The "Buffett Rule" charade

The "Buffett Rule" charade

There are 17 comments on the socialistworker.org story from Apr 17, 2012, titled The "Buffett Rule" charade. In it, socialistworker.org reports that:

WITH TAX Day approaching and the Republican Party seemingly settled on nominating a super-rich parasite as its presidential candidate, Barack Obama gave us a taste of the coming general election campaign this month with a lot of talk about making the tax system fairer so the rich "pay their share." Specifically, Obama and the Democrats are pushing ... (more)

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“It's a Brand New Day”

Since: Feb 06

New Rochelle

#1 Apr 17, 2012
Mr_Bill sees many foolish people calling each other Socialis, Cmmunist, general red-baiting. Here is the REAL THING.

Read what the extreme edge, the tea-baggers of the far left, think.

You have permission to call the author of this article by his affiliation; which you think is devilish, and Mr_Bill thinks is as simplistic as those who plan to vote for Romney after opposing him in the primary elections.

You rube you. You are no different than him.

Since: May 11

Location hidden

#2 Apr 17, 2012
As industrialized countries go, the US has a fairly low and fairly stable marginal tax rate. Interestingly, though, we aren't that much lower than many of the countries we seem to fear because of their more socialistic approach. Other than Sweden and Denmark that are on the high side, most other "socialist" countries don't pay that much more in income tax than we do.

Compared to what those countries get for their dollars, we get a mish-mash of services that are poorly run and bureaucratically heavy. Is it any wonder the services we do have cost us dearly?

Were we to stop war spending and get a proper handle on our social spending without detriment to our society, we'd be in good shape. Other countries do it. Whay can't we?

Since: Feb 07

Location hidden

#3 Apr 17, 2012
At least the WH pays a fair tax rate.
He would not exploit an issue without a personal investment.
To make an internationally picked up statement about the dead 'boy' who could have been his son.

“i hope we can change this!”

Since: Aug 08

usa

#5 Apr 17, 2012
Mr_Bill wrote:
Mr_Bill sees many foolish people calling each other Socialis, Cmmunist, general red-baiting. Here is the REAL THING.
Read what the extreme edge, the tea-baggers of the far left, think.
You have permission to call the author of this article by his affiliation; which you think is devilish, and Mr_Bill thinks is as simplistic as those who plan to vote for Romney after opposing him in the primary elections.
You rube you. You are no different than him.
what DO you put in your coffee in the morning?

feel free to switch whatever it is with a few 100 cc's of thorazine...
it'll make us ALL feel better.

“Voters elect Big Bird”

Since: Jan 07

Dump American Eagle

#6 Apr 17, 2012
carey529 wrote:
<quoted text>
what DO you put in your coffee in the morning?
feel free to switch whatever it is with a few 100 cc's of thorazine...
it'll make us ALL feel better.
You will,of course,note the source of his story. THAT says all you need to know......
S-N-A-F-U

Chandler, AZ

#7 Apr 17, 2012
DEMOCRATS DO NOT KNOW HOW TO GROW THE ECONOMY. In order to balance the budget cutbacks in spending will not be enough. In fact too drastic spending cuts could cause the economy to go into as tailspin. We need economic growth. Remember Ronald Reagan & Art Laffer and Supply side Economics? THINK GROWTH! THINK GROWTH!

The Buffett rule would kill the economy. It is a way for Obama to raise the Capital Gains tax from 15% to 30%. That kind of a raise will stifle investment and kill the economic activity, the business start ups and expansion and the investment in such. And any other raise in taxes will have a detrimental effect on the economy. What Democrats simply ignore is that the little guy makes investments too for his retirement. Many, many ordinary people have IRAs, 401Ks, and mutual fund investments that they put money into for retirement. Doubling the tax on these investments HURTS THE LITTLE GUY AS WELL.

First the President says that the Buffett rule will help balance the budget and reduce the debt. When pointed out to him that the taxes from the Buffett rule will only pay for 7 days of federal spending, he then switches to - well it's all about fairness. Then its back to reducing the debt, now it's back to fairness again. Like half the population paying no federal income taxes at all...It's all about reaching into other peoples pockets who have earned it and giving to those who haven't. A Resurrection of Bolshevik class envy which ushered in 70 years of misery under a socialist Oligarchy.

Obama's "bottom up economics" doesn't work and his rhetoric is simple class warfare election sloganeering. Wise Up!!
Ron Paul 2012

United States

#8 Apr 17, 2012
Alex Jones condemns and denounces the "Buffett Rule"!: http://www.youtube.com/watch...
Wall Street Government

Sebastian, FL

#9 Apr 17, 2012
okimar wrote:
<quoted text>You will,of course,note the source of his story. THAT says all you need to know......
It is for a teabagger, they only digest teabagger talking points and soundbites.
Anything larger, they have to get the kids on the "short bus" to explain.
You just proved it.

“Voters elect Big Bird”

Since: Jan 07

Dump American Eagle

#10 Apr 17, 2012
Wall Street Government wrote:
<quoted text> It is for a teabagger, they only digest teabagger talking points and soundbites.
Anything larger, they have to get the kids on the "short bus" to explain.
You just proved it.
Ummmmm,you're the only "short bus" person I know..... that speaks volumes. m a y b e i f I t y p p e s l l o w e r ......
cjrian

United States

#13 Apr 17, 2012
PayThat CEO wrote:
As industrialized countries go, the US has a fairly low and fairly stable marginal tax rate...
Hold it, right there'

Currently, the US has the HIGHEST business tax rate in the OECD
We have nearly the highest personal tax rate

And we have debt, and deficits, equivalent to nearly the rest of the world - combined

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#14 Apr 18, 2012
S-N-A-F-U wrote:
DEMOCRATS DO NOT KNOW HOW TO GROW THE ECONOMY. In order to balance the budget cutbacks in spending will not be enough. In fact too drastic spending cuts could cause the economy to go into as tailspin. We need economic growth. Remember Ronald Reagan & Art Laffer and Supply side Economics? THINK GROWTH! THINK GROWTH!
The Buffett rule would kill the economy. It is a way for Obama to raise the Capital Gains tax from 15% to 30%. That kind of a raise will stifle investment and kill the economic activity, the business start ups and expansion and the investment in such. And any other raise in taxes will have a detrimental effect on the economy. What Democrats simply ignore is that the little guy makes investments too for his retirement. Many, many ordinary people have IRAs, 401Ks, and mutual fund investments that they put money into for retirement. Doubling the tax on these investments HURTS THE LITTLE GUY AS WELL.
First the President says that the Buffett rule will help balance the budget and reduce the debt. When pointed out to him that the taxes from the Buffett rule will only pay for 7 days of federal spending, he then switches to - well it's all about fairness. Then its back to reducing the debt, now it's back to fairness again. Like half the population paying no federal income taxes at all...It's all about reaching into other peoples pockets who have earned it and giving to those who haven't. A Resurrection of Bolshevik class envy which ushered in 70 years of misery under a socialist Oligarchy.
Obama's "bottom up economics" doesn't work and his rhetoric is simple class warfare election sloganeering. Wise Up!!
Stifle investment?
What investment?

The trickle-down economics have murdered our economy.
The "tax savings" have all trickled out to India and Singapore and Hong Kong.

Here's a BIG hint for you:

BIG MONEY IS NOT PATRIOTIC.

Since: Feb 07

Location hidden

#16 Apr 18, 2012
dont snow me wrote:
<quoted text>Because BO and the dems are hell bent on bankrupting us with trillion dollar plus deficits.
the Buffett Ruse was named for a reason.

Since: Sep 08

Neon City Oh.

#17 Apr 18, 2012
The top tier tax rate and the corporate tax rate should be tied to the unemployment rate.
Start with a base of about 6%.
If it is higher their taxes go up, if it is lower their taxes go down.

Then the job creators will have to put up or shut up.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#18 Apr 18, 2012
WDRussell wrote:
The top tier tax rate and the corporate tax rate should be tied to the unemployment rate.
Start with a base of about 6%.
If it is higher their taxes go up, if it is lower their taxes go down.
Then the job creators will have to put up or shut up.
Interesting, but BIG MONEY won't bite, and they control the Congress.
cjrian

United States

#19 Apr 18, 2012
Mr_Bill wrote:
Stifle investment?
What investment?
The trickle-down economics have murdered our economy.
The "tax savings" have all trickled out to India and Singapore and Hong Kong.
Here's a BIG hint for you:
BIG MONEY IS NOT PATRIOTIC.
Ya got one thing right
"BIG MONEY IS NOT PATRIOTIC" - it goes where it'll make a profit

Trickle-down government inhibits investment

Tax rates should be ONLY enough for essential government
Not overly complex drivers for inane policies

Regulations should clear and have a sound, rational basis
Not to "save" anything at any and all costs

Cash is fungible
When governmental policies drive investment overseas
and prevents it from returning
it's not business that's at fault,
excessive, intrusive, overbearing government is
keep it real

Albuquerque, NM

#20 Apr 18, 2012
the 5 billion this tax would garnish will pay 1 days interest on obamas defecit
.
meanwhile most of these rich folks own businesses and will just lay off employees or hold off hiring to make up for additional taxes.
.
employment losses will far outstrip the 5 billion these business people would probably sink back into making business better and putting more people to work.
.
lib dems, ya gotta love their thought processes
Sheik Yerbouti

Lambertville, NJ

#21 Apr 18, 2012
PayThat CEO wrote:
As industrialized countries go, the US has a fairly low and fairly stable marginal tax rate. Interestingly, though, we aren't that much lower than many of the countries we seem to fear because of their more socialistic approach. Other than Sweden and Denmark that are on the high side, most other "socialist" countries don't pay that much more in income tax than we do.
Compared to what those countries get for their dollars, we get a mish-mash of services that are poorly run and bureaucratically heavy. Is it any wonder the services we do have cost us dearly?
Were we to stop war spending and get a proper handle on our social spending without detriment to our society, we'd be in good shape. Other countries do it. Whay can't we?
The reason we get so little in return for out tax dollars is that our government starts ward for no reason, invests billions developing new ways to slaughter other human beings and wasteful military spending. Most European nations learned their lesson decades ago and don't waste money on unnecessary military spending. obama is just as guilty as any other president when it comes to wasting money on the military. At one time Germany had a choice between 'guns and butter.' They chose guns and we all know how well that worked out!

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