Clinton, Buffett Denounce Income Gap

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

[khnyny]

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

That's the exact same phrase that I copied and pasted, lol. Clinton is such a stupid beatch. American families with businesses, farms, etc. she wants to tax the hell out of, international, top tier corporations; however, now that's a different story.

So, judging from the article, some families whose patriarchs kick the bucket in 2010 will win the financial lottery?? Beyond absurd.

[Sacajaweau]

Meritocracy...Yeh...That’s what Welfare and freebies for illegals is all about, right?

[sono]

Her Thighness needs to talk to that famous Supply Sider, Whoopi Goldberg.

[enough_idiocy]

exactly. no one is stopping him or bill from paying more in taxes or donating their money to equalize things.

[G Larry]

When Hillary and Warren’s annual incomes equal the National average, I may reconsider their outrage.

[CaptainK]

Sit this election out and Hillary will pick your pocket while you lie in your casket.

[sarasmom]

It doesn’t matter to the politicians how hard and long I have worked to provide and secure a better future for my child.

What matters to them is how much of a cut they can take for themselves.
Most people aren’t in Bill Gates position.
Bill Gates probably wouldn’t be in his current position, had he acted as he now preaches, and “shared the wealth with the work” as it was being accumulated.

But how very nice of him to mouth socialistic catchphrases!
Shouldn’t he be the poster child of all socialists?
He got his, let the rest of us eat cake!

[noiseman]

How unvelievably disingenuous, even for two people who specialize in being disingenuous! There’s much more here than meets the eye. Let’s see, why would Warren Buffett care about keeping the inheritance tax? Seems to make no sense until you find that much of Buffett’s wealth has come from acquiring distressed companies for pennies on the dollar; not so coincidentally, companies that in many cases had to be sold to pay inheritance taxes!

So of course Warren Buffett wants to maintain, and if possible, increase the inheritance tax. It’s good for business (his) because it supplies him with a constant stream of cheap buyout targets who are desperate to sell.

[khnyny]

Now that’s a smart post.

[Free State Four]

"A fire hose has been showered on me, and nothing has trickled beneath," Buffett said.

Pee on me, Warren.

Insurance (which provided you the money to invest) is necessary, but it is still, in the long run, mercenary. If you feel that you and Hillary have cheated the United States government of tax dollars - well, there is nothing that says you and Hillary and Bill can't just write a check to the government! What an idea! Don't ask ME to write the check. You write the check yourself.

Hillary: put your money where your mouth is. No trust fund for Chelsea.

[goodnesswins]

Yep...the Seattle Times is one of those companies that actually supported a NO STATE inheritance taxes measure (we lost, stupid people of Washington State voted IN an inheritance tax) because the Times is one of those companies that probably will have to be sold to pay the taxes.

[Chode]

Atlas Puked!!!

[noiseman]

“Times is one of those companies that probably will have to be sold to pay the taxes.”

I’m telling you, this is the key to understanding this dangerous little traveling circus. Buffett is trying to leverage the gullibility and envy of a large portion of the populace to add a few more billion to his wallet.

[outofstyle]

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.

Well said. This message needs to be packaged to sell. Everyone wants to leave something to their kids.

[Gay State Conservative]

Mr Buffett....put your money where your mouth is (literally).Make a check out for a sum that's equal to your net worth minus 10 million dollars that's payable to the "United States Treasury" and send it to Washington,DC.

That way,you'll still be worth more than 99.8% of individuals in the US and 99.9% of the world's individuals.And you will have all but neutralized any charges of hypocrisy that can be made against you.

And for the record,Mr Buffett,I left you $10 million rather than $250K because I'd hate to see you commit suicide or anything.

[LibFreeOrDie]

Warren could start sharing with some of the poor folks in his own backyard.

From the Omaha World-Herald, April 15, 2007 (ironically, tax day!)

http://www.omaha.com/index.php?u_page=2798&u_sid=2365496

“Among America’s 100 largest metro areas, Omaha has the third-highest black poverty rate.”

“Worse yet, its percentage of black children in poverty ranks No. 1 in the nation, with nearly six of 10 black kids living below the poverty line.”

[ripley]

“that people should get out there and make it on their own...”

why is public wealth transfer any different from private wealth transfer?

[PeterPrinciple]

There’s much more here than meets the eye.

---

You are very correct here. Without Inheritance tax:

1) Large fees will not be paid to lawyers

2) Money will not go into foundations to be used for liberal causes.

3) Tax revenue will increase as heirs will have to pay income tax when they sell because the basis of inherited property will remain the purchase price. Property will not get a tax free stepped up basis from an inheritance tax.

4) Heirs will not be able to depreciate inherited property if they do not sell it. Some farm buildings in Iowa have been depreciated 3 times or more.

[freeangel]

“ensuring the United States remains a meritocracy”

Hmmm—then why does she insist, that if we work hard and earn a good income that she still gets to decide how much we can earn before we must bear the burden of those who choose not to earn? Where is their “merit” in life?

[gathersnomoss]

Buffett will gather the guilt ridden liberals in droves. And hillary gets the VagVote. How quaint.