View Single Post
  #79  
Old 11-15-2007, 10:27 PM
West West is offline
Senior Member
 
Join Date: Feb 2004
Posts: 1,504
Default Re: Warren Buffet\'s Stance on Taxes

[ QUOTE ]
[ QUOTE ]


[ QUOTE ]
- 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 your posts though in general.

[/ QUOTE ]

[ QUOTE ]
Stop trolling, if you actually have anything of value to contribute, then do it. Buffett points out how the super-rich are taking increasing percentages of our national wealth, and thinks we need the estate tax to prevent this so why is it absurd to point out the estate tax has existed through out the entire time that gap has grown?

[/ 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.
Reply With Quote