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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on October 02, 2008, 10:52:53 AM
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Last night Warren Buffet was on the Charlie Rose show on PBS, for the full hour. He is one of the richest men in the world, his estimated net worth is $62 Billion dollars, and his company Berkshire Hathaway is worth $273 Billion dollars. The Company averaged an annual return in excess of 21% to its shareholders for the last 42 years.
He is one of the smartest men in the investment business, guys who work for the Fed call him for advice, and people have even paid $2 million dollars just to have lunch with him to get financial advice. I watched the entire hour and he said some very interesting things.
1) He said the federal tax rate on the wealthy is too low. He also said that right now he pays a lower percent in taxes than the woman who emptys the garbage can in his office, and that his secretary pays a higher percent of her income in taxes than he does. And he called that ridiculous.
2) One other point he made is that there will be a 400 to 500 Billion dollar deficit this year in America. He said who is going to pay it, the taxpayers of course. Then he said who should pay it, the wealthy, who can afford it, or the lower and middle class taxpayers who can not afford it. He said the wealthy should pay it, because they can, and they should.
3) He said the Capitol Gains tax should be raised from 15 percent to at least 25 percent. He told Charlie Rose that 15 percent is too low, and that 25 percent is just about right. Charlie said Obama wants to raise it to 25 percent, and Warren Buffet said he agrees with that rate.
4) He agrees with the $1,000 Obama stimulus plan. He thinks it is a good idea, and the $1,000 stimulus should only go to the lower and middle class. Basically he agreed with everything Obama wants to do.
5) And he agrees that the bottom 95% of taxpayers should get a tax cut, which is excatly what Obama plans to do if he wins.
Warrent Buffet basically agrees with the entire Obama economic plan.
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WTF does he know, hes only the richest man in the world right Coach??? LOL
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62 billion...i get sick thinking about it
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Last night Warren Buffet was on the Charlie Rose show on PBS, for the full hour. He is one of the richest men in the world, his estimated net worth is $62 Billion dollars, and his company Berkshire Hathaway is worth $273 Billion dollars. The Company averaged an annual return in excess of 21% to its shareholders for the last 42 years.
He is one of the smartest men in the investment business, guys who work for the Fed call him for advice, and people have even paid $2 million dollars just to have lunch with him to get financial advice. I watched the entire hour and he said some very interesting things.
1) He said the federal tax rate on the wealthy is too low. He also said that right now he pays a lower percent in taxes than the woman who emptys the garbage can in his office, and that his secretary pays a higher percent of her income in taxes than he does. And he called that ridiculous.
2) One other point he made is that there will be a 400 to 500 Billion dollar deficit this year in America. He said who is going to pay it, the taxpayers of course. Then he said who should pay it, the wealthy, who can afford it, or the lower and middle class taxpayers who can not afford it. He said the wealthy should pay it, because they can, and they should.
3) He said the Capitol Gains tax should be raised from 15 percent to at least 25 percent. He told Charlie Rose that 15 percent is too low, and that 25 percent is just about right. Charlie said Obama wants to raise it to 25 percent, and Warren Buffet said he agrees with that rate.
4) He agrees with the $1,000 Obama stimulus plan. He thinks it is a good idea, and the $1,000 stimulus should only go to the lower and middle class. Basically he agreed with everything Obama wants to do.
5) And he agrees that the bottom 95% of taxpayers should get a tax cut, which is excatly what Obama plans to do if he wins.
Warrent Buffet basically agrees with the entire Obama economic plan.
So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation.Again,Obama votes to tax those making 42,000 a year pay more taxes 6 times.He is going to raise EVERYONES taxes,not just those making 250,000 a year.
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So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation.
Can you list them, or prove your statement in any way?
'hundreds of millionaires or billionaires'.. that is a HUGE number. What article did you get that estimation from?
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So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation.Again,Obama votes to tax those making 42,000 a year pay more taxes 6 times.He is going to raise EVERYONES taxes,not just those making 250,000 a year.
We are already Bankrupt... Incase you didn't notice...
Warrn Buffet is THE most successful investor/ Market individual in the history of this country hence why he is worth close to 100 billion... McCain always refers to him, until now since he said Obamas is better...
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Can you list them, or prove your statement in any way?
'hundreds of millionaires or billionaires'.. that is a HUGE number. What article did you get that estimation from?
Well,since you only named ONE guy that supports Obamas plan I will name a couple who think he sucks.Donald Trump,Jack Welch,Rush Limbaugh[highest paid man in the media].Now,you have challenged me before with this type of stupidity[still claiming Palins interview with Charlie Gibson wasnt edited?].You name a couple of things that Obama proposes and say Buffet is on board with his entire plan.Think he would support the government taking over the medical system?Think he would support banks being encouraged to give loans to scum who cant pay them back like Obama and ACORN advocates?Think he supports the massive government programs Obama wants?Think he supports raising taxes on people making 46,000 a year good?
You take two items and then say "he supports everything Obama does".How silly.
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So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation.Again,Obama votes to tax those making 42,000 a year pay more taxes 6 times.He is going to raise EVERYONES taxes,not just those making 250,000 a year.
WHere do you get your facts? The only people geting their taxes raised under his plan are those making over 250k a year... and that goes from 33 to 36% FACT
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So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation....
You mean like our current state of economic bankruptcy brought to you by the Bush econ team....which is the McCain econ team.
I got news for you tax hounds out there...taxes do not rule the performance of our economy. They don't.
The fed has the real control for affecting the business cycle.
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You mean like our current state of economic bankruptcy brought to you by the Bush econ team....which is the McCain econ team.
I got news for you tax hounds out there...taxes do not rule the performance of our economy. They don't.
The fed has the real control for affecting the business cycle.
Our nation is far from bankrupt. I still see a lot of people carrying LCDs out of Walmart, driving in cars with temp plates and moving into new houses....the basics of our economy are fine and that is why people are so against the bailout. Everyday Joe isn't seeing the crisis.
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WHere do you get your facts? The only people geting their taxes raised under his plan are those making over 250k a year... and that goes from 33 to 36% FACT
Obama has already said he might have to re look at the situation.He has voted to raise taxes on those making 46,000 a year in the senate.You are fooling yourself if you believe his silly talk.He will raise EVERYONES taxes.
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Our nation is far from bankrupt. I still see a lot of people carrying LCDs out of Walmart, driving in cars with temp plates and moving into new houses....the basics of our economy are fine and that is why people are so against the bailout. Everyday Joe isn't seeing the crisis.
'bankrupt' is easier to type than '9+ trillion dollar debt'.
Everyday joes will see the crisis when the recession hits full tilt and the gas lines increase and they lose those mortgaged homes b/c the deals were of a predatory nature from the start.
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Obama has already said he might have to re look at the situation.He has voted to raise taxes on those making 46,000 a year in the senate.You are fooling yourself if you believe his silly talk.He will raise EVERYONES taxes.
Even if that's true, relax. It's a fucking tax. He's not coming to take your rights or body parts.
Taxes happen. At least they do in a responsibly run government and not some republican fiasco wet dream where there's quarterly tax cuts to uhhhh stimulate the economy, ya know.
We got bills to pay folks!
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Buffet personally has a lot to gain if Obama wins the white house. Look at where he is dumping his money. He invested heavily $5 billion in Goldman Sachs and 3 billion in GE.
Goldman Sachs will be run by the goverment which has equity in the company and he can use his political connecitons to influence the company without putting more money into it that he already has.
GE stood to be the biggst beneficiary of the green movement as they were poised to be the only company who could respond to the need. Bush didnt back any legislation so their stock went to the crapper. With the possibility of a Dem president who would back green legislation Buffet and GE stand to make a fortune
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'bankrupt' is easier to type than '9+ trillion dollar debt'.
I think we're up to $10,000,000,000,000 now...
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Wow... he believes in the corporate bail out plan.
Excuse me while I sit down... the shock is too much.
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Last night Warren Buffet was on the Charlie Rose show on PBS, for the full hour. He is one of the richest men in the world, his estimated net worth is $62 Billion dollars, and his company Berkshire Hathaway is worth $273 Billion dollars. The Company averaged an annual return in excess of 21% to its shareholders for the last 42 years.
Buffet? Listening to those statements I think Coach would tell us he's a lazy liberal. LMAO.
BTW, just to let you know how amazing that 21% gain year after year is, if you gave him $10 42 years ago and NEVER added any more money to it, that inital investment would now be worth $30,000!!
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Even if that's true, relax. It's a fucking tax. He's not coming to take your rights or body parts.
Taxes happen. At least they do in a responsibly run government and not some republican fiasco wet dream where there's quarterly tax cuts to uhhhh stimulate the economy, ya know.
We got bills to pay folks!
now this i can agree with and actually like ive said before doesnt matter which one gets in they will raise taxes maybe not for 2 yrs of so but taxes will get raised. You are however wrong about the rights decker obama will undoubtedly try and take away gun rights and this is for certain.
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Well,since you only named ONE guy that supports Obamas plan I will name a couple who think he sucks.Donald Trump,Jack Welch,Rush Limbaugh[highest paid man in the media].Now,you have challenged me before with this type of stupidity[still claiming Palins interview with Charlie Gibson wasnt edited?].You name a couple of things that Obama proposes and say Buffet is on board with his entire plan.Think he would support the government taking over the medical system?Think he would support banks being encouraged to give loans to scum who cant pay them back like Obama and ACORN advocates?Think he supports the massive government programs Obama wants?Think he supports raising taxes on people making 46,000 a year good?
You take two items and then say "he supports everything Obama does".How silly.
Warren Buffett has more than Donald, Jack and Rush combined times 10... Donald has been bankrupt several times (yes he still knows what he is doing, but not like Buffett), Rush is NOT the Highest Paid person in Media, that would be OPRAH WINFREY
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Obama has already said he might have to re look at the situation.He has voted to raise taxes on those making 46,000 a year in the senate.You are fooling yourself if you believe his silly talk.He will raise EVERYONES taxes.
Do you know how Bills work in Congress... ??? OBVIOUSLY NOT... EXAMPLE
BILL 101
75 Billion to Fund the troops
50 million to Educate Kids
100 million twards renewable energy
20 million for Cancer Research
Raise taxes on people who make 46-56,000 a year
10 million to help homeless
50 million for military vets
Now Say Senator Obama votes YES on this BILL (you cant vote on 1 of them you vote on the WHOLE package).... people say "OMG YOU VOTED TO RAISE TAXES ON MIDDLE CLASS YOU FUCKING LIAR!!!!!!!!!!!!!!!!!!!!!!!
Now Say Senator Obama votes NO on this Bill people say "OMG YOU VOTED AGAISNT TROOPS, CANCER RESEARCH, HELPING HOMELESS, FUNDING FOR VETS AND TO EDUCATE KIDS!!!! YOU ARE SKUM!!!!!!!!!!
No matter what way you vote you will get Hammered, sometimes senators just DONT VOTE and they cant get greased for their choice...
Do you need another Gov Lecture in 4th grade terms let me know...
Have a nice day ;D
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Do you know how Bills work in Congress... ??? OBVIOUSLY NOT... EXAMPLE
BILL 101
75 Billion to Fund the troops
50 million to Educate Kids
100 million twards renewable energy
20 million for Cancer Research
Raise taxes on people who make 46-56,000 a year
10 million to help homeless
50 million for military vets
Now Say Senator Obama votes YES on this BILL (you cant vote on 1 of them you vote on the WHOLE package).... people say "OMG YOU VOTED TO RAISE TAXES ON MIDDLE CLASS YOU FUCKING LIAR!!!!!!!!!!!!!!!!!!!!!!!
Now Say Senator Obama votes NO on this Bill people say "OMG YOU VOTED AGAISNT TROOPS, CANCER RESEARCH, HELPING HOMELESS, FUNDING FOR VETS AND TO EDUCATE KIDS!!!! YOU ARE SKUM!!!!!!!!!!
No matter what way you vote you will get Hammered, sometimes senators just DONT VOTE and they cant get greased for their choice...
Do you need another Gov Lecture in 4th grade terms let me know...
Have a nice day ;D
The worst invention was allowing riders on bills.
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So what?There are hundreads of other millionaires and billionaires that think Obamas plan will bankrupt the nation.Again,Obama votes to tax those making 42,000 a year pay more taxes 6 times.He is going to raise EVERYONES taxes,not just those making 250,000 a year.
name one
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Our nation is far from bankrupt. I still see a lot of people carrying LCDs out of Walmart, driving in cars with temp plates and moving into new houses....the basics of our economy are fine and that is why people are so against the bailout. Everyday Joe isn't seeing the crisis.
The United States Corporation filed liquidation Bankruptcy on March 10th, 1933
On June 5th 1933 HJR 192 stated that Americans can no longer "Pay" their debts, they can "Discharge" them with legal tender (Federal Reserve Notes).
We are bankrupt, we have no money which with to pay our debts, we can only discharge them.
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Buffet personally has a lot to gain if Obama wins the white house. Look at where he is dumping his money. He invested heavily $5 billion in Goldman Sachs and 3 billion in GE.
Goldman Sachs will be run by the goverment which has equity in the company and he can use his political connecitons to influence the company without putting more money into it that he already has.
GE stood to be the biggst beneficiary of the green movement as they were poised to be the only company who could respond to the need. Bush didnt back any legislation so their stock went to the crapper. With the possibility of a Dem president who would back green legislation Buffet and GE stand to make a fortune
BINGO !!
Finally, someone that gets it. The rich that vote democrat care NOTHING about the average American's Freedom.
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Well,since you only named ONE guy that supports Obamas plan I will name a couple who think he sucks.Donald Trump,Jack Welch,Rush Limbaugh[highest paid man in the media].Now,you have challenged me before with this type of stupidity
Since I challenged you before to this type of Stupidity... Do us all a Favor an STFU!!!!!!!!
Oprah Winfrey: 280 million. PWNED
Howard Stern: 100 Million PWNED
Rush Limbaugh: 35 million
David Letterman: 31.5 Million
Jay leno: 20 Million
Ellen Degeneres: 15 Million
Katie Couric: 15 Million
Dan Rather: 10 Million
Bill O'Reilly: 9 Million
Keith Olberman: 4 Million (and his ratings beat O'reilly by 20 points in the same time slot)
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Since I challenged you before to this type of Stupidity... Do us all a Favor an STFU!!!!!!!!
Oprah Winfrey: 280 million. PWNED
Howard Stern: 100 Million PWNED
Rush Limbaugh: 35 million
Oh Ish!
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Since I challenged you before to this type of Stupidity... Do us all a Favor an STFU!!!!!!!!
Oprah Winfrey: 280 million. PWNED
Howard Stern: 100 Million PWNED
Rush Limbaugh: 35 million
David Letterman: 31.5 Million
Jay leno: 20 Million
Ellen Degeneres: 15 Million
Katie Couric: 15 Million
Dan Rather: 10 Million
Bill O'Reilly: 9 Million
Keith Olberman: 4 Million (and his ratings beat O'reilly by 20 points in the same time slot)
I would lick Katie Couric all night long.
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who cares what 'warren buffet' thinks, i mean they have sarah palin and she is smarter than him.
-Coach
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who cares what 'warren buffet' thinks, i mean they have sarah palin and she is smarter than him.
-Coach
please tell me he didnt say that
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Since I challenged you before to this type of Stupidity... Do us all a Favor an STFU!!!!!!!!
Oprah Winfrey: 280 million. PWNED
Howard Stern: 100 Million PWNED
Rush Limbaugh: 35 million
David Letterman: 31.5 Million
Jay leno: 20 Million
Ellen Degeneres: 15 Million
Katie Couric: 15 Million
Dan Rather: 10 Million
Bill O'Reilly: 9 Million
Keith Olberman: 4 Million (and his ratings beat O'reilly by 20 points in the same time slot)
Rush Limbaugh just signed a contract worth 250 million dollars.Keith Olberman gets higher ratings then Oreilly?Ummm,that is the single dumbest thing EVER POSTED in the history of the internet.Congrats.He beat him one week and that week the show was hosted by Laura Ingrham.Oreilly has beaten that fools ass week in and week out,year in and year out.Olberman has been a failure at everything he has touched and continues to be just that.
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I think here's something we can all agree on. It's a fair and balanced look at Rush. You can't expect fairness from the libs so we need analysis like this:
&feature=related
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Sorry,I made a mistake.Rush signed a deal for 400 million plus a 100 million dollar bonus.Apparently MANY people must like him.
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Busted, Great example of what is wrong with our Government. They should never vote on a bill that has 6-8 different components and pork...its f'n ridiculous and causes all the bullshit spin, on both sides, about what the opponent did or didn't vote for.
Vote for one measure at a time and don't make bills 400 pages long...most of the senators and house members have interns read them anyway. Government is broken, don't give it more of our $ or more power.
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"He said the Capitol Gains tax should be raised from 15 percent to at least 25 percent. He told Charlie Rose that 15 percent is too low, and that 25 percent is just about right. Charlie said Obama wants to raise it to 25 percent, and Warren Buffet said he agrees with that rate."
Wow, many economists will disagree on this point. It is farily well studied that dropping capital gains taxes promotes growth and typically increases income from businesses to the government.
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This is so simple and logical but few get it....
We don't need to raise taxes on people making more than $250K per year...we need them to pay the taxes they owe. If Warren Buffet pays less taxes than his cleaner then there are too many loopholes! The system itself doesn't work. Its the millionairs who typically find their way out of paying the stated taxes anyway. Liberals should work on this, not increasing percentages.
Also, many people who ultimately make good $ have not always done so...delayed gratification by many yrs of schooling. Is it fair to rape them with excessive taxation after they sacrificed for years in school & training not making $?
Some of you guys are stuck on income tax only. My main concern with Obama is that many aspects of taxation will increase because he believes in big gov solutions and programs. Its not just income tax!