home.

In the same way, a universal ban on firearms would likely not have any immediate drastic effects on violent crime involving firearms, other factors such as living standards, unemployment levels notwithstanding. A governmental requisitioning of all registered firearms would be far more effective, such the one conducted in Australia which saw 650,000 firearms surrendered in 1997, and a 47% decrease of firearms related deaths in just four years. Again though, with an estimated 50% of US households owning guns with a significant number unregistered, and a potentially far higher average gross amount, the effects would be unlikely to be felt immediately.

My understanding is that crime went up after Australia's gun ban.

http://www.geoffmetcalf.com/aus.html

It only makes sense. If a guy holding a cricket bat doesn't know if I have a gun behind my back, he might not be so quick to attack. Take away that criminal's certainty that he won't be seriously injured and you only embolden him. There's simply no reason to believe that criminals will stop acquiring guns by any means necessary. Gun control punishes only the law-abiding.

Pushing the libertarian approach of the Second Ammendment is skirting around the issue in two ways. Firstly the Second Ammendment talks about the need for a well trained armed militia which is arguable at best in terms of modern necessity and the likely initial motivation for the clause.

The Supreme Court of the United States does not share the liberal view that 'The People' refers to organized militias. It is defined as an individual right.

Secondly where is this connection between the assumption that gun ownership is a supposed human right and the Second Ammendment? That's an separate argument entirely and is very debatable.

Self-defense is a fundamental human right. Firearms are merely a technological extension/expression of this right. People who believe in non-violence to the point they would not resist an attack from someone trying to kill them have the right to not resist and be killed, though most people would call such a thing "suicide by murder." But people do not have the right to hinder or remove others' right to self-defense just because they think disarmament will create "a safer environment". If there was a walled village somewhere that wanted to ban all guns, and all the people living there agreed to it, I don't see anything wrong with that. Unless they were going to be robbed.

The state's role is to provide collective security, it's not simply true that individual freedoms should be protected at any cost and to any extreme case by default, that's a circular argument. How far would you take that absolute argument exactly?

In addition to the right to bear arms--which truly is a right that should apply to every human being save criminals--I believe there are reasonable standards for self-defense that should never be infringed upon. There's no valid reason why any adult citizen of sound mind could not have a firearm to protect the lives of family and to a limited degree, property. Most Americans are unaware it's perfectly legal to own machine guns, and many hobbyists and collectors pay the extra licensing fees and do. We all know a missile launcher for home defense is as impractical as driving a dragster to work; it's not really an issue.

Hard drugs like cocaine? Biological weapons? In my view collective security includes restricting gun ownership to police and trained security personnel. Obviously your view differs but it's not logical to claim that by default without any justification as to why you draw the line exactly where you do.

I understand your point of view. Again, in countries like Japan where people are obedient rule followers, the State can get away with total gun control. However, the downside of that level of obedience is when the Emperor commands, "Go crash your plane into ship." There are certain segments of societies that can and do live without guns. But it only works if it's by choice and there are zero criminals about.

Oh and just out of interest, how likely do you really think that faced with a gun pointing at your face, you'd be able to protect yourself with a loaded and armed firearms conveniently with you at all times (which you of course know how to use) and not tucked away and unarmed in a desk drawer to ensure your 4 year old doesn't get their hands on it?

I think you've answered your own question in a roundabout way. If you think that it's impossible to defend yourself with a nearby firearm, how do YOU expect police and trained security personnel to save you? In America, there's no law that says a cop has to take a bullet for you or is required to give their life to save yours. American law loosely defines police as supposed to "protect society." That doesn't mean anythng to you and me personally. The joke is: 9-1-1 is govt.-sponsored Dial-a-Prayer.

The 4-year-old and gun safety issues are aided by the same thing that allows people to move relatively safely in a world of chainsaws, cars and not smoking while pumping gasoline: education.

Regarding your Wild West scenario, most criminals are after cash or other valuables. They don't want to have extended shootouts, and even when they're nutballs like the coward at Virgina Tech, they don't want anyone else being able to shoot back. While no single student with a gun may have been able to take out that nut, the more people that might've had a gun the better the odds would've been of stopping him sooner.

In the USA, guns are used to save lives over 2 millions times a year. Most of those incidents, the gun isn't fired, merely drawn.

Even if you never own a gun, don't you owe it to yourself to learn firearm basics and safety? They are a part of this world.

For those wondering about the relevance of these posts to this sift, B. Hussein Obama is a gun-grabbing leftist. Those that don't trust a citizenry with guns should not be trusted with power.

Don Renfrow, the luckiest man in the world.

pho3n1x says...

that was a lot of drama and atmosphere for a simple crash... i mean, sure.. he's lucky and all, but if you ever get the "opportunity" to witness an alcohol dragster vaporizing against a wall, this looks like nothing...

Kingda Ka - world's tallest, fastest roller coaster POV shot

Sketch says...

Dragster was one of those misstep rides that was kind of a waste of time. Like the Demon Drop was. I remember waiting in line for 2 hours for the Demon Drop when it opened in '83 for a whole 10 second ride, if that. Now they're trying to sell it.

At least with Dragster they started queuing the lines by assigning time tickets, so you didn't have to wait forever. So yeah, I've ridden the original, and it's cool to go really fast, really quickly, but it's not that great and is over too fast.

With Maverick they are taking that magnetic propulsion tech and using it for a proper coaster. It looks like it'll be a great companion piece to the classic Mine Ride in old Frontiertown, while not trying to just quickly one-up the hight and speed records with a cheesy ride.

Kingda Ka - world's tallest, fastest roller coaster POV shot

SaNdMaN says...

"I was more impressed with Batman & Robin Mr. Freeze thingy, and that was what.. 1999? I've ridden Dragster, and it's about as exciting as any of those generic, at any amusement park type rides. Like a power tower, or whatever. The best rides are Raptor, Magnum XL, Beast, Millennium Force"

Nonsense. I've been on those coasters many many times and they're totally different. No comparison.

"And no, they ripped off a ride designed for Cedar Point to be the fastest/tallest. And just modified it 2 yrs later to be a clone to steal title of fastest/tallest. It clearly is an attempt buy some "coolness" to another park."

Whatever. Knowing that there's a similar coaster somewhere else doesn't make this one feel any less awesome.

Kingda Ka - world's tallest, fastest roller coaster POV shot

joedirt says...

I was more impressed with Batman & Robin Mr. Freeze thingy, and that was what.. 1999? I've ridden Dragster, and it's about as exciting as any of those generic, at any amusement park type rides. Like a power tower, or whatever. The best rides are Raptor, Magnum XL, Beast, Millennium Force

And no, they ripped off a ride designed for Cedar Point to be the fastest/tallest. And just modified it 2 yrs later to be a clone to steal title of fastest/tallest. It clearly is an attempt buy some "coolness" to another park.

Kingda Ka - world's tallest, fastest roller coaster POV shot

Water fueled Jet powered peugeot 206



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