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Home Depot co-founder Marcus says Buffet's support to tax rich will slow hiring
Bizjournals.com ^ | September 20, 2011 | New Mexico Business Weekly

Posted on 09/20/2011 8:18:34 AM PDT by Qbert

Bernie Marcus, a co-founder of The Home Depot    (NYSE: HD) and one of Atlanta's wealthiest businessmen, says President Barack Obama’s plan to increase taxes on the rich would only serve to slow hiring and slow America's economic recovery, reports Atlanta Business Chronicle    broadcast partner WXIA-TV. He also sharply criticized billionaire Warren Buffet’s support of the plan.

President Obama on Monday introduced a plan combining trillion-dollar spending cuts and the closure of tax law loopholes for the rich. "For us to solve this problem everybody including the wealthiest Americans and biggest corporations have to pay their fair share" Obama said.

Warren Buffet, one of the richest men the U.S., is among supporters of the plan. "I have a lower tax rate, counting my payroll taxes, than anyone in my office," Buffett said.

Buffet’s support is drawing Marcus’ ire.

Marcus, who was quick to say he supports everyone paying their fair share, said also that he gives large amounts of his money to charity, medical research, and to projects that benefit the community. Buffet, he says, has not donated to charity until now. “The first time in his life he's giving money to Gates to give it away,” Marcus added.

Marcus said it comes down to whether people had rather private enterprise contribute to job creation and community improvements, or have those projects funded by the government after private enterprise can no longer afford it.

"Wealthy people create jobs and the entire wealth of this country has come out of job creators and job creation is the name of the game. Those are the people that count so you don't want to put them out of business," Marcus told WXIA.

New Mexico has seven Home Depot locations.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: buffet; buffetrule; buffetttax; economy; obamanomics

1 posted on 09/20/2011 8:18:46 AM PDT by Qbert
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To: Qbert

Is this the same Home Depot guy who said publicly that socialized UhbamaCare was a bad thing?

Since then, my approval of Home De(s)pot went up sharply. I always preferred Lowe’s (though frankly they’re not much different), but between HD’s comments and Lowe’s blatant pathetic accomodation of Spanish language, I think now I’ll be tending toward the Despot.


2 posted on 09/20/2011 8:23:42 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: Qbert

For Democrats to understand this would require them to find their own @ss!


3 posted on 09/20/2011 8:23:43 AM PDT by poobear (Facts, the TURD in the punchbowl of Liberal thought!)
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To: Qbert
Home Depot co-founder Marcus says Buffet's support to tax rich will slow hiring

Now, there's a shocker. Taking money away from those who create jobs will result in fewer jobs being created! Who wouldn've thunk!

Liberals have a mental block that doesn't allow them to understand 1) the rich never pay higher taxes - they either shelter their money; pass on the increased costs to consumers; or eliminate jobs (or all three), and 2) all tax increases have ever done is given more money to government to spend, and they spend every dime and more.

4 posted on 09/20/2011 8:25:57 AM PDT by SoldierDad (Proud dad of an Army Soldier currently deployed in the Valley of Death, Afghanistan)
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To: Qbert
Warren Buffet wants to keep the elite club of the super rich small. A big tax on 'up and comers' will do the trick... Buffet doesn't give a fig about Americans being employed or not. He's a puffed up liberal elite jerk.

Bernie Marcus, on the other hand understand middle class Americans. Good for him.

5 posted on 09/20/2011 8:26:05 AM PDT by GOPJ (126 people were indicted for being terrorists in the last two years. Every one of them was Muslim.)
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To: Qbert

AFTER Buffett pays his bill, then he can give advise to others about paying taxes...lying @ss libtard!


6 posted on 09/20/2011 8:31:51 AM PDT by Nat Turner (I can see NOVEMBER 2012 from my house....)
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To: the OlLine Rebel
Lowe’s blatant pathetic accomodation of Spanish language,

It seems to me that a private company like Lowe's is making a good business decision by trying to accomodate all its potential customers.

When I visited Switzerland, I noticed that most everything was printed in English, German, and Italian. They own guns too.

7 posted on 09/20/2011 8:32:36 AM PDT by Paradox (Democrats on Obama, They can't deny him, He is them.)
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To: Qbert

good for him.

buffet’s a doofus.


8 posted on 09/20/2011 8:32:52 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Qbert

9 posted on 09/20/2011 8:48:00 AM PDT by Bean Counter (Obama got mostly Ds and Fs all through college and law school. Keep repeating it.....)
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To: Qbert

The wealthiest Americans and biggest corporations have to pay their fair share,to me so I can have a second term.

Every time he’s in a panic mode he uses he heman tax tune about the evil rich and his chuimps buy it.


10 posted on 09/20/2011 9:07:20 AM PDT by Vaduz
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To: Paradox
When I visited Switzerland, I noticed that most everything was printed in English, German, and Italian.

Do you believe that they do this because they have citizens that only speak German, Italian or English? Or are they accomodating tourists/visitors.

11 posted on 09/20/2011 9:17:32 AM PDT by Go Gordon (He's so bad, even the people from Kenya insist Obama was born in the USA)
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To: Nat Turner

A little bird told me that Buffet actually “sold” his name to provide a little cover for Obama’s tax scam.

What was the “price” paid to Buffet?

Obama had to promise to direct the IRS to “drop” its billion-dollar tax-deficiency lawsuit against Buffett.

Hey, it’s the “Chicago way”...


12 posted on 09/20/2011 9:20:32 AM PDT by pfony1
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To: Qbert
Buffet's support of Keynesian economics shows how out of touch with economic reality he is. Buffet had better give that secretary a raise because it is obvious he is sitting out on the deck chair letting; his minions run the shop. It is my impression that the only thing he worries about now is does his Margarita have the correct salt ring and does he have enough Viagra for the weekend.
13 posted on 09/20/2011 9:21:02 AM PDT by jonrick46 (2012 can't come soon enough.)
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To: Paradox

Actually, in Switzerland it’s the law on the languages ( you need to add in French) because the country is actually three countries in one. Depending on where you are ( or more correctly which of the three countries that border Switzerland are nearest to your location) the district is obliged to post in that language as well as English.


14 posted on 09/20/2011 9:42:26 AM PDT by vette6387 (Enough Already!)
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To: Qbert

We need a 100% billionaire tax NOW. Leave everyone else alone.


15 posted on 09/20/2011 10:32:51 AM PDT by SaraJohnson
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To: Go Gordon
Do you believe that they do this because they have citizens that only speak German, Italian or English?

Indeed, I was informed that that was the case at the time. Those were the primary languages of the swiss people in that area.

16 posted on 09/20/2011 11:52:05 AM PDT by Paradox (Democrats on Obama, They can't deny him, He is them.)
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To: Qbert

I don’t think Buffett creates any jobs...he’s just an investor, isn’t he? I think his secretary is his only employee therefore tax the crap out of him and leave job creators alone.


17 posted on 09/20/2011 1:26:31 PM PDT by New Jersey Realist (Congress doesn't care a damn about "we the people")
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To: Paradox

Not French?

The Swiss have been German/Italian/French for centuries. This is about invasion and indoctrination.


18 posted on 09/20/2011 3:29:26 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: the OlLine Rebel

Yeah, French in there, of course. Its not indoctrination when its Lowe’s doing it.


19 posted on 09/20/2011 3:59:30 PM PDT by Paradox (Democrats on Obama, They can't deny him, He is them.)
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To: Paradox

No, but they’ve obviously bought in to the idea. We’re not talking Texas or CA here, either.


20 posted on 09/20/2011 6:13:44 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: Paradox

BTW, why aren’t they printing Korean? Our area has had a heavy Korean population for decades now. I know - they don’t count.


21 posted on 09/20/2011 6:14:49 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: the OlLine Rebel

Home Depot supports gay and lesbians, including marriage. Seen it more than 50 times on threads here on FR.

i support Lowes and OSH. Funny thing: here in L.A., there’s OSH and HD right across each other. OSH manages to keep out the illegals from their property but HD doesn’t...


22 posted on 09/20/2011 8:01:33 PM PDT by max americana (FUBO NATION 2012 FK BARAK)
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To: the OlLine Rebel

The nation’s largest pro-homosexual activist group, Human Rights Campaign (HRC), credited Home Depot for helping it pass gay marriage in New York State .

Calling it the “most aggressive state legislative advocacy campaign ever,” HRC it pumped more than $1 million into the effort. Just after the gay marriage bill passed, HRC issued an email asking “What was the secret weapon behind this incredible achievement?” It went on to say that “a group of dedicated HRC Partners who fueled the fight for marriage equality by providing the resources.”

Home Depot is one of those HRC “partners.” HRC’s secret weapon in passing gay marriage was Home Depot! Home Depot’s own website says it “is honored to say we support” HRC and other pro-gay marriage groups
**********************************************************
Homo Depot


23 posted on 09/21/2011 5:41:33 AM PDT by WOBBLY BOB (See ya later, debt inflator ! Gone in 4 (2012))
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