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| World of Class Warfare - Warren Buffett vs. Wealthy Conservatives | ||||
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23 August 2011
Warren Buffett: Complete Socialist?
John Stewart once again proves that the best defense against Fox News is to take a second to think about what the talking heads are saying.
17 August 2011
Dooble: A Miscellany: Taxes on the Super-Rich Don't Hurt Jobs?
People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
Warren Buffett wants to pay more taxes.
Taxes on the Super-Rich Don't Hurt Jobs?
This isn't anything new - I think it was MoveOn.org that had an ad featuring millionaires asking to have their taxes raised - but it's important to hear Warren Buffett say it as the "super committee" prepares to look at our national budget problems.
Among his most interesting points (made with pesky facts) is that higher tax rates in the 80s and 90s corresponded with job growth, while the last ten years have seen the reverse:
Among his most interesting points (made with pesky facts) is that higher tax rates in the 80s and 90s corresponded with job growth, while the last ten years have seen the reverse:
People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.A friend of mine also shared this graph that shows our budget problems starting with GW Bush's wars and economic policy, which, disappointingly, Obama has not done much to counteract. How is it we're so incapable of having civil, adult conversations about these things with a moderate pragmatist in office?
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