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Reply #43: Gates, definitely yes. Buffet is arguable. [View All]

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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-23-09 01:07 PM
Response to Reply #32
43. Gates, definitely yes. Buffet is arguable.
"Behind every great fortune lies great crimes" - Balzac


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  -A fair estate tax plan: Tax the fuck out of Billionaires when they die pilsner  Jan-23-09 10:46 AM   #0 
  - Why wait for them to die?  Oregone   Jan-23-09 10:47 AM   #1 
  - exactly!  robinlynne   Jan-23-09 11:07 AM   #19 
  - If you did that...  naaman fletcher   Jan-23-09 10:48 AM   #2 
  - Hahahaha  Stinky The Clown   Jan-23-09 10:49 AM   #3 
  - I guess, its true though..  naaman fletcher   Jan-23-09 10:50 AM   #7 
  - Spending it is fine by me.  deadmessengers   Jan-23-09 10:57 AM   #14 
  - its a tradeoff between consumption and investment  naaman fletcher   Jan-23-09 11:10 AM   #20 
     - Yes and no.  Selatius   Jan-24-09 05:40 PM   #97 
  - In the first place, spending billions ain't easy, the most likely ways to do it are  greyhound1966   Jan-23-09 01:04 PM   #42 
  - When tax rates are high, the rich look for ways to reduce  formercia   Jan-24-09 08:43 AM   #85 
     - Which is why we need a complete overhaul of the tax code. The first step; scrap the whole thing.  Greyhound   Jan-24-09 12:30 PM   #87 
  - The good 'ol trickle down bullshit about rich folks.  Ikonoklast   Jan-23-09 03:40 PM   #73 
  - what don't you understand?  naaman fletcher   Jan-23-09 11:51 PM   #76 
     - If you think the wealthy leave their money in a 'bank'  Ikonoklast   Jan-24-09 12:39 AM   #78 
     - i understand it well..  naaman fletcher   Jan-24-09 02:26 PM   #92 
        - Yeah, this is just what Madoff and Thain were thinking...  JackRiddler   Jan-24-09 08:09 PM   #103 
           - I have absolutley no idea  naaman fletcher   Jan-26-09 11:08 AM   #106 
              - The modern-day capital markets serve the purpose...  JackRiddler   Jan-26-09 12:36 PM   #108 
                 - ok..  naaman fletcher   Jan-26-09 01:56 PM   #110 
                    - Do we need capital markets?  JackRiddler   Jan-26-09 02:09 PM   #111 
                       - that's two different issues..  naaman fletcher   Jan-26-09 02:26 PM   #112 
     - and all those billionaires keep all thier money in American banks, right?  Donnachaidh   Jan-24-09 08:01 AM   #83 
     - it doesn't matter all that much..  naaman fletcher   Jan-24-09 02:27 PM   #93 
     - Apparently you don't understand how our monetary system works.  Greyhound   Jan-24-09 12:24 PM   #86 
        - I understand it well..  naaman fletcher   Jan-24-09 02:27 PM   #94 
           - "Money in a bank account gets loaned out to others to buy houses, start businesses, etc."  Greyhound   Jan-24-09 03:00 PM   #95 
              - of course,  naaman fletcher   Jan-26-09 11:09 AM   #107 
  - Which is why it's a good policy. Hoarding wealth is not good for the economy.  anonymous171   Jan-24-09 12:30 AM   #77 
  - Great!  JackRiddler   Jan-24-09 12:46 PM   #88 
  - "$30million"...???  QuestionAll   Jan-23-09 10:50 AM   #4 
  - Better Plan  zorahopkins   Jan-23-09 10:50 AM   #5 
  - Is that what Warren Buffett and Bill Gates did?  mainer   Jan-23-09 12:20 PM   #32 
     - Gates, definitely yes. Buffet is arguable.  greyhound1966   Jan-23-09 01:07 PM   #43 
        - Then a good chunk of Congress has committed "great crimes"  guardian   Jan-23-09 01:54 PM   #60 
        - Of course they have. Pelosi and Feinstein alone could fill a page with  Greyhound   Jan-23-09 02:13 PM   #61 
        - Yeah, that John Kerry! Lock him up for marrying the wrong woman...  mainer   Jan-23-09 02:36 PM   #64 
        - Look into the history of the Heinz corporation, you will find the crime. n/t  Greyhound   Jan-23-09 03:39 PM   #72 
        - OMG, you just discovered the ruling class...  JackRiddler   Jan-24-09 12:48 PM   #89 
        - Buffet didn't get rich committing crimes..  naaman fletcher   Jan-23-09 02:20 PM   #62 
           - As I said, he is arguable. Berkshire-Hathaway frequently does good for  Greyhound   Jan-23-09 02:37 PM   #65 
  - Nah. That would just encourage them to launder it.  Occam Bandage   Jan-23-09 10:50 AM   #6 
  - Good! They should spend that money! Circulate it back into the economy instead of hoarding it!  w4rma   Jan-23-09 10:53 AM   #11 
  - Rotting in a bank? Where it can be used to fund other businesses?  mainer   Jan-23-09 12:17 PM   #29 
  - I personally would like to see graduation.  deadmessengers   Jan-23-09 10:51 AM   #8 
  - The problem with a graduated estate tax  pilsner   Jan-23-09 10:55 AM   #12 
     - That's a problem with Congress, not with graduation  deadmessengers   Jan-23-09 10:56 AM   #13 
  - Tax 'em to death right now  Stinky The Clown   Jan-23-09 10:51 AM   #9 
  - Bad Idea  BanTheGOP   Jan-23-09 12:22 PM   #34 
  - And the differece between 30 million and the 10 your postulate as correct  Stinky The Clown   Jan-23-09 12:40 PM   #38 
     - Frankly, it's more of a psychological amount  BanTheGOP   Jan-23-09 12:53 PM   #40 
  - That right, lets wipe out George Soros bank acount  Thothmes   Jan-23-09 03:32 PM   #71 
     - Gotta start some place  Stinky The Clown   Jan-23-09 03:46 PM   #74 
     - if that would mean getting at Prescott Bush's *fortune* too, go for it.  Donnachaidh   Jan-24-09 08:06 AM   #84 
     - Oh, what would the world do without the glorious humanitarian billionaires...  JackRiddler   Jan-24-09 12:50 PM   #90 
        - How many bucks has Soros or Kennedys given to the causes  Thothmes   Jan-24-09 05:58 PM   #98 
           - Zero.  JackRiddler   Jan-24-09 06:50 PM   #101 
           - How many bucks have Scaife, Coors, etc. given to fight  hay rick   Jan-24-09 07:00 PM   #102 
  - I'm all for taxing the evil, rich bastards.  Xenotime   Jan-23-09 10:52 AM   #10 
  - Tax the heirs...  TreasonousBastard   Jan-23-09 10:58 AM   #15 
  - Amen. This country was founded partly as a reaction to landed gentry.  Coventina   Jan-23-09 11:01 AM   #17 
  - Naw! Let's leave it for their spoiled spawn.  kentuck   Jan-23-09 10:59 AM   #16 
  - That's the ticket!  ShortnFiery   Jan-23-09 11:02 AM   #18 
  - Once they're dead, there shouldnt' much fuck left in them to tax  Bucky   Jan-23-09 11:12 AM   #21 
  - Wealth tax. 5% of anything over a million. Each year.  Clear Blue Sky   Jan-23-09 11:17 AM   #22 
  - Interesting..  naaman fletcher   Jan-23-09 11:48 AM   #23 
  - So the family that bought early in California and now has a $1M house  HardcoreProgressive   Jan-23-09 12:09 PM   #26 
  - I'm not entirely disagreeing with you, but with this type of tax structure you would  greyhound1966   Jan-23-09 01:21 PM   #45 
     - Prop 13, like many of our tax laws, had good goals and lousy implementation  HardcoreProgressive   Jan-23-09 01:44 PM   #52 
  - Including real estate?  mainer   Jan-23-09 12:12 PM   #27 
  - Inflation makes this punitive and unproductive...  JackRiddler   Jan-24-09 12:54 PM   #91 
  - Great Post!  terisan   Jan-23-09 11:51 AM   #24 
  - Going to have to fix a number of laws and the tax system first.  HardcoreProgressive   Jan-23-09 12:07 PM   #25 
  - So lets use your idea for a minute...  Belial   Jan-23-09 12:16 PM   #28 
  - And when the current have-nots become the haves...  mainer   Jan-23-09 12:18 PM   #30 
  - Ahhh... perhaps the poor? The jobless? The homeless?  BanTheGOP   Jan-23-09 12:18 PM   #31 
  - ahh.. so punish the many because of a few?  Belial   Jan-23-09 12:44 PM   #39 
  - "Tax the Rich. Feed the Poor. Til there are no Rich No More"  leftstreet   Jan-23-09 12:22 PM   #33 
  - The commons and a rising basic living standard.  greyhound1966   Jan-23-09 01:24 PM   #46 
  - Is it really that hard to figure out?  Hugabear   Jan-23-09 01:49 PM   #58 
  - ME!!!!!!!!!  olegramps   Jan-24-09 06:03 AM   #80 
     - Sure, you too!!!!  JackRiddler   Jan-24-09 08:17 PM   #104 
  - I think tax level is less of an issue than tax enforcement here.  Donald Ian Rankin   Jan-23-09 12:22 PM   #35 
  - Both are absolutely valid.  greyhound1966   Jan-23-09 01:30 PM   #48 
  - Not enforcement, revision. The people paying very little are following the law  HardcoreProgressive   Jan-23-09 01:45 PM   #54 
  - taxing the rich?  madrchsod   Jan-23-09 12:31 PM   #36 
  - This would pretty much wipe out many retirement plans  mainer   Jan-23-09 12:36 PM   #37 
  - Under a just retirement system...  BanTheGOP   Jan-23-09 12:55 PM   #41 
  - I already contribute to a "general fund." It's called Social Security.  mainer   Jan-23-09 01:32 PM   #49 
     - You are forgetting...  BanTheGOP   Jan-23-09 01:39 PM   #51 
        - Retirees already get subsidized health care -- Medicare.  mainer   Jan-23-09 01:46 PM   #55 
           - A comprehensive single-payer health care system...  BanTheGOP   Jan-23-09 03:50 PM   #75 
  - Your scenario assumes $1,000,000 sitting in a safe as cash. That is not how  greyhound1966   Jan-23-09 01:38 PM   #50 
     - We all now know that 3% isn't guaranteed.  mainer   Jan-23-09 01:45 PM   #53 
     - Government bonds are guaranteed and that's the kind of investment you make  Greyhound   Jan-23-09 02:34 PM   #63 
        - And that's what I've been doing.  mainer   Jan-23-09 02:38 PM   #66 
           - I didn't know you were a billionaire. I guess you'll just have to eek out an existence  Greyhound   Jan-23-09 02:40 PM   #67 
              - I'm responding to the "5% wealth tax for anything over a million"  mainer   Jan-23-09 02:42 PM   #68 
                 - OIC, sorry. I thought this was still about the 90% estate tax.  Greyhound   Jan-23-09 02:50 PM   #69 
     - btw, getting Alzheimers costs way more than $50,000 a year.  mainer   Jan-23-09 01:48 PM   #57 
  - Why couldn't government do that?  Hugabear   Jan-23-09 01:51 PM   #59 
  - "Permanent exemption level" would be the kiss of death - think Alternative Minimum Tax  ThomWV   Jan-23-09 01:12 PM   #44 
  - All that would do is raise prices on goods and services for all us peons. n/t  Contrary1   Jan-23-09 01:28 PM   #47 
  - If progressive taxation is hopeless, then shouldn't we just give up and all become Pubs? nt  Romulox   Jan-23-09 01:47 PM   #56 
  - Surely there are other options...  blindpig   Jan-26-09 02:31 PM   #113 
  - Reich-wing propaganda, just like it's retarded cousin "corporations don't pay taxes".  Greyhound   Jan-23-09 02:54 PM   #70 
  - That's . . . er. . . . kind of silly.  HughBeaumont   Jan-24-09 07:34 AM   #82 
  - Adjust the exemption levels to inflation to be fair  Blue Dog Dominion   Jan-24-09 04:03 AM   #79 
     - $3.5M exemption would affect one half of one percent of estates  TorchesAndPitchforks   Jan-24-09 07:17 AM   #81 
     - Q) Who DOESN'T want to be a Millionaire?  Blue Dog Dominion   Jan-24-09 05:25 PM   #96 
        - Exempt $15 million individual, $30 million for a couple  pilsner   Jan-24-09 06:06 PM   #99 
           - Married people should not get higher exemptions  Blue Dog Dominion   Jan-24-09 06:15 PM   #100 
              - He didn't propose that. If one person gets $15 mil, shouldn't two get $30 mil?  Egalitariat   Jan-26-09 01:08 PM   #109 
     - ...or a multiple of the minimum wage.  yowzayowzayowza   Jan-24-09 11:24 PM   #105 
 

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