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Forum: Business, Finance, and Investing 11-16-2007, 09:16 PM
Replies: 83
Views: 392
Posted By CrushinFelt
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].
...
Forum: Business, Finance, and Investing 11-15-2007, 10:37 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ 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...
Forum: Business, Finance, and Investing 11-15-2007, 05:49 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]


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- It doesnt work i.e. reduce the gap between rich and poor. Its been in place almost the entire time the gap has grown.


[/ QUOTE ]

That's an absurd point. Like...
Forum: Business, Finance, and Investing 11-15-2007, 01:14 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

I read it again even though I thought I wouldn't be able to without throwing up on my keyboard. He says so many dumb things it's really hard to believe that they came from his mouth.

[ QUOTE ]...
Forum: Business, Finance, and Investing 11-15-2007, 11:24 AM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

Ok, I read it.

I have lost all respect for Warren Buffett.
Forum: Business, Finance, and Investing 11-15-2007, 11:19 AM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

Warren's Testimony (http://www.cnbc.com/id/21791804)

I haven't read it yet.

Also, I disagree that people are equivalent to a reverse magic penny. They may squander their money and not build...
Forum: Business, Finance, and Investing 11-15-2007, 10:30 AM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
the average american is worse at managing his money than even the us government, so THEIR money is actually best off in the govt's hands.

[/ QUOTE ]

Errrrr, that's quite a statement...
Forum: Business, Finance, and Investing 11-15-2007, 10:24 AM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

This thread turned into a much better thread than I thought it would, and it helped me learn more about the current tax setup.

One thing that I am very glad cameout of this was mook's "magic...
Forum: Business, Finance, and Investing 11-13-2007, 06:58 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
[ QUOTE ]
those ntu figures do not include payroll taxes, but i think they DO include capital gains taxes in their definition of "personal income taxes".

[/ QUOTE ]

I agree. The...
Forum: Business, Finance, and Investing 11-13-2007, 06:21 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
You might want to read what Buffett is saying if you want to rebut it. His main point is that when adding payroll taxes to the income tax on wages, the marginal rate on someone making 50k...
Forum: Business, Finance, and Investing 11-13-2007, 06:14 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
crushin, this is a morality/equality issue. I dont think anyone here will argue that taxes are good, or lowering any taxes wouldnt be good for the economy and financial markets. If you...
Forum: Business, Finance, and Investing 11-13-2007, 06:09 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
[ QUOTE ]
I think most people would prefer if the rich at least paid the same taxes as the poor and middle class. There are a lot others who would be in favor of higher taxes on the rich...
Forum: Business, Finance, and Investing 11-13-2007, 05:53 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
He knows the prudent thing to do is to come out favoring higher taxation for the wealthy because it lowers his profile as a target.

[/ QUOTE ]

I don't understand what you mean.
Forum: Business, Finance, and Investing 11-13-2007, 04:55 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
Do you want to pay more?

[/ QUOTE ]

Um, no.

[ QUOTE ]
is it sad that I want to pay less taxes?
Forum: Business, Finance, and Investing 11-13-2007, 04:53 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
the rich should not have a lower percentage of their work taxed than the middle or poor.

[/ QUOTE ]

Why pls?
Forum: Business, Finance, and Investing 11-13-2007, 04:44 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

I think you need to define "more". This thread is getting the responses I was expecting, and it's sad.
Forum: Business, Finance, and Investing 11-13-2007, 04:28 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
A moral person speaks up here.

[/ QUOTE ]

This makes me want to vomit.

No, it's worse than that. It actually pains me to read that.

Edit: I'm looking forward to hearing his...
Forum: Business, Finance, and Investing 11-13-2007, 04:09 PM
Replies: 83
Views: 392
Posted By CrushinFelt
Warren Buffet\'s Stance on Taxes

I'm sure it's been talked about here, but I don't think there was an official thread. To see what I'm references read this articles and the articles linked inside it:

Buffet Says the Rich aren't...
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