Warren Buffet's Stance on Taxes

[ginko]

I just wanted to point out, when I opened this thread my virus scanner notified me of a trojan download coming from maxtower.

"detected: Trojan program Trojan-Clicker.HTML.IFrame.ee URL: http://www.maxtower.com/penny.jpg"

[Mark1808]

[ QUOTE ]
I just wanted to point out, when I opened this thread my virus scanner notified me of a trojan download coming from maxtower.

"detected: Trojan program Trojan-Clicker.HTML.IFrame.ee URL: http://www.maxtower.com/penny.jpg"

[/ QUOTE ]

I did too!!! What's up with that?

[mtgordon]

Crap, and I had my firewall turned off so I could connect to a server at school. FWIW maxtower's avatar doesn't show up (I might have it blocked) so I might be okay. What's the best way to proceed? I already disconnected from the server so I could turn ZoneAlarm back on.

[CrushinFelt]

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 penny" example (yes you fools, it's not realistic to think of items doubling in value but you get the point, jesus).

Also, I laughed at the "spin doctor" comment ;p

fwiw, I should also add that maxtower's avatar does not show up on my computer here at work.

Edit: there is a thread now in the ATF forums about maxtower's avatar

[CrushinFelt]

[ 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 to make without any proof.

[APXG]

[ QUOTE ]
[ 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 to make without any proof.

[/ QUOTE ]

you can insert whatever level of competence you believe to be true -- the point is that average people get conned in the markets every day for billions b.c. of their mental / psychological flaws. i am not saying we should protect them, its their fault, they enslave themselves by way of their own stupidity. but we should still understand what is happening. for the avg person, it is a REVERSE magic penny.

[CrushinFelt]

Warren's Testimony

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 wealth from it. However, that money is mostly spent consuming which is leading to the growth of a company and/or the "better than average person" at growing wealth. This is probably equivalent, but not worse than, government spending on a bunch of useless purchases or the funding of a useless job for a person who will also squander their money.