Would this ever happen in America?

[feralkid]

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

So, did you ride your mule through the woods to get to work today, or did you use taxpayer funded infrastructure?

 

[Insomniator]

Originally posted by: feralkid

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

So, did you ride your mule through the woods to get to work today, or did you use taxpayer funded infrastructure?

I don't get people that use that argument. I don't suggest there be NO taxes, of course you need to pay for infrastructure, safety etc. Do you really think it takes ~40% of our income + sales/property/capitol gains etc... or up to what, 60% of rich people's income to run this country? They are still asking for more. When will it end? When we ALL give 100%?

 

[spidey07]

Originally posted by: jjsole

Originally posted by: Common Courtesy
Taxes are a investment in the government.

If you feel that you are getting a decent ROI, then higher taxes may be acceptable.

If you feel your investment is being wasted, then why increase your investment and you may want to decrease it.

Federal taxes are to run the country.

Actually if you look at the allocation, the majority is entitlement programs.

 

[lupi]

I have yet to see a taxation department that won't take your donation checks to the government.

 

[AstroManLuca]

<------------ P&N is that way.

 

[Bu B3ar]

Originally posted by: Insomniator

Originally posted by: feralkid

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

So, did you ride your mule through the woods to get to work today, or did you use taxpayer funded infrastructure?

I don't get people that use that argument. I don't suggest there be NO taxes, of course you need to pay for infrastructure, safety etc. Do you really think it takes ~40% of our income + sales/property/capitol gains etc... or up to what, 60% of rich people's income to run this country? They are still asking for more. When will it end? When we ALL give 100%?

nope, then they make you work free overtime to pay for 105%

 

[God Mode]

Originally posted by: spidey07

Originally posted by: jjsole

Originally posted by: Common Courtesy
Taxes are a investment in the government.

If you feel that you are getting a decent ROI, then higher taxes may be acceptable.

If you feel your investment is being wasted, then why increase your investment and you may want to decrease it.

Federal taxes are to run the country.

Actually if you look at the allocation, the majority is entitlement programs.

Entitlement programs keep their users and children as such to artificially create demand in commerce and economic stimulation.

Do you genuinely think we can have and sustain an entire nation of professionals, merchants and other blue collar workers and maintain the same luxuries some are able to enjoy?

The rich and the well off need these people badly and all of us that aren't them or destitute tend to go about our daily lives keeping things this way. Whatever we all pay to keep them pacified is a necessity and insanely cheap in relation to maintaining the status quo.

 

[Phokus]

Originally posted by: joshsquall
It amazes me how stupid a lot of rich people are.

Did you just call Warren Buffet stupid? Because that makes you a frigging retard.

 

[mikej007]

If I was a multimillionaire or billionaire or whatever, I wouldnt have a problem paying more taxes. If you've got more than enough money, it's not really going to impact you in any major way.

 

[JS80]

If Buffet were born in 1980+, he'd be a nothing. He was born in an era where stock picking was shooting fish in a barrel. I read his books/biographies, and his investing style is nothing special. I doubt he would beat the market if he were a 30 year old fund manager today.

 

[fleabag]

Originally posted by: Phokus

Originally posted by: joshsquall
It amazes me how stupid a lot of rich people are.

Did you just call Warren Buffet stupid? Because that makes you a frigging retard.

What, you've never heard of a stupid, wealthy person? In fact, there isn't a real correlation between IQ and wealth, and when you get high enough, there is a negative correlation between wealth and IQ.

 

[OCGuy]

OMG 44 PEOPLE SIGNED SOMETHING!

GOD DAMN AMERICA!

 

[ShawnD1]

Originally posted by: JS80
If Buffet were born in 1980+, he'd be a nothing. He was born in an era where stock picking was shooting fish in a barrel. I read his books/biographies, and his investing style is nothing special. I doubt he would beat the market if he were a 30 year old fund manager today.

http://seattletimes.nwsource.c...4_berkshiredrop03.html

Most of the decline was in the last three months, when Berkshire posted its fourth-straight decline in quarterly profit amid sagging insurance results. The company still beat the 38 percent tumble of the Standard & Poor's 500 index, the 14th year in 20 that Buffett outperformed the benchmark.
[...]

Buffett, 78, poured money into stocks as prices fell. He increased Berkshire's pace of deals as the contraction in credit markets hobbled buyout firms.

Buffett spent about $3.9 billion on equities in the third quarter, making Berkshire the biggest shareholder in ConocoPhillips, the second-largest U.S. refiner. Berkshire announced 12 acquisitions in 2008, compared with eight in 2007, and agreed to buy $8 billion in preferred shares from Goldman Sachs and General Electric.

"Buffett has the opportunity to do what he does best, which is acquire new companies at prices that have him licking his lips," said Frank Betz, a partner at Carret Zane Capital Management, which holds Berkshire shares. "I don't think Mr. Buffett is bummed out at all."

This alone shows that's quite a bit smarter than the average fund manager. You buy things when they are on sale, not when the price is going up.

http://www.reuters.com/article...0-Apr-2009+PRN20090420

Over the five year market cycle from 2004 to 2008,
the SPIVA scorecard shows that the S&P 500 outperformed 71.9% of actively
managed large cap funds, the S&P MidCap 400 outperformed 75.9% of mid cap
funds, and the S&P SmallCap 600 outperformed 85.5% of small cap funds. These
results are similar to that of the previous five year cycle from 1999 to 2003.

Most fund managers are fucking idiots.

 

[0roo0roo]

naw rich americans send their charity over seas.

 

[JS80]

Originally posted by: ShawnD1

Originally posted by: JS80
If Buffet were born in 1980+, he'd be a nothing. He was born in an era where stock picking was shooting fish in a barrel. I read his books/biographies, and his investing style is nothing special. I doubt he would beat the market if he were a 30 year old fund manager today.

http://seattletimes.nwsource.c...4_berkshiredrop03.html

Most of the decline was in the last three months, when Berkshire posted its fourth-straight decline in quarterly profit amid sagging insurance results. The company still beat the 38 percent tumble of the Standard & Poor's 500 index, the 14th year in 20 that Buffett outperformed the benchmark.
[...]

Buffett, 78, poured money into stocks as prices fell. He increased Berkshire's pace of deals as the contraction in credit markets hobbled buyout firms.

Buffett spent about $3.9 billion on equities in the third quarter, making Berkshire the biggest shareholder in ConocoPhillips, the second-largest U.S. refiner. Berkshire announced 12 acquisitions in 2008, compared with eight in 2007, and agreed to buy $8 billion in preferred shares from Goldman Sachs and General Electric.

"Buffett has the opportunity to do what he does best, which is acquire new companies at prices that have him licking his lips," said Frank Betz, a partner at Carret Zane Capital Management, which holds Berkshire shares. "I don't think Mr. Buffett is bummed out at all."

This alone shows that's quite a bit smarter than the average fund manager. You buy things when they are on sale, not when the price is going up.

http://www.reuters.com/article...0-Apr-2009+PRN20090420

Over the five year market cycle from 2004 to 2008,
the SPIVA scorecard shows that the S&P 500 outperformed 71.9% of actively
managed large cap funds, the S&P MidCap 400 outperformed 75.9% of mid cap
funds, and the S&P SmallCap 600 outperformed 85.5% of small cap funds. These
results are similar to that of the previous five year cycle from 1999 to 2003.

Most fund managers are fucking idiots.

Thank you for proving my point.

 

[CountZero]

Originally posted by: Insomniator

Originally posted by: feralkid

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

So, did you ride your mule through the woods to get to work today, or did you use taxpayer funded infrastructure?

I don't get people that use that argument. I don't suggest there be NO taxes, of course you need to pay for infrastructure, safety etc. Do you really think it takes ~40% of our income + sales/property/capitol gains etc... or up to what, 60% of rich people's income to run this country? They are still asking for more. When will it end? When we ALL give 100%?

Did you happen to read the Buffet article? He paid 18% while his workers paid 33%. The problem isn't the base tax rate its that the tax code is complex and heavily favors the wealthy. The wealthy have the means to play the cup game with their money and pay taxes that are significantly less than their base rate. Its one of the reasons that a flat tax actually does make some sense. A flat 30% (assuming no loop holes, etc) would actually decrease the tax load of his workers and allow him to do whatever he wanted with his money after taxes without having to play games with it.

What I don't get is people worried about taxing the wealthy that are not themselves wealthy.

 

[ShawnD1]

Originally posted by: CountZero
What I don't get is people worried about taxing the wealthy that are not themselves wealthy.

People (Fox News) often confuse personal income tax and corporate income tax. They'll suggest things like companies not growing because rich people are being taxed, but that doesn't make a hell of a lot of sense when you think about it. Does anyone think the CEO of McDonalds personally pays, from his own bank account, for research into a new burger? Of course that's not how it works. Corporate expansion is paid with corporate earnings, which payed corporate income tax; not personal income tax.

 

[SirStev0]

never

 

[zinfamous]

Originally posted by: Bu B3ar

Originally posted by: dullard
Warren Buffet wants to pay more taxes.

Same with Bill Gates.

Our wealthiest usually call for more taxes on the wealthy. It is usually only those who WANT to be wealthy that call for less taxes on the wealthy.

article is two years old, lets see if he still says that after losing a good chunk of his wealth in the downturn. also, didnt see him throwing demonstrations to back it...

I believe he lost ~10 billion already. I don't think he really cares anymore, though. I mean at that point, you pretty much just have to be in it for fun, right? You win some, you lose some, whatever. He's still doing fine.

 

[ShawnD1]

Originally posted by: 0roo0roo
naw rich americans send their charity over seas.

This is so ironic isn't it?

"Help poor starving people in Africa!"
*sees a homeless African American*
"Get a job you lazy sack of shit!!!!"

 

[sao123]

Rich people know they made their wealth of the base of middle and poor classes...
somehow they recognize (even if most of the anti-socialists dont) that their wealth will dissappear if the people responsible for their wealth are gone.

 

[zinfamous]

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

Well, at least we have sewers to throw our money into to.
(Thanks to the government)

At least we have a road, highway, and interstate system.
(thanks to the government)

At least we have clean water piped into our houses.
(thanks to the government)

At least we have public education for our children
(thanks to the government)


.......
.

 

[ShawnD1]

Originally posted by: zinfamous

Originally posted by: Bu B3ar

Originally posted by: dullard
Warren Buffet wants to pay more taxes.

Same with Bill Gates.

Our wealthiest usually call for more taxes on the wealthy. It is usually only those who WANT to be wealthy that call for less taxes on the wealthy.

article is two years old, lets see if he still says that after losing a good chunk of his wealth in the downturn. also, didnt see him throwing demonstrations to back it...

I believe he lost ~10 billion already. I don't think he really cares anymore, though. I mean at that point, you pretty much just have to be in it for fun, right? You win some, you lose some, whatever. He's still doing fine.

He doesn't care because huge amounts of money can be made during a recession if you're one of the people not hurt by it. Example: losing your house because you lost your job sucks, but buying cheap houses because you still have a job is awesome. That article I posted said Birkshire Hathaway is buying out a lot of companies right now, probably for pennies on the dollar, but those companies will be worth a lot of money once the recession is over.

 

[JS80]

Originally posted by: zinfamous

Originally posted by: Insomniator
Anyone who wants to give MORE money to our government is a complete idiot. End of story, period.

1. Why the hell would you give money to an obviously failing and corrupt system. (wait the government already stole our money and did it for us)
2. Why the hell would you want the government to be BIGGER and more involved in our lives? Even if the gov. wasn't pathetic, do we need new parents when we move out of the house? I guess some people actually do...


If you saw some crazy homeless guy throwing money into a sewer drain, would you give him some more money when he turned around and asked you for it? NO, and thats basically what our gov (and ALL governments) do, throw money in the sewer.

Well, at least we have sewers to throw our money into to.
(Thanks to the government)

At least we have a road, highway, and interstate system.
(thanks to the government)

At least we have clean water piped into our houses.
(thanks to the government)

At least we have public education for our children
(thanks to the government)


.......
.

All things that would work better and more efficiently if done privately. Try again.

 

[Chaotic42]

If only they could just donate their money... oh, wait.