Millionaires to Buffet: Butt out

[Bateluer]

http://money.cnn.com/2011/09/27/pf/...lionaires/index.htm?source=cnn_bin&hpt=hp_bn5

NEW YORK (CNNMoney) -- Billionaire Warren Buffett can pay more taxes if he wants to, but some "ordinary millionaires" say they're already paying plenty.

"There is more of a difference between my financial position as a multi-millionaire and Buffett's than there is between mine and a guy that makes minimum wage," one CNNMoney reader said. "Why am I grouped with him and why does he feel he can speak for me?"

Only 24% of millionaires said higher taxes on higher incomes is the fairest way to go, according to recent survey from Spectrem Group, a research firm specializing in finances of affluent Americans. The biggest chunk of millionaires, 44%, think a flat rate tax across all income brackets is the fairest system.

Definitely makes a good point. Buffet and Gates are definitely among the super rich, with double digit billions to their names. Paying 55%+ of their income in taxes is a lot of money, but still leaves them with tens of billions. For the person who just broke 1,000,000 a year, paying 500,000 of that to Uncle Sam, in Federal Income tax alone, is obscene. Shoot, when I combine Federal, state, property, and sales tax, I easily hit that 50% mark and I only hit 45K this year.

 

[ComradeBeck]

http://money.cnn.com/2011/09/27/pf/...lionaires/index.htm?source=cnn_bin&hpt=hp_bn5





Definitely makes a good point. Buffet and Gates are definitely among the super rich, with double digit billions to their names. Paying 55%+ of their income in taxes is a lot of money, but still leaves them with tens of billions. For the person who just broke 1,000,000 a year, paying 500,000 of that to Uncle Sam, in Federal Income tax alone, is obscene. Shoot, when I combine Federal, state, property, and sales tax, I easily hit that 50% mark and I only hit 45K this year.

Poor millionaires! A couple of points you can expect when hearing from the rich:

A. They don't spend money, that's why they have it. They are obsessive compulsive, or like meth addicts they hoard. Not to innovate, people working on the edge push boundaries, being wealthy means you have a obligation to hold onto their wealth/power through the status quo however they can. (and accumulate more)

B. No one with money thinks they have a lot, this is basic human psychology and one of the oldest sociopathic rationalizations in the books.

 

[xj0hnx]

or like meth addicts, they hoard money.

Yea, because meth addicts are known for their exploding portfolios, and huge stockpiles of cash.

btw, wwybywb?

 

[LegendKiller]

http://money.cnn.com/2011/09/27/pf/...lionaires/index.htm?source=cnn_bin&hpt=hp_bn5





Definitely makes a good point. Buffet and Gates are definitely among the super rich, with double digit billions to their names. Paying 55%+ of their income in taxes is a lot of money, but still leaves them with tens of billions. For the person who just broke 1,000,000 a year, paying 500,000 of that to Uncle Sam, in Federal Income tax alone, is obscene. Shoot, when I combine Federal, state, property, and sales tax, I easily hit that 50% mark and I only hit 45K this year.

Hmmm...there's a 50% top marginal tax bracket?

 

[ComradeBeck]

Yea, because meth addicts are known for their exploding portfolios, and huge stockpiles of cash.

btw, wwybywb?

Wealth addiction is the worst of all of them. It is the same sickness as drug addiction. At least drug addicts usually only take down their immediate friends/family while in denial. The rich screw us all to get their fix while coldly manipulating whole populations. Capitalism is just another form of gangsterism and vehicle for corruption.

 

[Bateluer]

Poor millionaires! A couple of points you can expect when hearing from the rich:

A. They don't spend money, that's why they have it. They are obsessive compulsive, or like meth addicts they hoard. Not to innovate, people working on the edge push boundaries, being wealthy means you have a obligation to hold onto their wealth/power through the status quo however they can. (and accumulate more)

B. No one with money thinks they have a lot, this is basic human psychology and one of the oldest sociopathic rationalizations in the books.

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

BTW, millionaires do spend money, relative to their income, just like anyone else.

 

[Bateluer]

Wealth addiction is the worst of all of them. It is the same sickness as drug addiction. At least drug addicts usually only take down their immediate friends/family while in denial. The rich screw us all to get their fix while coldly manipulating whole populations. Capitalism is just another form of gangsterism and vehicle for corruption.

Not sure if trolling or just mentally deficient. Don't have the time to put that in a Fry meme right now.

 

[ComradeBeck]

If you live in NYC, for example, a 500K take home pay is barely scrapping by.

What a crock of shit. Do you really believe this? Wow. 500k is scraping by, I live in a place with a higher CoL and 500k is over 10x the average pay of a American worker. Anyhow, want to buy some unicorn farts? I got them cheap!

 

[LegendKiller]

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

What the fuck are you talking about? Do you even know that 500k/yr is more than 40k/mo? Do you even realize what that means?

Of course you don't, your small mind has no idea what that means, especially to somebody living in NYC. The vast majority of NYC lives on far less than that.

 

[ComradeBeck]

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

This conversation is obviously far above your head. Continue your right-wing bubble boy world economics, do not mind me further.

 

[jman19]

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

BTW, millionaires do spend money, relative to their income, just like anyone else.

Not even close.

 

[IGBT]

there is nothing stopping limousine liberals giving all they want to the IRS. As usual they would rather confiscate the earnings of others to pacify their liberal guilt complex. (liberalism is a mental disorder).

 

[Fear No Evil]

I say we confiscate all but 500k of Buffett's and Gates' money. Or, we could leave them with 500k per year they live.

 

[matt0611]

Poor millionaires! A couple of points you can expect when hearing from the rich:

A. They don't spend money, that's why they have it. They are obsessive compulsive, or like meth addicts they hoard. Not to innovate, people working on the edge push boundaries, being wealthy means you have a obligation to hold onto their wealth/power through the status quo however they can. (and accumulate more)

B. No one with money thinks they have a lot, this is basic human psychology and one of the oldest sociopathic rationalizations in the books.

Yeah, lol, I'm sure the "rich" just hoard all those bills under their mattress. I'm sure none of it used to lend to banks, buy bonds, shares of stocks, provide capital to companies or other investments. Yes, its just all being "hoarded". They should all be lining up to give their money to the black hole that is washington DC instead. I'm sure their money will be put to better use there.

 

[Fear No Evil]

Didn't Buffett just put 5 billion under BOA's mattress?

 

[Phokus]

BRB, i'm going to build the world smallest Stradivarius.

If you live in NYC, for example, a 500K take home pay is barely scrapping by.

HAHAHAHAHAHAHA. Ok, now i see why there's a disconnect, some of you are fucking insane.

 

[badb0y]

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

BTW, millionaires do spend money, relative to their income, just like anyone else.

LOL

 

[RocksteadyDotNet]

It sucks being a millionaire. They are way over taxed.

That's why so many millionaires give away all their money so they can be poor and pay no tax.

 

[PCboy]

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

BTW, millionaires do spend money, relative to their income, just like anyone else.

I think you put an extra zero there.

 

[fskimospy]

Dude, what? Show me a single rich meth addict. Heck, show me a meth addict that isn't hawking stolen goods on the street corner to buy more.

Rest of item A is equally retarded. Item B, is idiotic as well. If you live in NYC, for example, a 500K take home pay is barely scrapping by. I'm sure I seem like I make a lot with my ~40K a year, when the MCDs worker looks at me.

BTW, millionaires do spend money, relative to their income, just like anyone else.

LOL

 

[matt0611]

Didn't Buffett just put 5 billion under BOA's mattress?

Yeah, that greedy fuck. He's hoarding all that!

Can we just confiscate all of Buffet's wealth? There should be a new Buffet rule: "Anyone who complains about not being taxed enough automatically gets taxed 100% of their wealth every year". Maybe that will get him to stop bitching about not being taxed enough.

 

[Macamus Prime]

If you live in NYC, for example, a 500K take home pay is barely scrapping by.

I make $77.5K and I live in NYC. 30% goes to taxes, so I am doing just fine on $55K post tax. If I can live on $55K, these "poor millionaires" can do more than just fine on post tax $500K.

And, millionaires DO hoard cash; liquid e-cash. The fucktard that brought up the mattress "point" is a godamn fucktard. The rich do not create jobs. They use their liquidity to play on the fears of the investment market to make more money. And then they use that money to make even more money.

It's a know fact; the rich get richer. And, salaries of the working American have decreased, while their responsibilities have increased almost quad-fold.

A half empty vault of money is STILL a vault of money. A half empty cupboard of food is barely getting by. I have no sympathies for those that churn billions and "lose" half of it to taxes. Please, they don't lose ANYTHING. They hoard and hide their money.

Stop being ass lickers; the rich are NOT following these forums looking for goons to take into their fold. You can stop pretending you like the taste of rich man grundel and shit – you aren't going to get rewarded for it.

 

[xj0hnx]

The rich do not create jobs.

Really? Who does?

 

[matt0611]

Really? Who does?

Him ^^^^^

See? He's not "hoarding" his cash, he's making it rain.

 

[Macamus Prime]

You there, xj0hnx and matt0611. May you both live forever.