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  1. #11
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    Quote Originally Posted by Marmie Dearest View Post
    The general public isn't smart enough to see that the Republican party uses religion as a show to mask their real intention of robbing people blind.
    I think half of the American population believe themselves to be imminent multi-millionaires also.

  2. #12

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    Quote Originally Posted by Nicodemus View Post
    I like this one:

    "Playing by the rules, one does the best he can, irrespective of the social consequences. Whereas in making the rules, people ought to be concerned with the social consequences and not with their personal interests."
    -- George Soros
    I like that. "Save me from myself." He's right in a sense, but it's disingenuous to suggest that the ones he refers to as playing by the rules don't also indirectly make the rules.

    Quote Originally Posted by Not_Me View Post
    Unfortunately, his voice will fall on deaf ears. The general public is not smart enough to vote in representatives who will actually look after their interests.
    Sure they are. But the general public is operating with the notable handicap that there aren't any such prospective representatives.
    Everybody have fun tonight. Everybody Wang Chung tonight.

    Johari
    /Nohari

  3. #13
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    Quote Originally Posted by EffEmDoubleyou View Post
    Sure they are. But the general public is operating with the notable handicap that there aren't any such prospective representatives.
    But they have themselves to blame. They encourage this behavior. There's a good chance that the Republicans will get voted back to their throne next year, despite (or because of) their rich coddling ways.

  4. #14
    Senior Member Nicodemus's Avatar
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    Quote Originally Posted by EffEmDoubleyou View Post
    He's right in a sense, but it's disingenuous to suggest that the ones he refers to as playing by the rules don't also indirectly make the rules.
    The fact that simply by playing the game a capable player is able to change the rules is due to an error in the game. The rules should prevent the possibility of a player changing the rules without explicitly becoming a maker of them. Then, of course, once he is a maker of rules, he should be prevented from playing the game. The original maker of rules must therefore be incorruptible. Now we are getting dangerously near to the veil of ignorance, so I will stop here.

  5. #15
    ^He pronks, too! Magic Poriferan's Avatar
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    So, do these laissez-faire folks make a distinction between someone that disagrees with them and a radical socialist?
    Go to sleep, iguana.


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    Live and let live will just amount to might makes right

  6. #16
    Senior Member captain curmudgeon's Avatar
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    Quote Originally Posted by Not_Me View Post
    I think half of the American population believe themselves to be imminent multi-millionaires also.
    Not half, perhaps, but my economics professor did tell the class that percentage of Americans who believe their earnings to be in the top ten percentile is rather disproportionate.



    John Stewart did an excellent segment last night lambasting the various Fox News persons that have been decrying Buffet's op-ed as socialist class warfare.

  7. #17
    Senior Member captain curmudgeon's Avatar
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    Quote Originally Posted by Magic Poriferan View Post
    So, do these laissez-faire folks make a distinction between someone that disagrees with them and a radical socialist?
    They havent since the election results, if ever.

  8. #18
    Senior Member Survive & Stay Free's Avatar
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    KILL THEM!!!! KILL THEM ALL!!!!! DIE!!! DIE RICH KID!!! DIE!!!

    NOW FOR YOUR LIBERTARIAN HENCHMEN!!!


  9. #19
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    Warren Buffett's claim that he pays less tax than his secretary is misleading.

    Here is the data on effective tax rate, across different income groups (source: http://www.cbo.gov/ftpdocs/100xx/doc...rates_2006.pdf)
    Top 1%: 31.2%
    Top 10%: 27.5%
    Middle quintile: 14.3%
    Lowest quintile: 4.3%

    Clearly the rich already pay very high tax rates.

    Buffett is also misleading about the impact of a millionaire tax on the deficit. He seems to suggest that a millionaire tax is an alternative to deficit cuts. Lets go further than Buffett proposes, and raise the share of income paid by the top 1% (the cutoff for being in the top 1% is $318,800) by 10% (31.2%->41.2%). This would only raise an additional 177.6 billion dollars - nowhere near enough to plug the 1.4 trillion dollar deficit. What is more, that assumes that A. millionaires don't use their fancy accountants to move assets around in order to avoid taxation and B. that a millionaire tax has no impact on economic growth. Neither of those are likely to happen.

    The US is in a real fix - it will probably need to raise taxes AND cut spending. However, it should do so in a manner that has the least amount of harm to the economy. I'm not sure whether a millionaire tax is the best way to do that (I'd prefer getting rid of loopholes, and a national sales tax).

  10. #20
    can't handcuff the wind Z Buck McFate's Avatar
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    From Study: The More a Country Taxes the Rich, the Happier its People

    Billionaire businessman Warren Buffett, pictured above, argued in a New York Times op-ed last month that the U.S. government doesn't tax him and his super-rich friends enough. "I know well many of the mega-rich and, by and large, they are very decent people," wrote Buffett. "Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering." On the opposite end of the spectrum from Buffett are the few but wildly vocal Tea Party supporters, who advocate a flat tax or the "fair tax," a plan that taxes a person's spending, not their income.

    Science can't tell us which of those plans is "right," per se, but it can help point us in the best direction. And if science is to be believed, it turns out Buffett may be onto something. According to new research to be published in an upcoming issue of Psychological Science, though progressive tax systems result in unequal tax burdens, they also tend to result in happier nations.

    Using Gallup numbers from 2007, University of Virginia psychologist Shigehiro Oishi looked into the relationship between tax systems and quality-of-life polling in 54 nations. He discovered a direct correlation between a country's tax progressiveness and its happiness: On average, people taxed under the most progressive rates were more likely than anyone else to evaluate their lives as "the best possible." They also reported having more enjoyable daily experiences, and fewer negative ones.
    I'd love to see- and I think this would be far more helpful/effective- a comparison specifically between the wealthiest people in the two different systems, to show if those who aren't taxed progressively are any 'happier' for it.
    Reality is a collective hunch. -Lily Tomlin

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