Clinton, Buffett Denounce Income Gap

Townhall.com ^ | Dec. 11, 2007 | SCOTT LINDLAW

[digger48]

"It's not as though people will be destitute," Clinton said.

[AppyPappy]

Buffett needs to donate his money to the poor.

[advertising guy]

marxist in the flesh, in your face

[JohnLongIsland]

got to sell that estate life insurance, right mr. buffet.

[2 Kool 2 Be 4-Gotten]

Mrs. “We should be a meritocracy” Clinton doesn’t see the irony that if her name was Mrs. Jones she might now be running for assistant deputy dogcatcher?

[rabscuttle385]

"The estate tax has been historically part of our very fundamental belief that we should have a meritocracy, that we do not want a system - where we expect people to make it on their own - to be, over time, dominated by inherited wealth," she said. "That we do believe that people should have to get out there and make their way, to a great extent."

There are so many loopholes in the tax codes that wealth can be passed from generation to generation amongst such families as the Rockefellers.

Of course, ordinary Americans get socked in taxes. The family of a friend of mine inherited some money when a family member died and had to cough up most of it to the government.

[quikdrw]

Someone should ask her how the Kennedys have managed to hold on to their wealth from Joe, Sr.

[Fairview]

"In the last seven-eight years what has happened is that the super-rich have gotten a huge break," said Buffett, one of the world's richest people.

In the last seven-eight years, Warren, what has happened is that people who are very bright and are willing to work maniacally hard have been freed to indulge their creativity and earn money. This is called "capitalism," Warren. Are you familiar with the concept, Warren? If it bothers you so much, give your money back. Just distribute it to the people. That's what socialism dictates, Warren. But as for the rest of us who are not multi-billionaires, we would like to keep the money we earned and if possible pass it on to our children. You can go ahead and impoverish your children if you want but leave us out of it.

[Yorlik803]

The Goverment needs to lower taxes...
I dream of a day that we have a Fed sales tax instead of the Withholding tax. But it will never happen.

[Goreknowshowtocheat]

I love these guys that have it made and pass their wealth down to avoid the estate taxes want the poor guys to give up even the small amounts they have accumulated because they can’t afford the high priced attorneys to keep it from the IRS. I know why the high flyers like high taxes. It kills off any competition emerging from the 200,000/year class. They know in order to emerge to challenge them you have to accumulate capital. High taxes makes it impossible.

[9YearLurker]

Buffet decrying income inequality? That is rich, as they say.

[donaldo]

That’s a big 10-4. Notice how liberals are always generous with other people’s money.

[Lancey Howard]

So why doesn’t this hypocritical scumbag Buffett start writing some big checks to the government? Say, all but $2 million?

[traditional1]

For all the responsible parents who have worked their entire lives to prepare for a self-created future, and to assure a good start for their children to have a sense of each generation providing a better life for their offspring, she is prepared to shove it up your ass.

You will have the fruits of all YOUR labor doled out to those who feed at the Gubmint trough, and handed to them for their votes.

[kingu]

Proactively give your inheritance to the United States Government - the IRS has a special /donations/ account which you can send your contributions, Mr. Buffet and Ms. Clinton. OOoooh, right, I keep forgetting, can’t actually practice what you preach.

Sorry, grabbers of the left, I do not believe my money is on loan to me for my lifetime, only to become the state’s when I die.

[keepitreal]

“saying it is a key to ensuring the United States remains a meritocracy”

HA and you became a millionaire on merit.

And if this is your goal, please ensure that Chelsea earn her way by getting a job based upon her merit and not her parents, and also make sure that you give away all your money before you die. She should have to earn everything she has.

[kittymyrib]

Well, any time Hillary and Warren want to send me some of their money to erase the income gap, I’ll cash their checks. I just don’t want them to take money from all of us tax turnips so they can buy votes with it while re-distributing it. That’s what the Dems mean by “equality.”

[DoughtyOne]

Well we’ve complained about the gap between Bills (and Jimmy’s) ears for more than a decade. It got us nowhere.

[Mr. Brightside]

What has Hillary done to close the income gap between the poor and her own estate.

They didn’t own a house when they first came to Washington.

Today Hillary alone is worth more than $50 million.

I would like someone to graph the income gap between the poor and Hillary Clinton over the last 20 years.

[Nachoman]

They’re right. Send me some damn money, Hillary!