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Matt McKenzie
04-11-2012, 07:20 AM
From the Obama campaign website website:
“The Buffett Rule would require everyone to pay their fair share — a key step to reduce the deficit and invest in what we need to grow and strengthen the economy."

Jay Carney (White House Press Secretary):
“No one ever suggested that implementing the Buffett Rule would contribute in large measure to reducing the deficit,”

steve hoppas
04-11-2012, 08:11 AM
If Buffett is so willing to pay more, then why is he already in a legal battle with the IRS for tax evasion. All smoke and mirrors.


I am not a big fan of Romney, with that being said, if my lab gets the GOP nominations i will vote for him, anything to get that idiot Oboma out of the White House

Buzz
04-11-2012, 11:26 AM
From the Obama campaign website website:
“The Buffett Rule would require everyone to pay their fair share — a key step to reduce the deficit and invest in what we need to grow and strengthen the economy."

Jay Carney (White House Press Secretary):
“No one ever suggested that implementing the Buffett Rule would contribute in large measure to reducing the deficit,”


So, I think what you're saying by quoting this is that any single measure that might be taken to address the budget deficit is not worth taking unless that single measure completely solves the problem...

Raymond Little
04-11-2012, 11:51 AM
So, I think what you're saying by quoting this is that any single measure that might be taken to address the budget deficit is not worth taking unless that single measure completely solves the problem...

Maybe Matt is clarifying that the "Tax the Rich" mantra is more smoke and mirrors from a disingenous administration trying to even the score.;)
Is soaking the Rich designed to decrease the budget deficit or not?
Why can't this administration answer very simple questions? Could it possibly be the fact that the One's Tax the Rich scheme will do nothing for deficit reduction when his budget spends it and then some?:rolleyes:

Marvin S
04-11-2012, 11:52 AM
Jay Carney (White House Press Secretary): “No one ever suggested that implementing the Buffett Rule would contribute in large measure to reducing the deficit."


So, I think what you're saying by quoting this is that any single measure that might be taken to address the budget deficit is not worth taking unless that single measure completely solves the problem...

Buzz - I took the OP as an example of the typical class warfare that the POTUS attempts to engage in.

Sort of like the AMT - for those few who clipped coupons - now the lower middle class is the one paying it & the coupon clippers are still not paying :eek:.

Matt McKenzie
04-11-2012, 12:49 PM
So, I think what you're saying by quoting this is that any single measure that might be taken to address the budget deficit is not worth taking unless that single measure completely solves the problem...

Seriously? That's what you think I'm saying?

ARay11
04-11-2012, 01:20 PM
Seriously? That's what you think I'm saying?


maybe i am confused, but I am taking this as yet another example of the Obama campaign and the Obama administration talking out of both sides of their ... ummm... mouth.:rolleyes:

coachmo
04-11-2012, 03:09 PM
Has anyone else noticed that Obama and his administration very seldom talk about the deficit and never bring up a budget while they are bashing the "rich" and telling the undoubtedly dumb masses that everyone needs to pay their fair share. Could that have anything to do with using the extra revenue generated by fleecing the rich to support more government give away programs to the recipient class? People actually defend this guy and his policies!!

troy schwab
04-11-2012, 03:26 PM
Has anyone else noticed that Obama and his administration very seldom talk about the deficit and never bring up a budget while they are bashing the "rich" and telling the undoubtedly dumb masses that everyone needs to pay their fair share. Could that have anything to do with using the extra revenue generated by fleecing the rich to support more government give away programs to the recipient class? People actually defend this guy and his policies!!

If they actually came up with a budget it would expose his frivolous, pork projects that he holds dear........ Wouldn't want to do that???????? This guy should be held responsible......... Wont happen though...... He's a shame to this country.

Franco
04-11-2012, 03:45 PM
It is interesting to watch Obama and friends support with the Buffett rule, the class warfare and the "make the rich pay". I get why Obama is doing it; by dividing the people, he can attempt to control the people.

But what is the angle of the Buffets, the Gates, the Soros and the other billionaires giving the thumbs up to higher investment income taxes. And yes, they all have an angle.

The only thing that is clear, is that if guys like Buffet, Gates and Soros make it harder for people to become "rich like them," they are in effect creating a permanent ruling class in the United States that will be able to sit back for generations and pull the strings of presidents and congressmen.

If the government starts grabbing 35% of Capital Gains, interest and investment income, it will be nearly impossible for people to become fabulously rich like Buffet. Think about it. These class warriors for decades sat back and paid 15% on Capital Gains amassing fortunes. Now they want to put down a 35% barrier to anyone else attempting to cross the line.Not to mention that investors won't want to put thier money on the line if they have to pay higher Capital Gains taxes.

Yes, sir. That 35% barrier will sure serve to keep the ruling class the ruling class. No need for any newly rich types trying to join the club. That is my take on this fiasco!

Welcome to European style Socialism!

ARay11
04-11-2012, 03:53 PM
It is interesting to watch Obama and friends support with the Buffett rule, the class warfare and the "make the rich pay". I get why Obama is doing it; by dividing the people, he can attempt to control the people.

But what is the angle of the Buffets, the Gates, the Soros and the other billionaires giving the thumbs up to higher investment income taxes. And yes, they all have an angle.

The only thing that is clear, is that if guys like Buffet, Gates and Soros make it harder for people to become "rich like them," they are in effect creating a permanent ruling class in the United States that will be able to sit back for generations and pull the strings of presidents and congressmen.

If the government starts grabbing 35% of Capital Gains, interest and investment income, it will be nearly impossible for people to become fabulously rich like Buffet. Think about it. These class warriors for decades sat back and paid 15% on Capital Gains amassing fortunes. Now they want to put down a 35% barrier to anyone else attempting to cross the line.Not to mention that investors won't want to put thier money on the line if they have to pay higher Capital Gains taxes.

Yes, sir. That 35% barrier will sure serve to keep the ruling class the ruling class. No need for any newly rich types trying to join the club. That is my take on this fiasco!

Welcome to European style Socialism!

:barf:
oops. usually BHO just makes me queasy.

luvmylabs23139
04-11-2012, 04:53 PM
It would be nterestng to know what these guys pay themselves in actual salary! They could pay a higher rate just by paying themselves that way.

Gerry Clinchy
04-11-2012, 09:40 PM
Figures I heard today: the tax on the rich that Obama proposes would take 3000 years to pay off the deficit. Basically, that means that this would be a very small part of fixing things ... unless we quit a whole lot of spending as well.

The fact that they are making such a big deal about that and ignoring how much more has to be done to fix things is very close to lying about the real problem.