Re: Warren Buffet\'s Stance on Taxes
 

[ QUOTE ]
[ QUOTE ]
It is obviously absurd to suggest that the estate tax, which by it's definition takes money away from only the extremely wealthy "doesn't work" in reducing the gap between the rich and the poor, just because that gap has been increasing during the existence of the estate tax. Obviously this doesn't occur in a vacuum. The gap didn't increase because of the estate tax, but it increased by a smaller amount than it would have because of it.


[/ QUOTE ]

I hope this is a joke. But I don't think it is lol

[/ QUOTE ]

If when Bill Gates dies, the government takes $1000 of his money and gives it to a poor person in the form of a tax credit, as Buffett suggested, it has transferred money from someone very rich to someone poor, thus reducing the gap between the rich and the poor. Beavis and Butthead could understand that.

Re: Warren Buffet\'s Stance on Taxes
 

West,

I actually think we aren't disagreeing. I just think the estate tax is too ineffective to have a large affect on income inequality. Add to that its unfairness and there are much better options including

1) allowing public company shareholders to propose board slates.
2) Heavily taxing people making excess profits from businesses that recieve direct government subsidies or benefit from government sponsored market restrictions.

Re: Warren Buffet\'s Stance on Taxes
 

another thing to keep in mind:

http://www.dealbreaker.com/2007/11/w...f_lobbyist.php

Re: Warren Buffet\'s Stance on Taxes
 

lol at this response

[ QUOTE ]
well you lost all my respect here. you are a moron. if you can't separate his philosophy from a business interest then you are some useless kantian [censored].

take a vacation and learn how to think shitbrain.

oh yeh. it's old news too.

Posted by: lancey | November 16, 2007 02:34 PM



[/ QUOTE ]

hilarious