If top 5% paid 40% of taxes, what is their 'fair' share?

[2tall]

And here is a very timely commentary by one of the icons of industry.

nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?hp


uh oh. Looks like the link did not work. Take a look at today's NYT. This is Warren Buffet's editorial.

[mngundog]

And here is a very timely commentary by one of the icons of industry.

nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?hp


uh oh. Looks like the link did not work. Take a look at today's NYT. This is Warren Buffet's editorial.

http://www.nytimes.com/2011/08/15/op...uper-rich.html

[duckheads]

Buffet can kiss my dainty white buns! Berkshire purchased the holding company that owns the manufacturer of the products I sell and they have done nothing but cut employees, services, and raises prices since the purchase. A few months ago they raised the price for anything under $3 to $3. So an o-ring that was $.50 is now $3. Easy for someone to live on the backs of the little guy!

[huntinman]

Buffet can kiss my dainty white buns! Berkshire purchased the holding company that owns the manufacturer of the products I sell and they have done nothing but cut employees, services, and raises prices since the purchase. A few months ago they raised the price for anything under $3 to $3. So an o-ring that was $.50 is now $3. Easy for someone to live on the backs of the little guy!

Sounds like what the libs accused Bain of doing?? (not that there's anything wrong with that)

[2tall]

Ummmm.... That's what today's "titans of industry" do. At least Buffet is willing to put something back.

[mngundog]

Sounds like what the libs accused Bain of doing?? (not that there's anything wrong with that)

What are your thoughts on the content of the article?

[HPL]

The real question here, and I think I have heard it asked once or twice before is; Can we tax our way out of this? If we raised the rates on the uber-wealthy to say a confiscatory 80% or so, would that make any difference? What if we backed that up by raising the rate on the top 50% to, say 50%? Would that get us out of this hole?

[cotts135]

Seems a bit of a non sequitur to me. Also, one really can't compare folks who work in the private sector with govt workers.

Not exactly sure how you are comparing them but I assume your premise is that private sector workers are somehow better and more worthy than Govt workers. Your know of course that our soldiers are Govt workers..............

[2tall]

Read the entire first editorial (today's). We are not going to "get out" of the debt. Just manage it. Last two paragraphs.

[road kill]

The real question here, and I think I have heard it asked once or twice before is; Can we tax our way out of this? If we raised the rates on the uber-wealthy to say a confiscatory 80% or so, would that make any difference? What if we backed that up by raising the rate on the top 50% to, say 50%? Would that get us out of this hole?

You did:

So Buzz, if/when YOU take 100% of the wealth the top 10% have, what would it solve?
Would it balance the budget?
Would it pay off the debt?
Would it pay to run the Federal Gov't?
If so, for how long??

Just askin'..............

But of course, it remains unanswered as the answer destroys the whole argument.
I'll bet if someone wanted to, they could find a chart to answer every one of these questions.