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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. |
#2
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Re: Warren Buffet\'s Stance on Taxes
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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 |
#3
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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. |
#4
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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. |
#5
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Re: Warren Buffet\'s Stance on Taxes
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#6
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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 |
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