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dreamdancer

Warren Buffett calls for higher taxes for US super rich

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>Maybe those like Kallend & dreamdancer should start to use the tax code to
>their advantage instead of crying about those that do.

Which is equivalent to saying "maybe people should start using the tax code to their advantage instead of whining and crying that taxes are too high."



I don't like paying taxes but I know it is needed, I know I don't pay as much as the rich but I still pay and I am glad the rich pay, but I am tired of seeing so many pay nothing and then complain the rich don't pay enough. This class warfare created by the left is discusting and is causing harm to our country. The politicians spend to much and the lower income people don't pay enough.

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Interpretation: Mike can't refute the facts so he resorts to insults.



Translation: I have no argument besides appeal to emotion and can't supply any facts, so I will try to discredit the poster.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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Mike, can you refute that the average tax savings of the 1% exceeded the average income of the 99%? If not, why isn't that relevant?

I'm not saying it is (average, without median, can be very misleading). But it'd be nice to hear.

Wendy P.



It may well be (I'd think yes) true, but it's not a meaningful statement. The typical increase in taxes to the 1% from the 1993 tax increases was greater than the average income of the 99% as well. And why would this be a surprise? Roughly half of the 99% pay no income taxes of all - of course they're not going to see a significant change from increases or decreases.

Big numbers are fun, of course. Top NBA players make more money every time they shoot the ball in a game than the average American. GOOD GOD - WE HAVE TO DO SOMETHING! It's a purely emotional tactic.

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Mike, can you refute that the average tax savings of the 1% exceeded the average income of the 99%? If not, why isn't that relevant?

I'm not saying it is (average, without median, can be very misleading). But it'd be nice to hear.

Wendy P.



It may well be (I'd think yes) true, but it's not a meaningful statement. The typical increase in taxes to the 1% from the 1993 tax increases was greater than the average income of the 99% as well. And why would this be a surprise? Roughly half of the 99% pay no income taxes of all - of course they're not going to see a significant change from increases or decreases.

Big numbers are fun, of course. Top NBA players make more money every time they shoot the ball in a game than the average American. GOOD GOD - WE HAVE TO DO SOMETHING! It's a purely emotional tactic.



and all the numbers show that the rich are getting richer - at our expense...
stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

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and all the numbers show that the rich are getting richer - at our expense...



The numbers don't support your claim.

During the Clinton years, the bottom 99% paid 67.25% of income taxes. Under Bush, the bottom 99% paid 62.9% - a 6.4% decrease.

Conversely, the richest 1% paid 32.75% of the total under Clinton and 37.1% under Bush - a 13.3% increase.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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and all the numbers show that the rich are getting richer - at our expense...



I've never figured out why the NBA owners are completely incapable of controlling salaries - they're the ones with the wallet and the ability to say no. But so long as fans will buy tickets and TV networks will pay to broadcast, these hard working athletes with lovely genetics are going to make a princely sum for being just a tiny bit better than everyone else.

In the bigger picture, DD, you should blame Walmart shoppers for the shifting in wealth. Consumers don't want to pay extra for quality or local manufacturing, thus killing off the better paying jobs for the high school graduates.

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the difference between athletes and bankers is that it isn't athletes who bankrupted the economy and got us to bail them out...

(meanwhile the super rich accelerate away from the rest of us - not healthy for a society as buffett recognises)
stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

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the difference between athletes and bankers is that it isn't athletes who bankrupted the economy and got us to bail them out...

(meanwhile the super rich accelerate away from the rest of us - not healthy for a society as buffett recognises)



So did he recognize this, or cause it as you say in the first paragraph?

BTW, the Raiders cost the city of Oakland a small fortune when they agreed to return from LA in exchange for stadium concessions. I believe it cost them 17M/yr when the PSL sales didn't realize the claimed earnings. Other cities give up land and hundreds of millions for a stadium, either to attract a team or in the face of a threat to leave by the owner.

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I don't like the increasing distance between the mass of wealthiest couple of percentiles (the individuals don't matter as much; they're outliers) and the mean. But I tend to agree with you that the focus on "more stuff" (and that stuff coming from Walmart and other cheap foreign-made places) has a lot to do with it.

People don't "deserve" credit, televisions, or cars. They do deserve an honest chance at a decent education, and an honest chance at a decent job. I think they deserve to be treated with respect as the default.

Housing, clothing, and food are things that societies like to be sure their people have; they've very low on the hierarchy of needs -- it's in the interests of a stable society to make sure people have that. But it's better if they can earn it.

Right now it's really tough to get a job in many parts of the country. Not having one doesn't necessarily mean you're lazy or useless. Of course, there are lazy people out there as well. So our national costs in making sure that people have food & shelter are higher than usual.

Anyway, that was a really long and meandering post. I wish we could get more people in the US (let's start small :P) to consider how to leave things better than they found them, rather than how to maximize their own benefit at the expense of others.

Wendy P.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

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and all the numbers show that the rich are getting richer - at our expense...



The numbers don't support your claim.

During the Clinton years, the bottom 99% paid 67.25% of income taxes. Under Bush, the bottom 99% paid 62.9% - a 6.4% decrease.

Conversely, the richest 1% paid 32.75% of the total under Clinton and 37.1% under Bush - a 13.3% increase.



Those numbers are irrelevant to what he wrote. Please pay attention. The rich ARE, proportionally, getting richer.
...

The only sure way to survive a canopy collision is not to have one.

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The rich ARE, proportionally, getting richer.



So are the poor.



not compared to the rich...



So?



the rich are still accelerating away from the rest of society. have you read hg wells' 'the time machine'? if so you'll know the end result...
stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

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The rich ARE, proportionally, getting richer.



So are the poor.



not compared to the rich...



So?



the rich are still accelerating away from the rest of society.



Again, so?

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have you read hg wells' 'the time machine'? if so you'll know the end result...



Non-sequitur.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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The rich ARE, proportionally, getting richer.



So are the poor.



No. Not after accounting for inflation. Since the 1970s only the wealthy have made out like bandits.

Source: Bureau of the Census, Income, Poverty, and Health Insurance Coverage in the United States: 2009 (Department of Commerce, 2010), table F-7, available at www.census.gov/hhes/www/income/data/historical/families/index.html
...

The only sure way to survive a canopy collision is not to have one.

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The rich ARE, proportionally, getting richer.



So are the poor.



No. Not after accounting for inflation. Since the 1970s only the wealthy have made out like bandits.

Source: Bureau of the Census, Income, Poverty, and Health Insurance Coverage in the United States: 2009 (Department of Commerce, 2010), table F-7, available at www.census.gov/hhes/www/income/data/historical/families/index.html



From table F7:
Median income, 2010 dollars:
2010: 60,395
1970: 49,443

Mean income, 2010 dollars:
2010: 78,361
1970: 55,652

Guess that's more of the math where 70 billion is more than 3 trillion, right?
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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Guess that's more of the math where 70 billion is more than 3 trillion, right?



Still having the old comprehension problem, I see.

Do you know the meaning of this symbol: "/", in math?

It was very carefuly explained to you yesterday, but still you refuse to get it.
...

The only sure way to survive a canopy collision is not to have one.

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Guess that's more of the math where 70 billion is more than 3 trillion, right?



Still having the old comprehension problem, I see.



Still throwing insults when you can't refute the argument, I see.

By all means, enlighten us - show us how 49k is more than 60k, or how 55k is more than 78k.

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Do you know the meaning of this symbol: "/", in math?

It was very carefuly explained to you yesterday, but still you refuse to get it.



You mean where you divided the 70 billion by .01 in a bogus attempt to misdirect because you couldn't explain away the numbers? Yeah, I remember that.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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the super rich certainly need to pay more tax...



I think you need to pay more tax, what is your fair share? what is the fair share of everyone making less than 50k? why are those people's "fair share" never talked about. when you pay as many total $s as the rich do then you can speak about fair share. until you pay the total $ amount they pay you just look whiny kid trying to mooch off of others.

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Guess that's more of the math where 70 billion is more than 3 trillion, right?



Still having the old comprehension problem, I see.



Still throwing insults when you can't refute the argument, I see.

By all means, enlighten us - show us how 49k is more than 60k, or how 55k is more than 78k.

Quote

Do you know the meaning of this symbol: "/", in math?

It was very carefuly explained to you yesterday, but still you refuse to get it.



You mean where you divided the 70 billion by .01 in a bogus attempt to misdirect because you couldn't explain away the numbers? Yeah, I remember that.



The only person you fool is yourself. Well, maybe rushmc too.
...

The only sure way to survive a canopy collision is not to have one.

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Guess that's more of the math where 70 billion is more than 3 trillion, right?



Still having the old comprehension problem, I see.



Still throwing insults when you can't refute the argument, I see.

By all means, enlighten us - show us how 49k is more than 60k, or how 55k is more than 78k.

Quote

Do you know the meaning of this symbol: "/", in math?

It was very carefuly explained to you yesterday, but still you refuse to get it.



You mean where you divided the 70 billion by .01 in a bogus attempt to misdirect because you couldn't explain away the numbers? Yeah, I remember that.



The only person you fool is yourself. Well, maybe rushmc too.



Translation: The numbers are against me and I can't get them to fall for the bogus point I tried to make.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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