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    Banned Melonie's Avatar
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    Default Billionaire's guilt over Income Taxes ...


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    God/dess VenusGoddess's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    I love Warren Buffet.

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    Default Re: Billionaire's guilt over Income Taxes ...

    Buffet rocks in so many ways

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    Banned Melonie's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    agreed re Warren Buffett ... and especially so on this point i.e. that when politicians start talking about tax increases for the 'rich' they aren't talking about increasing taxes on the 'immensely wealthy' but instead increasing the taxes on middle class workers ... like full time dancers !

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    Default Re: Billionaire's guilt over Income Taxes ...

    “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

    IMO, Warren Buffet is too rich to be compromised and too humble to hold a high ranking office. Otherwise, he'd represent a serious threat to the New World Order.

    P.S. I look forward to reading Melonie's thought provoking posts. Is she the humanitarian/economist brainiac, or what?

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    Banned Melonie's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    ^^^ no she's just fed up having to pay 50 cents out of every dollar earned to the federal gov't, the state of NY, the city of NY, county sales tax, local property tax etc !

    She's also extremely frustrated that a lot of politicians are now debating laws that will further increase this tax burden ! This is particularly the case when these politicians imply that the 'rich' will be the ones bearing the additional tax burden, but know perfectly well that the tax increases will impact the middle class far more than the 'wealthy'.

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    God/dess Embyr's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    Quote Originally Posted by VenusGoddess View Post
    I love Warren Buffet.
    Me too!!!!

    He said: “You could take that $30 billion and give $1,000 to 30 million poor families. Or should you favour the 12,000 estates and make 30 million families pay an extra $1,000?”

    how many people that damn rich... wow... that makes me happy.

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    Veteran Member Smoothcat's Avatar
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    Lightbulb Re: Billionaire's guilt over Income Taxes ...

    Right on, Melonie. High taxes are anti-American. Just ask the colonials.

    The rich always find a way to shelter their money. That's how they stay so rich.

    Sounds like you're leaning towards either a flat tax or a national sales tax instead of the current very unequal system?

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    Banned Melonie's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    ^^^ well I really didn't want to get into a discussion of alternate tax policies. My main points were ...

    A. Whatever happened to the idea of REDUCING gov't spending ? This latest crop of politicians continue to spend more and more money, but rather than talking about changing THAT policy, they immediately take the approach that taxes must be increased.

    B. The latest crop of politicians then take a position for 'public consumption' that it is the 'rich' who will be the targets of proposed tax increases. However, in reality, the politician's definition of 'rich' essentially means the hard working middle class, small business persons etc. via raising taxes on ordinary income ... with the truly 'rich' and corporate bigwigs seeing little if any increase in taxes. This is because the politicians don't raise the capital gains tax but do continue to offer high buy-in tax favored investment vehicles (one example wind energy's production tax credit).

    Considering that a good portion of this latest group of politicians calling for tax increases are truly 'rich' themselves, one must assume that they know exactly what they are doing re bogus tax increases for the truly 'rich' versus very real tax increases for the middle class and small business. IMHO this constitutes a new low point in self-serving hypocracy. However, I also suspect that the same politicians know that the average American voter doesn't have a clue re calls for 'taxing the rich' not actually affecting the truly 'rich' !

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    Veteran Member Smoothcat's Avatar
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    Smiley Re: Billionaire's guilt over Income Taxes ...

    Amen to all you just said.

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    Default Re: Billionaire's guilt over Income Taxes ...

    Quote Originally Posted by Melonie View Post
    ^^^ no she's just fed up having to pay 50 cents out of every dollar earned to the federal gov't, the state of NY, the city of NY, county sales tax, local property tax etc !
    if your NY taxes bug you so much why not move? It's not like you can change the tax rates but you can change where you live. What's the point of complaining about your situation but not doing anything to remedy it?

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    Default Re: Billionaire's guilt over Income Taxes ...

    ^^^ I guess it boils down to MY being able to move and avoid the high tax rates in New York if I chose to ! A news report was just released showing that NY lost 200,000 'middle class' residents in the last year, so obviously quite a few people are deciding to do this. However, this does NOT help the people who can't move due to family ties etc. Moreover, if this trend continues, New York will wind up being composed of a small percentage of very rich 'ruling elite', and a huge percentage of 'poor' people, with nothing left in between - in other words all of the attributes of a 3rd world country !

    So yes I am trying to do something to remedy this situation in some small way - by trying to inform a few people of what's really going on (and what's NOT going on) in regard to 'taxing the rich'.

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    Featured Member flickad's Avatar
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    Default Re: Billionaire's guilt over Income Taxes ...

    Quote Originally Posted by Melonie View Post
    ^^^ I guess it boils down to MY being able to move and avoid the high tax rates in New York if I chose to ! A news report was just released showing that NY lost 200,000 'middle class' residents in the last year, so obviously quite a few people are deciding to do this. However, this does NOT help the people who can't move due to family ties etc. Moreover, if this trend continues, New York will wind up being composed of a small percentage of very rich 'ruling elite', and a huge percentage of 'poor' people, with nothing left in between - in other words all of the attributes of a 3rd world country !

    So yes I am trying to do something to remedy this situation in some small way - by trying to inform a few people of what's really going on (and what's NOT going on) in regard to 'taxing the rich'.
    I think parts of the Western world are already looking like heading in that direction, and not just due to taxation policies.

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