Posted on 08/19/2011 10:48:15 PM PDT by blam
BILLIONAIRE KOCH TO BILLIONAIRE BUFFETT: Screw Your Call For Higher Taxes -- The Government Is Incompetent
Henry Blodget
Aug. 19, 2011, 7:10 PM
Earlier this week, Warren Buffett called bs on the Republican meme that raising taxes on deca-millionaires and billionaires will clobber the economy.
His argument was persuasive--because raising taxes on billionaires won't hurt the economy.
Today, in a statement published at the National Review, another billionaire weighs in on the tax issue--Charles Koch.
Koch doesn't dispute Buffett's contention that he pays a lower tax rate than his secretary and that he could afford to pay a lot more. He also doesn't argue (thankfully) that higher taxes would remove his incentive to invest and create jobs.
What Koch does do is cite the "massive uncontrolled increase in government spending" of the last several years, This, too, is a flawed (or at least incomplete) argument: Government spending has been exploding for the past 11 years, not just the past "several.".
But then, more persuasively, Koch invokes a sentiment lots of reasonable people will relate to: He suggests that he can spend his money a lot more wisely than the government can:
“Much of what the government spends money on does more harm than good; this is particularly true over the past several years with the massive uncontrolled increase in government spending. I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.
(Excerpt) Read more at businessinsider.com ...
It’s about time some of the big businesspeople in this country speak up; the small, independent businesses have been doing all the work for far too long.
Buffet is a POS Commie. He is no better then Soros. The Oracle of Assaholas.
Why doesn’t Warren Buffet, Bill Gates and all the Liberal Millionaires and Billionaires and the Hollywood Crowd (like Babs Streisand, Sean Penn, Tim Robbins, Susan Sarandon, Whoopi Goldberg, Jerry Springer and Matt Damon) just write out some big checks and send them to Washington D.C. to pay down the deficit and help the U.S. Economy. What’s stopping them?
TELLING.
QUITE TELLING ...
NEITHER WARREN NOR HIS BRIDGE PARTNER, BILL, SEE FIT TO TURN OVER THEIR PERSONAL PELF TO THE US TREASURY.
INSTEAD, BOTH OF THESE PLUTOCRATIC MOGULS EGOTISTICALLY PREFER TO FUND THE GATES FOUNDATION.
WHY?
IF US GOVERNMENT EXPENDITURES ARE SO SENSIBLE, WHY NOT FUND SUCH LARGESSE DIRECTLY???
IT SEEMS BILL AND WARREN TRUST THEIR OWN ALLOCATIONS BEYOND THOSE OF THE FEDERAL GOVERNMENT.
BUT ALL YOU PLEBES SHOULD BE GLAD TO PAY TAXES WITHOUT FURTHER ‘SAY SO’.
MOVE ALONG NOW, YOU SILLY PLEBIANS. MOVE ALONG ...
Horse manure.
ANYTIME money leaves private hands and ends up in government hands it hurts the economy.
He is comfortably numb.
“It’s about time some of the big businesspeople in this country speak up; the small, independent businesses have been doing all the work for far too long.”
The Left so vilifies the “evil Koch Brothers” that they’re the new Darth Vader/Dick Cheney. Disgusting. But it’d sure be great to see the Donald out there spreading the message! People on all sides listen to him (whether they admit it or not :-)))
>> What’s stopping them?
Covetousness.
They don’t want to make the sacrifice unless they’re assured no one else will escape the “obligation”.
You’re good :)
I almost think that the Republicans should cut him off here and now, say they will agree to a nominal tax increase on everyone (make the 50% that don't pay pay something; you take an interest in spending when you feel it's your money) and then say we will agree to this as long as we get a balanced budget amendment, 10% across the board spending cuts, and no more debt ceiling increases. Any increased revenue goes to pay the debt, period, until things get under control. Close loopholes, get rid of Obamacare and replace it with sensible healthcare solutions like being able to purchase insurance over state lines, etc. And cut the bull!
It would not surprise me if Warren Buffett is so detached from the economic workings of his empire, that he does not know much any more of what it takes to earn a dollar. He has little worker bees running the numbers and making sure his stock holdings are giving him the biggest bang for the buck. Buffet’s life is more concerned about his social life where he can mingle with the liberal cocktail party crowd and learn their talking points well enough to be loved by the beautiful people.
Warren Buffett, what a sell out to the capitalist foundation of a free nation.
Do you Itemize? Do all your Democrat buddies Itemize?
If you don't, good for you. If you do, STFU.
Sincerely,
KC
Not so much. I am listening to Glen Campbell tonight. My 20 year ago self would punch me in the face for this.
http://www.youtube.com/watch?v=GNHqG9lPcaE&feature=relmfu
“They don’t want to make the sacrifice unless they’re assured no one else will escape the “obligation”.”
BINGO. You can also add that those who are “poor” want to share their misery on those who are more successful, and those who worked harder and smarter than they did.
Oh what an album, what a song. Pink Floyd my liberal 1/10 of 1/1000000th. Ok I am on pain pills please forgive my ranting. But Pink Floyd are gods...
Rock on Brother.
That’s my boss, mofo!
:-p
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.