By the way, this is all the more reason why I support the FairTax--it stops the use of the Federal tax code as social engineering. 
Posted on 10/19/2008 1:28:10 PM PDT by ari-freedom
Buried in that 8,000 (!) word NYT magazine article about Obama’s economic plan that I mentioned yesterday, is this bit flagged by Geraghty at Campaign Spot:
“If you talk to Warren [Buffet], he’ll tell you his preference is not to meddle in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.” He continued by saying that he thought there was some merit in Buffett’s argument.
To which, Geraghty responds: “Isn’t it reassuring to have a presidential candidate saying he sees some merit in ‘taxing the heck’ out of something?” Indeed.
(Excerpt) Read more at audacityofhypocrisy.com ...
Saul Alinsky’s Rules on Radical Number 5: ridicule. (Joe the Plumber got subjected to Alinsky’s rules on radicals.)
just damn!
well I don’t think we should tax the wealth just to get back at hollywood liberals. That doesn’t gain us anything. We need to focus on cutting govt so that the role of govt is as small as possible.
I explained this very point to an Obamabot co-worker last week.
I said to this person: "So, Obama wants to tax the corporations because they are wealthy and evil and that money needs to go to the lower class people, right?"
She said, "Right!"
I then asked: "Who do you work for?"
"XXX Telecom."
"Which is a coporation, right?"
(Confusion spreads across the womans face as she is trying to see where I am going with it
" . . ."Uh, yeah, its a corporation. What's that got to do with it?!"
"Well, let's think this though. The Messiah is going to heap huge taxes on corporations, of which you work for and when the taxes get out of hand, the corporation is going to have to do what? Hrmmm? Cut back. Which in turn means, that they will lay off people like you and me. Right?"
The incredulous look was something to behold, but alas, all she could say was . . . "its not going to be like that!"
Some people should never be allowed to procreate. \sarc
“Thank you sir, may I have another?”
...but alas, all she could say was . . . "its not going to be like that!"
It has to be like that. No company stays in business losing money. None ever in the history of the world. If corporations don't earn the money then the government will have to bail them out with corporate welfare. Or go out of business. No other options exist or can exist.
“BTW, IF WARREN BUFFETT THINKS HE IS PAYING TOO LITTLE IN TAXES HE CAN START PAYING MORE. WHO IS STOPPING HIM?!”
Hear! Hear! Buffett should have that fake firm Berkshire Hathaway broken up by the FTC. It’s not a real company. It’s a mutual fund disguised as a company and he doesn’t pay taxes because he never sells the shares so he never realizes capital gains. The whole company is a fake shell and should be broken down. It’s not a holding company or a conglomerate...it’s a mutual fund and everybody knows it...a mutual fund that NEVER pays taxes. That’s why his secretary pays a higher tax rate than he does. But what does he do? Does he go out and tell the public he’s going to restructure his tax dodging apparatus? No...he wants all of us to pay more taxes while he laughs and laughs. They should bust Berkshire and put him in the docks with old Dickie Fuld.
“and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.”
I’m sorry to say this, but I think most people agree with him. Too many have become to used to living off tax dollars and they just want more.
Another WAKE UP call.....
no don’t do that...
Warren wants redistribution of wealth but at least he doesn’t want to control the market. Obama wants to do both.
And give credit to Warren for coming out and saying he will invest solely in US equities. That gives confidence to a very confused market.
“no don’t do that...
Warren wants redistribution of wealth but at least he doesn’t want to control the market. Obama wants to do both.
And give credit to Warren for coming out and saying he will invest solely in US equities. That gives confidence to a very confused market.”
There’s a reason there is only one Berkshire Hathaway and it isn’t above board. Berkshire and Goldman Sachs need to go away.
I've seen this comment before, and I obviously don't have the special Obama glasses needed to understand it, because it just reads like idiotic babble to me.
In what way is "taxing the heck out of people" not "meddling in the economy"? How is it "letting the market work"? Is he seriously too stupid to understand the upstream economic implications of "taxing the heck out of people"?
I read here yesterday that the cumulative effect of his tax policies will push the top marginal rate to 60%. That ought to be great for job creation and investment! /s
We may find that, if His Highness The Lord Obama wins, his economic stupidity causes the economy to tank to such a degree that he is a hated and despised man before his first term is even half over.
By the way, this is all the more reason why I support the FairTax--it stops the use of the Federal tax code as social engineering.
Remember Hiallary said it first.
We must tell everyone we know.
Now if only McCain had the sense to use this info.
Good point, Tiger. And yes, being in telecom we have very large customers and, of course, the US Gubmint. But the company I worked for before we got bought, caters to the smaller corps and small businesses.
In what way is “taxing the heck out of people” not “meddling in the economy”? How is it “letting the market work”?
there is still a big difference between redistribution of wealth and total govt ownership over the means of production. Obama wants both.
I wish you luck planting seeds in your friend. You never know what little factoid or simple piece of logic will hit her like a sledgehammer. Either that or she will be hit by the sledgehammer of being laid off and then she will see you weren't trying to trick her with some kind of spin.
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