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Warren Buffet: Increase Taxes on Mega-Rich

quantumushroom says...

this is what we've been trying to tell you QM, the system doesn't work when only a few contribute...the system works when ALL contribute based on what they can afford.

I totally agree, so why does the bottom 50% of Americans pay NO income tax? The wealthy already pay a disproportionately high percentage of all taxes and I have yet to find a liberalsifter who admits this.

I well understand that Scrooge McDuck won't miss a few more shovelfuls of gold coins swiped by federal bulldozers, but lets review reality:

1) The "extra" money attained by "soaking" Scrooge and Rich Uncle Pennybags (from the Monopoly game) will be pi$$ed away, like the 60 billion dollars EVERY YEAR lost to fraud, waste and abuse in Medicaid/Medicare. The federal mafia is composed of sh1tty stewards of our money.

2) The Hawaiian Dunce has spent 3 trillion in 3 years with little or nothing to show for it. So what magical number of dollars is going to make everything all right? A quadrillion?

3) When the socialists raise taxes, the wealthy of 2011 have their accountant press a few buttons on their computating machines, sending their $$$ overseas, invested in more stable markets. Apparently many already have, probably the moment they knew Obama was elected.

4) Liberal say, "Rich man not know difference he still rich." But there's now less money to invest and less money to create jobs. Now some liberalsifter will say, "This graph indicates that the rich don't create jobs with their ill-gotten gains."

BUT, if you're honest with yourselves, you'll know that one million dollars has a much better chance of creating jobs in the hands of entrepreneurs and investors than the government "Department of Creating Jobs" which probably spends that much just on office furniture.

5) The debt limit 'debate' is total BS, always has been. Here is what happened: taxocrats burned through tax money at an alarming rate and there weren't enough elected Republicans to stop them. THAT'S why Moody's got scared and US was downgraded. Republicans can't communicate for sh1t anyway, and so the socialists and their media lapdogs managed to blame the right for this mess.

6) Warren Buffoon likes to be liked, I get that, but he should still STFU and make a real gesture. Giving a symbolic billion dollars to the federal mafia should do it. He won't miss it.

Anti-Masturbation VS. Louis CK

Real Time With Bill Maher: New Rules: Socialism 7/29/11

EMPIRE says...

I have to agree with Chaosengine. Being Portuguese I can assure you our problems are not a direct result of a socialist agenda. In fact, it's the direct result of governments borrowing more than we can pay, and leaving the tab for the next guy like the assholes that they are, and spending money on completely moronic things.

Did you know Portugal is actually one of the countries in the world with the best network of roads? There are no more, no less that 3 different roads, in parallel connecting Lisbon and Porto (the two biggest cities). You have the A1 (the most important highway), then the A17 (a newer highway) and the old N1 (just a regular 2 lane road). WHY? We don't need it.

A few years back, the then Minister of Defence (who is now the foreign affairs minister, a disgusting weasel) order 2 fucking submarines from Germany. They cost 500 million euros each (1 billion in total). Now... It's true that Portugal has an absolutely huge area of the Atlantic to survey, control, and administer, but anyone with half a brain knows that you do that with frigates and fast ships. That 1 billion euros could have been used to save a big famous shipyard which is on the brink of bankruptcy, and could have easily manufactured hundreds of smaller vessels. (oh.. and that shit head of a minister, when he was the defence minister actually told the people who worked at the shipyard that they would be building what I just said. Of course, they never did)

The previous government insisted against EVERYONE that Lisbon needed a new Airport. Of course, that is now on the shelf, be cause it was completely stupid and it would cost several billion euros.

Oh, did I mention the TGV? (the high speed train). Porto and Lisbon are connected by a train called the Pendular, which looks a lot like a tgv, and is supposed to reach speeds of 250 km/h (which is great really. At that speed the trip between the two cities would take no more than 2 hours) the problem is, greedy incompetent assholes always get their hands on government funded programs, and they built the whole line between Porto and Lisbon (which is about 350km's in lenght) and the only place the train can achieve the top speed is between my city and another one to the south, in a journey of no more than 50km's (it's not a safety thing mind you, it's just the track wasn't built like it was supposed to) The rest of the time, the train hops along a 150.. 170km/h. WHY THE FUCK WOULD WE NEED A TGV between the two cities when the existing train is already great IF it had been properly built. Thankfully that's also in the shelf.

The European Championship of 2004... it was great. Portugal almost won the championship, which would have been great, since we were the hosts. And everything went great. Several new stadiums were built, the festivities were very nice, etc. The problem is, most of these stadiums are now a maintenance nightmare, because the ones left with the bill are the cities and not the government. My own city is 200 million in the red because of all this shit (a city of less than 80,000 people. although the whole district has a lot more people. About 600,000).

These are just a few examples, and not ONE of them is a result of socialism, but of stupid management and capitalism, and wanting to buy shiny things.

AND then we also get fucked nice and royally in the ass by most atrocious capitalist system in the world, the american one, which has the 3 most notorious rating agencies spewing nothing but stupidity, speculation, lies, and anything that gets their fuck buddies some extra euros or dollars. The United States was 2 days away from going into default, and only came up with a ridiculous temporary measure. Yet, none of the agencies touched the american rating. How curious! Portugal was bailed out by the IMF, it has a majority government, consensus from the people that sacrifices must be done even though they suck and in some cases are completely unfair, was actually going beyond what the IMF requested, and still Moody's slashed the rating to junk.

In short... this whole financial crisis was caused by over-consumption, really shitty management, and a lot of business practices that should, quite frankly be a crime!

moodonia (Member Profile)

Invading Banks Steal Greek Land And Treasure

EMPIRE says...

Yeah, I gotta say... even as someone from a country being heavily attacked by speculators (Portugal's rating was downgraded to junk level by Moody's a couple of days ago for absolutely no reason, when there is political consensus, a majority in parliament and the government has not only agreed to do what the IMF asked, but beyond. Oh, and we're not Greece, and no one is protesting in the streets) this video is just full of moronic ideas, and personal beliefs (and some of them down right insulting towards certain nationalities).

TED talks with Salman Khan (of KhanAcademy.org)

rottenseed says...

>> ^alien_concept:

Surprisingly for a maths tard I massively enjoyed this. Possibly because I'm now working in a school and every maths lesson I'm mentoring in I feel like a fraud. Mainly because unlike dear rottenseed, for a maths whizz he's very interesting.
promote!


THANKS FOR THE PROMOTE! And see I can care about stuff and stuff. I'm not a total social degenerate. Well I am, but it's a moody type of thing.

moodonia (Member Profile)

Which Ninja Turtle Are You?

Which Ninja Turtle Are You?

Someone Get LeBron James a Tissue

kceaton1 says...

Wish I could quality this so much...

LeBron "What Should I Do?"™ James (he'll always be THAT to me no matter how many rings he has, he'll always be a coward, "I need to get a championship by ponying up on a team with all my all-star buddies and make the NBA season a complete waste of time except for us the Lakers and the team that might beat us because I might be moody...", etc... and his Heat are a joke; along with this years NBA season--which bears repeating. I'm a Jazz fan, so I can sympathize with having players that were on your team, but are whiny bitches (that's more a Carlos Boozer issue; plays great when he shuts-up and also shows up to the game as long as his bunion is OK)...

D-Will and Sloan just sucked. It'll be a bit before the jazz are working again. You can especially tell this, because we're losing our home games--which doesn't happen at all usually; atleast it didn't happen under Sloan...

Train, Hey Soul Sister Live

Alan Grayson - What Republicans Can Do With Their Taxcuts

JiggaJonson says...

>> ^bobknight33:

What can the rich buy with their tax cut?

Employ another employee
Invest in capital equipment
keep the company insurance plan
Keep company matching to employee 401k
Spend then money more wisely
Congressman Grayson (D-Fla.) is such a wipe. Wonder why he lost his election.


I will agree that he could have made a better case overall, but even if his argument isn't fully sound, the idea is. Recent studies show that the rich don't spend tax cuts on the things you mentioned. In fact they often don't spend them at all!!!

Therein lies the problem with this argument. Even if they bought a new BMW every year it would still be helping the economy more than saving it which is what they actually are doing. Bottom line, allowing the tax cuts to expire for the rich would encourage the wealthy to spend and will likely help the economy.

Boduf Songs - 27th Raven's Head - Acoustic Folk&Animated Vid

enoch (Member Profile)

Asperger's Child interviews Mother Cartoon

Crake says...

@MilkmanDan, I think the DSM method of diagnosing mental disorders causes a lot of "sort of" diagnoses (almost everyone can answer yes to one or two or three of the questions for any diagnosis). You can just keep in mind that it's only really relevant to talk about labels like that if it's pathological, rather than just a quirk.

Some parents are perhaps a bit more eager to put a diagnostic label on their child, because it explains the confusing behavior of e.g. a moody teenager. Same goes for "is my baby using drugs?".

It might be healthier to be aware that no one behaves exactly like the textbooks say they ought to, and that doesn't have to be a reason to worry.



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