Oooops! Old man Buffet has...

[Yonivore]

...climbed down out of the attic.

Warren Buffett Does Not Endorse WH's "Buffett Rule" (http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html)

(video at the link)


CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "

Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."

Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."

[George Gervin's Afro]

...climbed down out of the attic.

Warren Buffett Does Not Endorse WH's "Buffett Rule" (http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html)

(video at the link)

Old man buffet still wants to tax the ultra wealthy just like obama does.. do you have reading comprehension problem?

[Halberto]

Why do people give complete support to a party concerning EVERY topic, like they're infallible. It's intellectual bankruptcy and I don't understand it. Is there a term for this that I haven't heard of? Yoni, you're nothing more than a drone.

[George Gervin's Afro]

Why do people give complete support to a party concerning EVERY topic, like they're infallible. It's intellectual bankruptcy and I don't understand it. Is there a term for this that I haven't heard of? Yoni, you're nothing more than a drone.

oh boy you opened a can of worms on this one..

oh and yoni wears a red skirt and red panties....

[JoeChalupa]

Why do people give complete support to a party concerning EVERY topic, like they're infallible. It's intellectual bankruptcy and I don't understand it. Is there a term for this that I haven't heard of? Yoni, you're nothing more than a drone.

I concur. The problem with both parties is they want to take credit for anything that helps and the GOP will not support ANYTHING right now because it will help Obama and well, Bitch McConnell and the weeper of the House will have nothing to do with that.

[Yonivore]

Old man buffet still wants to tax the ultra wealthy just like obama does.. do you have reading comprehension problem?
Not "just like Obama." Obama also wants all those millionaires and billionaires, making $250,000.00 and over, to fall under the "Buffett Rule."

You the one that can't read. Buffet opposes that idea and, frankly, sound a bit miffed his name is being attached to such a program.

[Yonivore]

I concur. The problem with both parties is they want to take credit for anything that helps and the GOP will not support ANYTHING right now because it will help Obama and well, Bitch McConnell and the weeper of the House will have nothing to do with that.
You're wrong. Conservatives support much of his activities in the war on terror.

[Viva Las Espuelas]

I concur. The problem with both parties is they want to take credit for anything that helps and the GOP will not support ANYTHING right now because it will help Obama and well, Bitch McConnell and the weeper of the House will have nothing to do with that.

Boy. Talk about rich...

[boutons_deux]

The Truth Behind Eric Cantor’s Breitbarting of Warren Buffett

Majority Leader Eric Cantor (R-VA) is leading the charge to protect the rich. This morning, Cantor uploaded a CNBC video on his You Tube page (yes, he has one) he titled, “Warren Buffet Seems To Disagree With President Obama’s “Buffet Rule” (that’s Buffett, Eric). This is, of course, not at all what happened.

In fact, Buffett knocked down the GOP’s business uncertainty meme before he repeatedly said he supported what President Obama is trying to do, and that he would need to read the actual bill before commenting on said bill. Doh.

That didn’t stop Cantor’s communication director from tweeting: “Tough day for the White House – Warren Buffett not so much a fan of President Obama’s Buffett Rule. Yeeesh”

This naturally set off an orgasmic frenzy on the right, with the RNC leading the way on Twitter: “Warren Buffett Not So Keen On ‘Buffett Rule’” under the hashtag of #Obamanomics. (The grown ups are apparently out for the day.) The National Review, The Daily Caller, the DC Examiner and more are jumped on this meme faster than Joe Wilson screaming, “You lie!” Each headline getting progressively farther from the truth, until the DC Examiner’s headline fell on the sword of lies: “Buffett doesn’t support Obama’s ‘Buffett Rule’”

Once again we have to debunk these boys, but there’s a treat in store for you this time. While Sorkin was trying to get Buffett to say he didn’t agree with the President’s plan, Buffett managed to kill the GOP’s “uncertainty” meme along with explaining that he supports people like himself paying their fair share of taxes. Ouch. Because Buffett wouldn’t comment on something he hadn’t yet read, the Republicans decided he must not support it.

This is called projection.

==========

Repugs lips moving? They're LYING

[Wild Cobra]

Old man buffet still wants to tax the ultra wealthy just like obama does.. do you have reading comprehension problem?
I think he was pointing out that Obama is unreasonable in the way he wants to tax, and Buffett is pissed about the Obama administration calling his taxation "The Buffett Rule."

[FuzzyLumpkins]

Buffett says he chooses not to discuss it and Yoni takes that to mean he is taking a stance on it.

Makes sense right?

[Wild Cobra]

Buffett says he chooses not to discuss it and Yoni takes that to mean he is taking a stance on it.

Makes sense right?
Buffett made it clear he is talking about earnings outside of normal income that falls under the normal tax tables.

[Th'Pusher]

Not "just like Obama." Obama also wants all those millionaires and billionaires, making $250,000.00 and over, to fall under the "Buffett Rule."

You the one that can't read. Buffet opposes that idea and, frankly, sound a bit miffed his name is being attached to such a program.

Do you just talk out of your asshole? The 'Buffet Rule' specifically says that it will tax anyone making $1M a year at a minimum tax rate (to account for people who take advantage of the carried interest loophole). Please explain to me how someone making $250k - $999,999 will fall under the Buffett Rule.

[FuzzyLumpkins]

Buffett made it clear he is talking about earnings outside of normal income that falls under the normal tax tables.

Now actually address what I said.

Try again.

[ElNono]

Buffett says he chooses not to discuss it and Yoni takes that to mean he is taking a stance on it.

Makes sense right?

Ofcourse. Ankle-biting at it's finest.

[Wild Cobra]

Do you just talk out of your asshole? The 'Buffet Rule' specifically says that it will tax anyone making $1M a year at a minimum tax rate (to account for people who take advantage of the carried interest loophole). Please explain to me how someone making $250k - $999,999 will fall under the Buffett Rule.
No, it's you talking out your ass.

Buffett does not agree with what they are calling the buffett rule.

[FuzzyLumpkins]

No, it's you talking out your ass.

Buffett does not agree with what they are calling the buffett rule.

He neither agrees or disagrees.

What does


That's another program that I won't be discussing.

mean?

He will not say one way or another. What he talks about are the programs he has proposed not about what other s have proposed.

[Wild Cobra]

Now actually address what I said.

Try again.
I did. Do you have a comprehension issue?

Buffett clearly indicated by the way he worded it he doesn't agree with a income point at which you apply the minimum tax rate. He did so by excluding entertainment personalities. He said "But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

Him saying he won't talk about the other program to me means he will not waste his time on it other proposals. It clearly isn't his idea since he clearly excluded baseball players and TV personalities are excluded.

[ElNono]

Him saying he won't talk about the other program to me means he will not waste his time on it other proposals. It clearly isn't his idea since he clearly excluded baseball players and TV personalities are excluded.

Now in English please?

[Th'Pusher]

I did. Do you have a comprehension issue?

Buffett clearly indicated by the way he worded it he doesn't agree with a income point at which you apply the minimum tax rate.

You honestly don't know what you're talking about, just like Yoni. The 'Buffett Rule' is a specific proposal that will effectively eliminate the carried interest tax loophole which applies to people make <$1M per year of unearned income.

In addition to the Buffett Rule, Obama is proposing to let the bush income tax cuts expire on people making over $250k per year in order to pay for the jobs bill he's pedaling, which Mr. Buffett said he would not comment on as the bill has not been crafted.

You, like Yoni, talk out of your asshole because you're uninformed.

[Wild Cobra]

Now in English please?
He clearly does not endorse raising that rates on the $250k+ crowd.

Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change.

[ElNono]

He clearly does not endorse raising that rates on the $250k+ crowd.

That's his proposal. He's not talking about the "Buffet Rule". He said he won't comment on other proposals.

Do you have a comprehension issue?

Since when not commenting = not endorsing?

[Wild Cobra]

Since when not commenting = not endorsing?
When he said he would not raise taxes on them.

[Th'Pusher]

Their taxes won't change because these are income taxes which are currently taxed at 36%. The Buffet rule addresses unearned income. That is the buffett rule, which he appears to agree with.

Obama has also proposed letting the income tax cuts expire on those making $250k+ per year. That would affect the baseball player/television star. That is what Buffet said he would not comment on as the bill has not been crafted.

This is not difficult.

[Wild Cobra]

Their taxes won't change because they're income taxes which are currently taxes at 36%. The Buffet rule addresses unearned income. That is the buffet rule.

Obama has also proposed letting the income tax cuts expire on those making $250k+ per year. That would affect the baseball player/television star. That is what Buffet said he would not comment on as the bill has not been crated.

This is not difficult.
Agreed.

Very simple if you ask me.

[Th'Pusher]

Agreed.

Very simple if you ask me.

So you agree that Buffett has no issue with the Buffett Rule and that Yoni has no idea what he is talking about?

[FuzzyLumpkins]

I did. Do you have a comprehension issue?

Buffett clearly indicated by the way he worded it he doesn't agree with a income point at which you apply the minimum tax rate. He did so by excluding entertainment personalities. He said "But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

Him saying he won't talk about the other program to me means he will not waste his time on it other proposals. It clearly isn't his idea since he clearly excluded baseball players and TV personalities are excluded.

Quote the specific part of what he said that you gleaned this from.

[FuzzyLumpkins]

Why do people give complete support to a party concerning EVERY topic, like they're infallible. It's intellectual bankruptcy and I don't understand it. Is there a term for this that I haven't heard of? Yoni, you're nothing more than a drone.

Its an unfortunate by product of the two party, winner take all system.

[Wild Cobra]

So you agree that Buffett has no issue with the Buffett Rule and that Yoni has no idea what he is talking about?
It seems to me that what the Obama administration want's to call the Buffett Rule, is a bastardization of his idea.

I agree with Yoni. He sees the separation of Buffett's idea, and how the other tax is being talked about side by side, which is not endorsed by Buffett. I think the confusion arises from not separating the different ideas. Buffett in the video says he supports what Obama is trying to do, but indicates it is a different program. He says he will wait until he sees the legislation to agree or disagree with the other tax change.

[ElNono]

When he said he would not raise taxes on them.

That his proposal, which isn't the "Buffet Rule".

He said he's not commenting on the "Buffet Rule" or other proposals.

Are you this dumb?

[ElNono]

It seems to me that what the Obama administration want's to call the Buffett Rule, is a bastardization of his idea.

ding ding ding... took you a while.

The "Buffet Rule" is a different proposal that might encompass some of what he proposed, but he choose not to comment on.

[Wild Cobra]

ding ding ding... took you a while.
Really?

My first post in this thread:


I think he was pointing out that Obama is unreasonable in the way he wants to tax, and Buffett is pissed about the Obama administration calling his [Obama's] taxation "The Buffett Rule."

The "Buffet Rule" is a different proposal that might encompass some of what he proposed, but he choose not to comment on.
No. Buffett indirectly says he would not increase taxes on earned income paid under the standard income tax tables for earned income.

[ElNono]

Really?

My first post in this thread:

But that statement actually does not have anything to do with what Buffet said.


No. Buffett indirectly says he would not increase taxes on earned income paid under the standard income tax tables for earned income.

He wasn't commenting on the "Buffet Rule". Darn, you're dense or stupid or both.

[Wild Cobra]

He wasn't commenting on the "Buffet Rule". Darn, you're dense or stupid or both.
He made comments on both.

[Th'Pusher]

I agree with Yoni.

Yoni said "Obama also wants all those millionaires and billionaires, making $250,000.00 and over, to fall under the "Buffett Rule.""

Please explain to me how you agree with that statement as that is what I said he was talking out of his asshole about and what you initially challenged me on.

[Wild Cobra]

akVb2G5K8oE

[Th'Pusher]

akVb2G5K8oE

So you post a video that is in direct conflict with what Yoni says after you said you agree with him? Yoni said that people making between $250k and $9.99K per year would be affected by the Buffet Rule. You say you agree with Yoni and then post a video of Buffett explaining exactly what I said but what you claimed I was talking out of my ass about? Smart.

[FuzzyLumpkins]

We don't call him Wild Dumbass for nothing. Keep up the comedy relief, parts changer.


CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."

Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."

He says specifically that he is not commenting on that package and apparently talking about a different package means you are talking about that package anyway.

Have to love it.

[Wild Cobra]

So you post a video that is in direct conflict with what Yoni says after you said you agree with him? Yoni said that people making between $250k and $9.99K per year would be affected by the Buffet Rule. You say you agree with Yoni and then post a video of Buffett explaining exactly what I said but what you claimed I was talking out of my ass about? Smart.
If I misread what Yoni said, I'm sorry. He doesn't say much, but appears to me that he is separating the two. The point I see him making is that the $250k+ is not part of the Buffett rule, just because they are high wage earners. To qualify under the Buffett rule means having income outside of filing on the Schedule X, Y-1, Y-2, or Z tax tables.

Yoni does not say that. He says the administration wants to include those under the Buffet Rule. He says:
Obama also wants all those millionaires and billionaires, making $250,000.00 and over, to fall under the "Buffett Rule."

He sees the distinction.

[Th'Pusher]

But people making between 250 and 1M will not "fall under the buffet rule", so Yoni was wrong and I pointed that out. You jumped in and suggested that I was talking out of my ass and followed that up with agreeing with Yoni, which means you too are wrong.

[Wild Cobra]

But people making between 250 and 1M will not "fall under the buffet rule", so Yoni was wrong and I pointed that out. You jumped in and suggested that I was talking out of my ass and followed that up with agreeing with Yoni, which means you too are wrong.
Have you not been following the news? They are going to call the package "The Buffet Rule." I understood Yoni's complaint, why is it that hard? He clearly knows the difference.

Why are you making this about Yoni anyway?

[Th'Pusher]

Have you not been following the news? They are going to call the package "The Buffet Rule." I understood Yoni's complaint, why is it that hard? He clearly knows the difference.

Why are you making this about Yoni anyway?

I have been following the news and have yet to hear anyone refer to Obama's jobs bill as the buffett rule. I simply called out yoni's uninformed position and you lashed out in a fit of rage because one of your fellow right-wing idealogues was called on his bullshit uniformed statement.

[Wild Cobra]

Call it what you will. Doesn't matter to me. I'm done with this petty argument.

[ElNono]

He made comments on both.

On the Buffet Rule:

"That's another program that I won't be discussing"

Really? Are you dumb?

[Th'Pusher]

Call it what you will. Doesn't matter to me. I'm done with this petty argument.

There really is no argument tbh. The buffet rule won't affect people making less than $1M.

[FuzzyLumpkins]

The rich planters in the south used to dominate the political landscape in large part because they would include poor whites in their social policies. Not economic of course.

Now this is not to claim that the current GOP is a bunch of racist pricks although it is no coincidence that those former southern democrats defected to the GOP in the 70s and 80s. I see a very similar approach with the GOPs politics.

I just think its hilarious that someone that is middle class like WC spouts the dogma of those ultra rich as if he has any horse in that race but its similar circumstances. Its just a different group of stupid crackers.

[Wild Cobra]

My horse in the race is being employed by millionaires.

[Th'Pusher]

My horse in the race is being employed by millionaires.

Unless you're changing parts for a hedge fund, you're employer is likely not going to be affected by the buffett rule. You need to start voting for you're own financial interests instead of being a mindless shill for people who don't have your financial interest in mind in an effort to vote for a republican party your dad voted for that no longer exists.

[TDMVPDPOY]

whats the point of taxing the high income earners if they are going to deferred their income over number of years of take up share options...

imo should be taxing the ppl who earn alot of money but do jackshit to earn it, example CEOS....

[FuzzyLumpkins]

My horse in the race is being employed by millionaires.

That is akin to what Nietzsche termed a slave morality. Sycophant to the financier overlords much?

[DMC]

Why do people give complete support to a party concerning EVERY topic, like they're infallible. It's intellectual bankruptcy and I don't understand it. Is there a term for this that I haven't heard of? Yoni, you're nothing more than a drone.
There's a term for it. Religion.

[DMC]

My horse in the race is being employed by millionaires.
Stockholm syndrome

[Wild Cobra]

You need to start voting for you're own financial interests instead of being a mindless shill for people who don't have your financial interest in mind in an effort to vote for a republican party your dad voted for that no longer exists.
Is that why libtards vote to redistribute other peoples money?

Sorry, but I have compassion for others.

[boutons_deux]

"I have compassion for others"

:lol :lol :lol

You the typical sociopathic, anti-humanist, uncivilized, ideological right-wing extremist. Millionaires don't create jobs, any more than tax cuts create jobs.

What you support is the redistribution of wealth from the lower 95% upwards, and the amassing of capital and abusive political power by people who support your VRWC ideology.