Finance Information? Blog Archive ? Warren Buffet On Why US ...
@ttiiyy Now, I am a libertarian, as you can probably tell from the apolitical tactics I have outlined thus far, but there are certainly a few reformist ones I would consider productive. I am sure you are familiar with the Federal Reserve and efforts of politicians like Kucinich, Paul, and Sanders to abolish it. This central bank contributes greatly to the accumulation of capital in the hands of the elite. It?s a valve that needs to be turned off.
Google ?Benjamin Tucker four monopolies?
@ttiiyy Even without secession, a well-organized workforce can occupy various properties and refuse to recognize the property rights. Of course, the capitalists and the government are not going to like this and will certainly use force to change that. If the workers can remain non-violent for long enough, more and more people will sympathize. These things might all be easier in the coming years when the government can no longer afford defense and security for their protected interests.
@ttiiyy That?s a good question. There are many things that can be done, some less savory than others. For instance, there is violent insurrection, to highlight one extreme, but it can be very unpredicable and often lead to disaster. Another might be secession. If successful, the secessionists could fortify their control over their resources and simply refuse to recognize the property claims of the usurers. This course is highly unpopular, especially for the Left, for some odd reason.
@ttiiyy which one of your favorite republican candidates refuses to cash their government paycheck? since they are against government spending?.
or are you a massive hypocrite?
@lamrof I will have a much easier time supporting high taxes if our government can spend the money more responsibly. I read in newspapers that our government sends Israel and Palestine trillions of dollars every year. So does that our government can spend the money in any way that it wants? My point is even if we tax the rich to the full extent, if our gov?t does not behave itself, the gov?t will never have enough money to spend. That?s just the way it is.
@lamrof A lot of Americans are all upset about what?s going in the country. I wish I could agree with you 100%, but I can?t. First of all, how do we define unfair benefits that the rich enjoy? Look at the CEO of GE. GE has not been paying federal income taxes, and Obama is still in bed with them. Secondly, to be fair, rich Americans do pay taxes. It?s not as if the rich were not paying any taxes at all. I read in USA today that they contribute to at least 40% of the nation?s GPA.
@voltairinedecleyre66 I agree with you. However, can you be more specific about how working people can take back the ill-gotten gain without the aid of the government?
I will have an easier time believing Buffet if he?s willing to write fat checks to the government (since he believes that he?s not being taxed enough). Will he ever do that? Of course not.
It doesn?t make sense to charge people different rates for the same services. So let?s use not a progressive tax, not a flat tax, but an equal direct tax. No rates, everyone pays the exact same amount.
Now, I know what you are thinking. A tax scheme like that is regressive and favors the rich, but this is where the working people come in. Organize and take back the ill-gotten gain without the aid of the government. Stop taxing the rich and start reclaiming what is yours.
The truth is that until we have some major stimulus to the economy..like the internet in the 90s?major world wars (horrible option)..or some strange fad craze that makes people want to spend money then we are going to need more Gov?t spending. It is not this great evil everyone makes it out to be.
capitalist economies run on how fast dollars exchange hands. Money moves in 2 ways essentially 1. Consumer spending 2. Gov?t Spending. Consumer confidence is shot?so people are more apt to save instead of spend. In that case the Gov?t MUST SPEND MONEY. Money is the blood of capitalism?currently the blood is flowing too slowly.
Why is the answer always ?higher taxes?? Why is ?slashing Gov?t spending? never an option on the table? It should be, the Gov?t does more than it was ever Constitutionally allowed to do.
Why is Warren Buffett an anomaly in the rich end of the social spectrum? I understand wanting to keep as much of your money as possible, but why can?t the super rich just say ?hmm, you know, I pay less in taxes than anyone who works for me. This isn?t right.?
Here?s the sad truth. If we tax the rich more the Govt. will simply spend at a higher rate on bullshit. Sorry?it will not make a bit of difference
Let the rich get unfair benefits and bare the bones on those who are making less. Am I the only one who is infuriated?
@perrycm1 Are you stupid? we need to raise the money to meet government spending. It?s not science, its not feelings. It?s a simple question of who we tax to meet these demands. The very rich or the very poor.
@perrycm1 ?The? popularity of demonizing the rich and increasing income tax is not science, its feelings?
But you just heard warren buffet say that the amount of tax he pays is an unfair contribution in comparison with the rest of the country
its not about demonizing the rich bro, if you disagree with raising income tax then suggest another solution instead of using the oppertunity to just slander your opposition
If you?re seriously gentlemen why don?t you put together a group to fight the Koch Brothers?s Teabaggers ? it?ll only cost you a few million that?s pennies to you guys and you?ll be sticking it to the competition. although I don?t think Warren Buffet is in Oil or Bill Gates?.?
berkshire has owed the IRS a billion for over 10 years?why not just pay up warren???
CLASS WARFAREEE!!!!!!!!!!!!!!!!!!111111eleven11
SOCIALISTTSSS!!!!!!!!!!1111111one1111
@perrycm1 2?Customer service used to be a path to AM and AM a path to AD; however, as outsourcing partners have been able to increase knowledge acquisition/knowledge transfer (KA/KT), this path appears to be weakening with a higher percentage of AD being down by third-parties. Customer Service/AS roles typically paid $68K-120K, AD > $100K, with a median of $150K. The pressure in restructuring was to eliminate domestic AD work. [This is typical Insurance operation and is for example only.]
@perrycm1 1?That is a tough question outside of high-tech itself. In insurance, for example, customer service is typically part of the sales organization; IT is typically comprised of application design/maintenance, program/project management, quality assurance and application support. AD typically remains domestic, AM and AS are usually merged and outsourced 30/70, 70-80% of QA is typically merged with AS and outsourced. PM varies widely, but typically 60% if outsourced.
@perrycm1 3?As late as the mid-90s, top software designers could be as much as 100x as productive as thier peers. As the state of the art for producing IT has improved, this gap has also closed (but still exists). When students ask me about becoming an IT professional, I ask if they think they can reach and stay in the top 20% of the field. If not, they need to consider their long-term prospects: IT ?also rans? face constant outsourcing and wage pressure?if they can get a job at all.
@perrycm1 2?As big a concern as wage differential is, a larger concern a big decrease in critical thinking skills in the US workforce. Historically, Chinese workers were unable to keep up with the rate of innovation of their US peers. This innovation gap is closing: US educated IT professionals, on average, are no more innovative than their counterparts. Why? A big factor is decades of passive, conformist propaganda; US IT professionals now seem to have much less intellectual curiosity.
Source: http://www.oxfordgargoyles.com/warren-buffet-on-why-us-taxes-are-too-low-for-the-wealthy.html
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