Warren Buffet weighs in on tax cuts and supply side economics

So you think that America should run its budget on donations?

People don’t think taxes should be higher because they want taxes to be hgiher. We are not masochists, we have simply taken a look at the numbers and realize that we CANNOT balance the budget over the long term without a tax increase.

Show me a politically feasible way we can baalnce the budget without a tax increase.

I don’t remember saying that its impossible to pay more in taxes than the minimum you owe. You can do tax planning to increase your tax burden just as easily as you can engage in tax planning to decrease your tax burden.

I seemed like you were supporting the idiotic notion that “well, if he thinks taxes should be higher then he should just pay more taxes” is a sensible argument

My apologies if you recognize this as a stupid argument.

IMM thinks we should eliminate several cabinet level departments entirely, IIRC. Department of Education is one he has particular animus toward.

You think eliminating the Department of Education is politically feasible?

My examples are based on facts and reality. Your objections are based on what some shitbird on FOX told you.

Well anything is debate worthy. But all the things I noted are, to the experts of the field, not very controversial. The Stimulusactually saved us from a much worse recession. Health Care Reform will actually save us quite a bit from the deficit. [<–PDF] The Auto Bailout saved a ton of jobs. The only argument against it is ideological.

Are you aware that ACORN didn’t do anything wrong? Are you aware what the difference between voter registration and voter fraud is? I’d guess a lot of people on the right don’t. Why would people on the right be hysterical about ACORN stealing elections if they were concerned about voter registration fraud? The very act of the uproar shows they don’t understand the issue.

And as for AGW, if you don’t believe in the science you are siding with less than 1% of the working climate scientists on Earth. Why do you trust 1% when 99% are saying something else?

The right, now at least, is based on mythology, lies and wishful thinking. It’s pathetic really.

I don’t; I will let IMM argue that pipe dream.

Ahh…I see now. The Left owns the facts and the right is just parroting that idiot Beck. Got it. It really is pathetic to blame Fox for all that ails you. Not too surprising coming from you.

No, not everything is debate-worthy. The points you claim are simple facts are anything but simple. The fact that you are willing to dismiss anyone who you disagree with shows that your beliefs are nothing more than religious fervor.

I’ve already stated I am not here to argue any of these points. You brought them all up and then you suggest that they are all very simple points. I would suggest that anyone making that argument, not the listed points, is very simple.

No, you have it backwards. The left, now at least, has traded religion for a new belief system. It’s funny, really, to see that people cannot escape religion no matter how hard they try.

To be fair, it’s also right-wing bloggers. :smiley:

Look, the trouble is that many news sources no longer consider it important to fact-check. As it happens the lion share of those sources is on the right. The accusations of bias against the MSM have, if you want to be generous, lead to over correction. On the other had, a lot of sites are simply misinformation farms.

They aren’t simple, but they are true. I don’t dismiss real arguments, but people on the right don’t often bring them. Most people on the right simply think that AGW is a hoax (for instance).

Some things in the world are true. Some people fight against people believing those true things for partisan gain. Those people are shit-heels.

This is the Rovian tactic of attacking where you are weak. The right dismiss AGW by fiat. They believe that cutting taxes increases government revenue. I could go on. Arguing that the left is the side with ideological connection to untrue things is batshit insanity.

Seems like pretty small potatoes. http://www2.ed.gov/about/overview/budget/budget11/summary/edlite-section1.html

I guess eliminating Pell Grants and other funding for poor folks to get educated entirely might have a small effect in the short term.

Seems pound foolish to me for the long term though.

We have too many unemployed poorly educated people and not enough educated people to fill the open jobs. Funding for smart but poor people to get educations seems to have a very effective ROI.

I think that everybody who makes over 1 billion dollars should have all assets above that level taken from them. The last 100 years has shown that nobody needs that kind of money. How about that, Mr. Buffett, since you are the big historo-economist?

Best wishes,
hh