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Posted

What does Buffet and his secretary have to do with this conversation? Oh that's right, nothing. And when I asked you why the government needs such a large cut it was not rhetorical. Please justify why the government deserves that?

Eisenhower built the Thruways. That was awesome. You couldn't imagine how hard it was before them. Imagine how much more Eisenhower would accomplish were he still alive. In his absence, at least we have Bernie, the one candidate loudly advocating for American Infrastructure. That sort of investment creates jobs in a more definite way than your average billionaires increasing wealth and power.

 

 

 

 

What's more to discuss. Marginal rate discussions that compare billionaires' earnings to average workers do nothing but stimulate envy, which is your stock in trade. Doesn't matter that it takes 10,000 average Joes to equal the taxes that Buffet pays, you earn brownie points with Sanders by talking about marginal rates.

 

Buffet brought up the point himself. He thought the system was imbalanced, because he was just playing the game and ended up paying less tax per dollar income than his secretary. He thought that needed to be called to attention for the betterment of the country. That just earns me points with Buffet. Earning point with Bernie? Yeah right. He only makes a couple hundred G's per year.

Posted

Eisenhower built the Thruways. That was awesome. You couldn't imagine how hard it was before them. Imagine how much more Eisenhower would accomplish were he still alive. In his absence, at least we have Bernie, the one candidate loudly advocating for American Infrastructure. That sort of investment creates jobs in a more definite way than your average billionaires increasing wealth and power.

r.

So this 60% effective rate on people earning a billion dollars will be temporary?

Posted

In his absence, at least we have Bernie, the one candidate loudly advocating for American Infrastructure.

Ummm...someone seems to have forgotten the trillion dollar stimulus plan designed to address shovel-ready infrastructure work.

 

You know...not as shovel-ready as we would have liked?

 

Ring a bell?

 

Your current nutbag socialist poisoned the well for any real infrastructure budget, so Bernie needs to shut the old cake hole because no one trusts a leftist with our money after the single largest money laundering scheme never to be reported.

Posted

So this 60% effective rate on people earning a billion dollars will be temporary?

 

I think the margins would evolve with the times. We really need to pay down the debt but that is a shared issue. Obviously, I was just ballparking what I predict Bernie will propose. He doesn't like just a few individuals to just run away with the money. I, personally think that over half a billion is the point where the wealth becomes obscene. There's a lot more to be said about this issue, so it will be an ongoing discussion I think.

 

 

Ummm...someone seems to have forgotten the trillion dollar stimulus plan designed to address shovel-ready infrastructure work.

 

You know...not as shovel-ready as we would have liked?

 

Ring a bell?

 

Your current nutbag socialist poisoned the well for any real infrastructure budget, so Bernie needs to shut the old cake hole because no one trusts a leftist with our money after the single largest money laundering scheme never to be reported.

 

You can't write checks that your congress can't cash, man.

Posted

 

So in other words...you've got nothing.

 

That's all you have to say.

 

You've got nothing.

 

A you talkin' t'me?

 

Aw said. A you talkin' t'me?

 

Take a look at my litle friend.

 

supersanders.jpg

Posted

Mmmmm...

 

Yeah, Sanders has never fought for anything remotely American.

 

He's trying to import 1935 Europe.

 

At least be honest.

 

Now I'm hoping for you to teach me about 1935 Europe, because I didn't have that in mind at all!

Posted

Ah, Hell,

 

Franz, you are nothing but a doofus.

 

I like to Garden too.

 

 

Mmmmm...

Yeah, Sanders has never fought for anything remotely American.

He's trying to import 1935 Europe.

At least be honest.

 

The old sarcasm, buddy. Nicely done.

 

(He and I are old allies, for all the young dittoheads out there)

 

It will all make sense come election time, folks.

Posted

 

 

He might hit the over 3 billion bracket really hard, like 80%

 

I haven't had the chance to mention Warren Buffet paying a lower effective tax rate than his secretary, so I'm just going to prematurely ejaculate that sentence all over this conversation. :oops:

 

And this 90% thing can't be attributed to me, though I appreciate your humor. :beer:

How do you get a bigger cut of Buffett's money and what are the collateral consequences?

Posted

How do you get a bigger cut of Buffett's money and what are the collateral consequences?

 

Step one: do all you can to ensure the only way to transport oil in the US is by rail.

Posted

Mmmmm...

Yeah, Sanders has never fought for anything remotely American.

He's trying to import 1935 Europe.

At least be honest.

They had free college tuition in Europe in 1935? Sounds more like 2014 Tennessee to me
Posted

How do you get a bigger cut of Buffett's money and what are the collateral consequences?

It would have to be through the Capital Gains tax. Buffet's annual salary has remained at 100k for a long time.

 

Maybe create marginal rates for Capital Gains. The rates on Capital Gains would have to be lower that the rates on ordinary income. Otherwise, the Capital Gains tax would be a disincentive to investing and bad for the economy.

Posted

It would have to be through the Capital Gains tax. Buffet's annual salary has remained at 100k for a long time.

 

Maybe create marginal rates for Capital Gains. The rates on Capital Gains would have to be lower that the rates on ordinary income. Otherwise, the Capital Gains tax would be a disincentive to investing and bad for the economy.

Why a marginal tax on cap gains? Why is it important to you to punish people who make the large capital investments which drive the entire economy?

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