Quote from andrasnm:
What is with the obsession of "short selling"? Is Buffett supposed to fix that too? Are you crazy? Like it or not, pal, it looks to me that Hillary is the next President, as your war mongering warrior chimp had put the GOP's near future into jeopardy. It will take a miracle or major Diebolt fix to remedy that, but than god knows what would happen. There is a good reason to be afraid!
Quote from andrasnm:
This is your opinion. As for the truth, the system aka fuckism should be abolished and changed. The current tax structure is a major pillar in that archaic, unreasonable and unjust system. Paying voluntary tax is not the solution since even if Buffett paid it 10 others (like you) wouldn't. This country can default and major fiscal crisis could ensure before you selfish, greedy bastards would realize, texas are a necessity. As it is in Europe... wouldn't you know? They have a much more stable, content society, you bastards hate to admit. The well off do not need to live in walled enclaves, with private security like in the US or Latin America.
Quote from ElCubano:
the cats going to leave all his money to charity...and lives in a house thats way under par and drive an oldsmobile cutlass. or whatver it is...cmon you got the wrong cat...
Quote from Pa(b)st Prime:
Yes it's true that he lives in the home he grew up in when in Omaha. (it's not a shabby house BTW). He spends much of his time in California though where he lives in a house worth 7mil or so.
He's not the image of J. Paul Getty brown bagging a homemade sandwich for lunch.
I find it ironic that those talking about the great philanthropist Buffet don't find it amusing that he pay's his secretary only 60k a year.
I've had these discussions with other rich people and I can predict his canned answer. "Why should I pay significantly higher than the market rate for labor just because I'm wealthy."
On one hand he's the greatest investor in history, on the other he's a creep. He's always been a tax avoidance type of guy yet he complains he's undertaxed. He owns an insurer that customers will tell you is deceivingly cheap i.e. they're slow to pay claims. On top of it he's in the most parasitic insurance there is-automobile. With his resources, expertise, infrastructure and policy bent he could try to find a way for Geico to offer low cost health. Instead it's much easier and more profitable to figure out the theft/accident rate on 2002 Accord's.......
Quote from ZZZzzzzzzz:
I can understand why a puny little fish like you doesn't like Buffett. I have found that many wanna be wealthy people are like that. They expect wealthy people to be self absorbed and affected, like that asshole Trump...
Quote from Pa(b)st Prime:
There's 1400 fellow CBOT'ers with 6mil each in stock alone. I don't need to be jealous of Buffet......
And you don't think Buffet is self absorbed? LMFAO.
At least Trump is schilling. I find that far more innocuous than some prick looking to the American public for approval as some sort of salvation.
The guy's with the Monet's hanging on their walls are no less pretentious than the guy's on Cribs. Just better taste.
Here's the bottom line. Gates can wake up each day and know he gave the world trillions in productivity in exchange for his wealth.
Buffet's just a richer version of a trader. That ain't nothing to be proud of........
Was he lecturing people on their morality? I didn't get the feeling that was his primary purpose but I guess it is unavoidable when pointing out the logical discrepencies of the tax policies favored by the current administration.Quote from AAAintheBeltway:
Buffett is the financial world's equivalent of John Edwards, a transparent hypocrite lecturing others about their lack of morality even as he lives a life of privilege funded in part by taking advantage of every tax dodge available. If Buffett was calling only for people with his wealth to be taxed more, it would be different. Instead, he uses his own wealth as an example, knowing that the people who will end up paying the taxes he proposes will not be the super rich but those who aspire to the american dream. His liberal democrat pol's consider anyone making more than a schoolteacher's salary to be "rich" and deserving of higher taxes. If Buffett thinks his own tax status is such a disgrace, I would think the moral thing to do would be for him to pay what he thinks is appropriate to the government and forego all his tax avoidance schemes. I'm not holding my breath.
The purpose I stated was the raising of the standards of living for everyone. I mentioned the redistribution of wealth as an effect. One of the main points of contention in the common debate seems to revolve around whether wealth redistribution is desirable and to what degree.As for your conclusion that the purpose of the tax system is to redistribute wealth, I have to agree with ratboy.
Which begs the question what are the essential functions of government for? I think it is to promote the common good.The purpose of taxes is to fund the essential functions of government.
A rational tax system will do that in a way that imposes the least possible damage on the economy. Redistribution schemes do the opposite. They punish success and reward sloth, creating incentives for less of the former and more of the latter. For some reason, liberals never seem to learn that.