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Buffett, Gates create indelible UNL moment
Lincoln Journal Star ^
| 10-8-2005
| LJS Editorial
Posted on 10/11/2005 6:56:11 AM PDT by stevestras
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To: stevestras
The appearance of Bill Gates and Warren Buffett at the Lied Center last week was a reminder of the fluidity in American society that allows talent and drive not birthright and connection to earn power and wealth.
WHAT?
http://www.skrause.org/computers/dos.shtml
http://www.links.net/daze/99/01/13/
http://www.jmusheneaux.com/39cc1.htm
There is not a better example of how cronnyism and high connections crush talent and drive.
21
posted on
10/11/2005 7:10:33 AM PDT
by
x5452
To: stevestras
You think these two don't have gaggles of lawyers and accountants seeking every loop hole in the tax codes? Hypocrits.
To: stevestras
Both Buffett and Gates said that they should pay more in taxes. The rich should bear a somewhat higher proportion than they are now, Gates said. Warren, Bill do you guys have accountants? Fire them. Fire the financial advisors. Move your loot out of the shelters and into a money market. Use the short form this April.
Problems solved you pair of phoney bastards.
And is the Lied Center the real name of the place or is the writer being ironic?
23
posted on
10/11/2005 7:12:19 AM PDT
by
Tribune7
Comment #24 Removed by Moderator
To: stevestras
People like them employ several millions of people and drive a good percentage of the economy. As much as it disturbs me I had rather give them a tax break than have to ultra wealthy stop investing. If they did watch our economy tank or be taken over by off-shore investors and make us more dependent on foreigners than we are now.
To: Lester Moore
The Gates Foundation writes checks in the amount of approximately 14 million dollars per week. Thousands of schools benefit directly from Bill Gates. That's how you get your percentage rate down. There is an enormous flow of money from the wealthy but because they earn so much, they don't feel it. Then, the dems and the media guilt trip them into thinking they should be doing more - and maybe they should, but not by paying more taxes into the the government pork barrel. Foundations and grants are a much better way.
To: stevestras; Willie Green; Wolfie; ex-snook; Jhoffa_; FITZ; arete; FreedomPoster; Red Jones; ...
Im paying less than half of what I was paying years ago when I was making a lot less, Buffett said. There are people fighting in Iraq paying higher rates than mine.
This irks me. Why don't these folks start a voluntary deficit reduction fund and contribute a billion, or two. So you think that the fact "people fighting in Iraq [are] paying higher rates" is good, but when the billionaire complains about it is bad? And that those who do not approve it should make voluntary tax contribution but those who like it should keep the advantage?
27
posted on
10/11/2005 7:19:06 AM PDT
by
A. Pole
(Fusion: "The forces of freedom on the move. Europe trembles.")
To: wideawake
No one in a "Combat Zone" pays taxes.
28
posted on
10/11/2005 7:21:54 AM PDT
by
massgopguy
(massgopguy)
To: T.Smith
Buffet does not pay less taxes, he pays a lower PERCENTAGE tax. So you think that flat tax would be very unjust? Would you like the poll tax instead?
29
posted on
10/11/2005 7:22:52 AM PDT
by
A. Pole
(Fusion: "The forces of freedom on the move. Europe trembles.")
To: A. Pole
So you think that the fact "people fighting in Iraq [are] paying higher rates" is good, but when the billionaire complains about it is bad?Although your comment wasn't directed at me, I'll chime in anyway. I find it objectionable, because for Buffett and Gates, the solution, unspoken here, is to levy punishing taxes throughout the populace and all the way up the income scale to finance various state-sponsored schemes. They're personally far beyond caring, themselves.
Their real issue isn't the inefficiency or irregularity of the tax code that lets their clever accountants achieve a lower rate, but their desire to increase the level of government involvement throughout the economy.
To: 2banana
Any military personnel in a combat zone pay NO taxes... It depends how you define taxes. It is amusing to see whan the federal income tax is being compared with the total tax in Sweden (which includes dividends, social security, local etc). Sweden's federal tax is ZERO :)
31
posted on
10/11/2005 7:25:56 AM PDT
by
A. Pole
(Sweden's federal tax is ZERO !)
To: stevestras
"The rich should bear a somewhat higher proportion than they are now," Gates said. If you say so. Send me your address and I'll forward my tax bill.
32
posted on
10/11/2005 7:25:57 AM PDT
by
steve-b
(A desire not to butt into other people's business is eighty percent of all human wisdom)
To: stevestras
Buffet, Gates, pay less taxes than soldiers in IraqI'll bet they pay an entire regiment of lawyers to keep it that way too.
33
posted on
10/11/2005 7:26:39 AM PDT
by
metesky
(This land was your land, this land is MY land; I bought the rights from a town selectman!)
To: A. Pole
Both of these men are donating a higher percentage of their income to charity than 99% of the people in this country.
Their investing and capital outlay employs hundreds of thousands of other americans who can then also pay taxes.
I have no animosity towards either of them (or the Walton family for that matter).
the more they make, the more people that are employed and more unfortunate people get some sort of charitible assistance..
Unbelievable that someone can find fault with this..
34
posted on
10/11/2005 7:28:16 AM PDT
by
adjuster
To: A. Pole
Gates is misinformed. Soldiers in harm's way do not pay any taxes except for the Communist FICA.
There should be no income tax at all.
Your mantra is "soak the rich" I know.
But soaking the rich is not only immoral, it has horrible practical consequences as well.
35
posted on
10/11/2005 7:28:51 AM PDT
by
wideawake
(God bless our brave troops and their Commander-in-Chief)
To: stevestras
Even though Buffett is rich he is liberal. He would lie or be disingenuous to make points with a seemingly liberal audience. He probably pays more in taxes than he can count and the rich certainly pay much more than the middle class or the government would have no money. The rich certainly pay a total lower percentage in payroll taxes but they mostly pay the maximum because only 1% or so max that out. Taking all kinds of income into consideration, they may pay a lower overall rate, but the rich who constitute 5% of taxpayers pay way over 65% of the total taxes to the government.
Gates and Buffett can pay more, all they have to do is pick up their check book and get busy, but in the lower earners of the 5% of the rich, they are vastly poorer than Gates or Buffett and an increase in taxes will adversely affect them.
To: A. Pole
Another reason to eliminate the IRS & repeal the federal income tax. Buffet and his ilk would pay more taxes from his restaurant meals alone than he's paying now if we went to a national sales tax. Go to a ten percent national sales tax on EVERYTHING...yes even real estate and groceries.
37
posted on
10/11/2005 7:31:03 AM PDT
by
kellynla
(U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
To: stevestras
When it comes to taxes, these two are idiots.
38
posted on
10/11/2005 7:32:51 AM PDT
by
PjhCPA
(They're stuck on stupid.)
To: A. Pole
"So you think that flat tax would be very unjust? Would you like the poll tax instead?" Huh? The point of my statement was that the headline was misleading. The writer makes it sound as if Buffett were paying fewer tax dollars than a soldier in Iraq. What Buffett really said was that he is paying less as a percentage of his total income. I expressed no opinion about graduated tax rates vis a vis a flat tax.
Since you ask, however, I prefer the Fair Tax.
39
posted on
10/11/2005 7:34:58 AM PDT
by
T.Smith
To: A. Pole
A regressive tax policy (when measured in terms of tax
rates) is not such a bad idea. If I earn $100,000 and the guy next door earns $50,000, then it would be nice to think that I should pay twice as much in taxes as he does. But if he's no less likely to call the fire department in an emergency, no less likely to send his kids to the local public school, etc., then I would effectively be subsidizing him under those circumstances.
However, I must say that military pay ought to be exempt from all Federal taxes -- especially pay for military personnel in combat.
40
posted on
10/11/2005 7:35:45 AM PDT
by
Alberta's Child
(I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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