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News & Current Events Discuss I should pay more tax, says US billionaire Warren Buffett at the General Forum; Originally Posted by foundit66 Your first sentence ignores something incredibly unequal about the second sentence. All men may be CREATED ...

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Old 11-06-2007, 09:46 PM
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Default Re: Simple question...

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Originally Posted by foundit66 View Post
Your first sentence ignores something incredibly unequal about the second sentence.

All men may be CREATED equal, but a 30% tax to a guy who makes $20,000 has a clearly unequal impact than on a 30% tax to a guy who makes $200,000, or $2,000,000.
It's still unequal representation through taxation...
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Old 11-06-2007, 10:05 PM
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Default Re: Simple question...

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Originally Posted by cnredd View Post
It's still unequal representation through taxation...
As opposed to unequal representation through income?

And I'm not advocating that the "incomes" be "equalized", but rather pointing out an underlying gross inequality which cannot be ignored if we were to seriously consider making the taxation "equal".
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Old 11-07-2007, 02:21 AM
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Default Re: I should pay more tax, says US billionaire Warren Buffett

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Originally Posted by foundit66 View Post
"competition"?
Take your competition and show it to the gasoline price industry.

Or to HMOs ...

"Competition" works when people are competing to please the customer.
In today's economy, the fight is more to please the stock-holder
The gasoline prices have been jacked up by the middle east and other major suppliers and if the conflicts are ever settled and it stops actually costing so much to "get" the oil from that region the prices will fall back to a somewhat normal level. You cannot deny that it is more the fault of the fact that 60% of our oil comes from foreign sources is the reason for the costs being so high.

The laws of competition are absolute. They cannot be refuted. They can however be totally interfered with by politicians and lawyers. If you can make the rules you can do anything you want with prices. Example......cigarettes are more than $5 a pack in NYC. Do the tobacco companies make all that profit? Don't the people of NY buy their cigarettes on the "black market" at a lower price whenever they can? Black markets are a direct result of government interference with the free market. Soon we will be getting our best healthcare from the black market.
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Old 11-07-2007, 02:26 AM
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Default Ah...

Quote:
Originally Posted by foundit66 View Post
Your first sentence ignores something incredibly unequal about the second sentence.

All men may be CREATED equal, but a 30% tax to a guy who makes $20,000 has a clearly unequal impact than on a 30% tax to a guy who makes $200,000, or $2,000,000.
Are you saying...?

"From each according to his means, to each according to his needs".

I just love debating taxes.

Got this one hip pocket. Quick draw, gotta think not. Formula.

One of the quickest topics to get all into the human nature, agenda, the character, if you will, of mine opponent.

Your turn.
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Old 11-07-2007, 03:08 AM
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Default Re: I should pay more tax, says US billionaire Warren Buffett

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Originally Posted by Adept1 View Post
The gasoline prices have been jacked up by the middle east and other major suppliers and if the conflicts are ever settled and it stops actually costing so much to "get" the oil from that region the prices will fall back to a somewhat normal level.
And the sheeple keep on repeating the lies of the big business.
I remember when I lived in San Diego, every once in a while there would be an "investigation" into price gouging.
And then miraculously, the gas prices would drop quickly.
And when the news went away, gas prices went back up. Everywhere. Between companies that were not "related" to each other...

"jacked up by the middle east"?
As the U.S. oil companies report record numbers as gas prices climb?
Give me a freakin' break.
Last summer when oil traded at a record high near $79 a barrel, gas at the pump went for about $3.03 a gallon. Today, crude's about $65 a barrel and a gallon of regular unleaded costs $3.10
Doesn't seem right, does it? The price of a barrel of crude ought to be a better benchmark for what you pay at the gas pump.
Gas: The price-per-barrel disconnect - May. 16, 2007



Quote:
Originally Posted by Adept1
You cannot deny that it is more the fault of the fact that 60% of our oil comes from foreign sources is the reason for the costs being so high.
The logical fact that it has ALWAYS BEEN THAT WAY clearly negates such a pretense that the 60% causes our oil prices to go up.


Quote:
Originally Posted by Adept1
The laws of competition are absolute. They cannot be refuted.
And yet, they have been, because you fail to recognize that the "competition" isn't just for the "consumer".
There is also competition for the investor.
Competition for company profits.


Quote:
Originally Posted by Adept1
They can however be totally interfered with by politicians and lawyers. If you can make the rules you can do anything you want with prices. Example......cigarettes are more than $5 a pack in NYC. Do the tobacco companies make all that profit? Don't the people of NY buy their cigarettes on the "black market" at a lower price whenever they can? Black markets are a direct result of government interference with the free market. Soon we will be getting our best healthcare from the black market.
Who the heck said anything about "black market"?
Stay on topic, or there is no point in talking to you...


Quote:
Originally Posted by teacher
Are you saying...?
No.

Last edited by foundit66; 11-07-2007 at 03:15 AM.
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Old 11-19-2007, 08:06 PM
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Default Re: I should pay more tax, says US billionaire Warren Buffett

Quote:
Originally Posted by foundit66 View Post
And the sheeple keep on repeating the lies of the big business.
I remember when I lived in San Diego, every once in a while there would be an "investigation" into price gouging.
And then miraculously, the gas prices would drop quickly.
And when the news went away, gas prices went back up. Everywhere. Between companies that were not "related" to each other...
So you actually believe that the rest of the world has NO INFLUENCE on oil prices?......and which investigation found the illegal acts? It has been my experience that the laws of SUPPLY AND DEMAND are irrefutable except with government interference. Hugo sells oil in his country quite cheap so why does he sell it to us at a high rate.
"jacked up by the middle east"?
As the U.S. oil companies report record numbers as gas prices climb?
Give me a freakin' break.those records are at NO HIGHER % than before. They are the result of higher prices and more costs(oil is not cheap to them either).
Last summer when oil traded at a record high near $79 a barrel, gas at the pump went for about $3.03 a gallon. Today, crude's about $65 a barrel and a gallon of regular unleaded costs $3.10
Doesn't seem right, does it? The price of a barrel of crude ought to be a better benchmark for what you pay at the gas pump.
Gas: The price-per-barrel disconnect - May. 16, 2007check the current prices. Try comparing the cost of milk it has skyrocketed lately and the cows don't make any more money than they ever did.




The logical fact that it has ALWAYS BEEN THAT WAY clearly negates such a pretense that the 60% causes our oil prices to go up.
The true FACT that IT HAS NEVER BEEN THAT WAY is much more logical. We have NEVER imported a greater percentage of our oil. So the imported oil has a greater reflection in the cost of gasoline.


And yet, they have been, because you fail to recognize that the "competition" isn't just for the "consumer".
There is also competition for the investor.
Competition for company profits.
Yup...I believe they call that Capitalism perhaps you should make an investment.


Who the heck said anything about "black market"?
Stay on topic, or there is no point in talking to you...

It was exactly ON TOPIC.....I was demonstrating that especially in America that if it can be done cheaper and easier and someone make a profit on it then YOU CAN'T STOP IT because someone will.

No.
The reason that we don't use other fuels is that gasoline IS STILL the best cheapest one available......as soon as it prices itself OUT OF THE MARKET it will be replaced.
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Old 11-21-2007, 06:58 PM
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Default Re: I should pay more tax, says US billionaire Warren Buffett

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Originally Posted by foundit66 View Post
The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax.
Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (£25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed."

During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%.

"There wasn't anyone in the office, from the receptionist up, who paid as low a tax rate and I have no tax planning; I don't have an accountant or use tax shelters. I just follow what the US Congress tells me to do," he said.

Mr Buffett also took a pot shot at hedge fund managers. He said: "Hedge fund operators have spent a record amount lobbying in the last few months - they give money to the political campaigns. Who represents the cleaning lady?"

His intervention comes amid an increasingly rancorous debate on Capitol Hill about tax. Shortly after taking office, President Bush pushed through $2 trillion in temporary tax cuts, including sharp reductions for high-earners. These expire at the end of 2010 and the White House wants to renew them.

A leading Democrat, the Harlem congressman Charlie Rangel, published alternative plans this week that would impose a 4% surcharge on people earning more than $200,000 a year, while delivering tax relief to 90 million working families.
I should pay more tax, says US billionaire Warren Buffett | Business | The Guardian
I don't see how this could possibly be true.

I do know that we put alot of money into 401K's as well as medical saving accounts, ect... And that this money isn't taxed so our overall taxable income is lowered but whatever Buffett is an a$$hole and dollar for dollar there's no way in hell he paid less taxes than his secretary and if he were forced to pay more at a certain point he'd have to hire less people which would harm his secretary far more. People can biatch and complain all they want but at the end of the day if you make 1.00 and pay 30% in tax thats 30cents and if I make $1000 and pay only 10% that's 100. So at the end of the day the person paying only 10% is still paying a whopping $99.70 more into the "common" pot. What's to biatch about?
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Old 11-21-2007, 07:06 PM
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Default Re: I should pay more tax, says US billionaire Warren Buffett

I saw the Democratic debate the other day and Obama's definition of rich being someone who brings in over $97,000 a year scared the piss out of me.

If he gets elected alot of people running around screaming about the unfairness of it all and the rich are gonna get raped in the a$$. Rich apparently is very very relative.
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