Vast Majority Americans Favor Buffett Rule's Millionaire Tax

29 Sep 2011 07:59 #21 by Rick

CriticalBill wrote:

LadyJazzer wrote: I guess you guys missed the part about "reducing the deficit." I can understand...

Could you enlighten us as to how much of the deficit will be paid down with tax increases proposed? Will it make any significant dent?

? Hello?

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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29 Sep 2011 08:41 - 29 Sep 2011 08:57 #22 by LOL
Guys, you are wasting your time. This Buffett rule is intentionally vague for the purpose of the 2012 class warfare/tax-the-rich campaign. Can't you see that?

I envision something like this. A simple one-page AMT tax reform for millionaires. Obama gets a new job in the IRS headquarters as "Millionaire Tax Czar". He sits at a desk with his trademark pompous look on his face and gets a red pen, and reviews all millionaires' tax returns. Then he arbitrarily edits the line "tax owed". Simple really. All millionaires will file the new form 1040-WTF so it can be easily forwarded to the tax Czar's desk.

If you want to be, press one. If you want not to be, press 2

Republicans are red, democrats are blue, neither of them, gives a flip about you.

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29 Sep 2011 08:53 #23 by bailey bud
I think the Buffet tax initiative is for all practical purposes, a broadway production - starring President Obama and co-starring Warren Buffett.

The whole thing is based on a novel.

It's political grandstanding with almost no serious consequences for tax revenue.

Since it has no consequence:

a) It's not going to solve the serious problems faced for the budget
b) It might help the President get re-elected - but I'm skeptical

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29 Sep 2011 09:01 #24 by Rick
As long as the less uniformed public continues to believe the story, it will help Obama keep the divide strongly in tact. Now if he can come up with a story about how it will supposedly create jobs (that's believable), he may get a little more voter excitement.

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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29 Sep 2011 10:25 #25 by PrintSmith
I've thought it funny as well. The Statist never seeks a reduction in government, only an expansion of it. The solution to the middle class paying a higher rate isn't to lower the rate of the middle class, it is to raise the rate of the those making more than the middle class. The solution to the deficit isn't to reduce the spending to that which the current revenue can support, the solution lies in taking more from the citizens so that the government can spend as it wishes on what it wishes. Seems to me that Statist feels they are entitled to whatever they want from the citizens, whenever they want it.

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