This should make all of you faux rich and real rich wince: ( lets face it....whether you are or you are not if you're GOP you at least have been bamboozled to believe you are rich ) http://www.businessweek.com/news/2012-01-24/buffett-blames-congress-for-romney-s-15-u-s-federal-tax-rate.html What now.....is Buffet ready for the looney bin? :lol: :lol: 8)
We've been through this many times before.....that has absolutely nothing to do with the vast majority of conservatives. Your claim that it's all about economics misses the mark by light-years..... The vast majority just believe that the Founding Fathers had a pretty damn good idea that people need to be responsible for themselves and don't need to be told how to live their lives on a daily basis by those angels the libs/progressives believe have been heaven-sent to Washington to re-craft society in their image.
Buffet's not ready for the looney bin. He's just doing the bidding of the folks that keep filling his pockets. Wonder why Obama did the stupid thing in quashing the Keystone pipeline? It's to help his buddy Warren. http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-northern-among-winners-in-obama-rejection-of-pipeline.html Just like the Solyndra execs. He's screwing America to help his buddies.
Buffet? Not hardly, but he is ignoring the effects on the double taxation of company earnings in which investors have an interest. In actual effect, Romney's tax rate would be far in excess of "15%" Bear with me here.....let's say Romney has an interest in a company with pre-tax earnings of $100. Uncle Sam takes roughly 35% of that leaving $65 to the owners ($100 - 35%). The company distributes that as a dividend to Romney and he pays 15% to Sam for the privilege of getting his money back. At the end of the day, the $100 pre-tax that Romney's company earned has finally made it's way into his pocket masquerading as $55 ($65 - 15%).....and the lib/dems scream that Mitt is only being taxed at 15% and the taxpayers are getting screwed. Mitt's true economic tax rate is actually 45%.....the $100 was his money to begin, he only received $55 and the only thing that stood in the way was Uncle Sam with his hand out..... Now as it relates to spinning this issue, we can classify the lib/dems in two camps.....1) those that are ignorant of the effects of double-taxation and it's true economic burden, or 2) those that are aware and are spinning with the clear intent to deceive. So the question I have for this administration and lib/dem leadership is 1) are you ignorant? or 2) Is it your intent to deceive?
It will be interesting to see once the smoke clears which party has the drop on the other. I am sure there will be surprises.....sorta like the ad I saw this morning on TV that had Romney and Florida governor Rick Scott standing next to each other while Romney's own bout with medicare fraud was being discussed. Hmmmm.......that was news to me and any association with Scott about that issue here in Florida mostly leads to a great deal of negativity.
Gets worse than that, Dave...today they're associating Romney with Charley Crist. http://www.newsmax.com/InsideCover/romney-crist-rubio-gingrich/2012/01/23/id/425195?PROMO_CODE=DFEB-1
When Obama killed the proposed oil pipeline last week an estimated 20,000 jobs went down the drain with it, not to mention untold fees and tax revenues. Everybody is a loser, right? Wrong! The Burlington Northern Railway is transporting oil from Canada the old fashioned way. Who owns the railroad? Berkshire Hathaway. Who owns Berkshire? The principal stockholder is Warren Buffett. Also, if you look at Queen Michele tonight at the SOTU, you will see Buffett's secretary as the President's invited guest. So, you see MCG, you might want to reconsider that reacharound for old Warren. he is doing mighty fine without you. :lol:
That link is broken. Here's another one... Warren Buffett Stands To Make Huge Profit From Obama’s Rejection of Keystone Pipeline… Obama scores a two-for-one, he gives his far-left “green” base their pound of flesh and lines the pockets of one of his most valuable supporters. (Bloomberg) — Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit. With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department. “Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc., said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.” The State Department denied TransCanada a permit on Jan. 18, saying there was not enough time to study the proposal by Feb. 21, a deadline Congress imposed on President Barack Obama. Calgary-based TransCanada has said it intends to re-apply with a route that avoids an environmentally sensitive region of Nebraska, something the Obama administration encouraged. The rail option, though costlier, would lessen the environmental impact, such as a loss of wetlands and agricultural productivity, compared to the pipeline, according to the State Department analysis. Greenhouse gas emmissions, however, would be worse.
How about when the camera zoomed in on Buffett's secretary and Obama made this totally false observation: I paraphrase... It's just not right that Warren Buffett paid less taxes than his secretary. Not right. And not accurate.
Are they ignorant, or do they intend to deceive? In this case, clearly it is with the intent to deceive.....why? Why must they intentionally deceive unless their message and actions cannot stand up to honest examination and they must therefore rely on the inability or unwillingness of the masses to understand the truth? I don't know what you call that, but it's not leadership....
Obviously inaccurate but most observers would know that. Makes you wonder if he meant to say it that way though..... Hey I have said before that I am not necessarily an Obama fan......never voted for him in my life. What I am concerned about though is a GOP Congress with a GOP President taking more money from my middle class ass while protecting and enhancing the rich. Note to STU.....I don't want something GIVEN to me.....I just don't want any more taken from me than I already give.
Under what set of circumstances do you think that would happen? Do you honestly believe that less of your wealth will get taken from you and sent to DC under this President than a more fiscally conservative alternative? I just don't see how that is possible.....help me understand how that might happen.
Dave, That's the problem... I would contend that most Americans would NOT understand Obama's comment. People just don't educate themselves any more and they are quick to jump on any sound bite they hear and accept it as gospel.
BT......I just don't think that the GOP gives a rat's ass about me and the majoriity of Americans who also happen to fall into my middle class economic status.
Wealthy can't enjoy being wealthy unless they have a healthy middle class working and building their toys and using their wages to buy products and support their businesses. They need the little people!!
More on Buffett's "poor" secretary. Forbes is reporting that she earns at lleast $200K per year, perhaps as high as $500K.