Do rich people work harder?
- Thread starter Andre Marc
- Start date
Actually Buffet's secretary is very well paid...Buffet was just commenting that she paid a higher tax rate on her salary than he did
on his residual income.
That was my impression from the interview on The Daily Show ... I still would like to know where that piece of information came from, that W. Buffet very own secretary is "poverty-stricken" ??
Or is it relative to Buffet very own compensation? Maybe what she makes (Millions?) is nothing compared to his billions ... Many would like to be so "Poverty-Stricken"
---- There is no way that I can leave this above post without a reply.
Mark, I know a great deal on what you're talkin' 'bout.
And it seems to me that your time would be better spent on you rather than others, if you know what I mean.
I could write a book or few on this subject, but I won't.
We have only one life to live, one shot at this world, and nobody else has anything to do with it, it's our life.
I'm not going to tell how very very hard I worked all my life, and the people I met along the way. I did work very hard, and I met all kind of people.
I am very rich too. I can have anything I want, even happiness.
But I tell you this though; I had my fair share of 'encounters' (experiences), and they helped me build who I am today.
Through my own eyes, my own visions, my dreams, my thoughts, I have learned to self-control myself from some of the surroundings I've been encircled once and some.
Here's: Action/Reaction/Interaction. This, is the world we live in. Nobody created it, nobody controls it, and nobody, poor or rich, has the power to dictate its direction (destiny). Que sera sera.
---- Mark is conscious of that, it's just that it's very tough for him to free himself totally from the dark side, if you know what I mean.
-- Some of my best friends are some of the hardest working and poorest people.
And I know very very few people who are truly rich; but there are some, even here. :b
And I know very very few people who are truly rich; but there are some, even here. :b
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I actually agree with most of that, except that I know a lot of progressives and I don't think I've met or heard of a single one, in or out of office, who is proposing a 91% marginal tax rate. I think that one is what is commonly referred to as a straw man, though I must admit, I would have found it nearly impossible to resist myself.
Tim
PS:
I absolutely agree, but would add that there are some things we have attempted to privatize that just don't work well under the current capitalist model. Healthcare comes to mind: The free market will never work properly when life and death is on the line. People will go bankrupt to save loved ones and so the natural checks and balances of a competitive system will never properly apply. Does that mean we need a completely government-run system? No. But it means we need to think. Police, Fire, Military: That we are outsourcing key military security responsibilities is appallingly dangerous, and will blow up on us before it's over. Education: Know anyone who teaches at a for-profit college like Devry or the Art Institutes? Know many of the students? I do. There's a place where ROI is absolutely the wrong driver. If we expect to remain competitive, government has to properly fund all levels of education.
We've got a lot of work to do, and before we can get any of it done, we're going to have to start considering each other's points of view and understanding that the founders didn't build checks and balances into the system so we could divide into poloarized ideologies that either got their way or stomped their feet and refused to play. And I'm shaking that finger at both sides of the aisle.
Tim
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I actually agree with most of that, except that I know a lot of progressives and I don't think I've met or heard of a single one, in or out of office, who is proposing a 91% marginal tax rate. I think that one is what is commonly referred to as a straw man, though I must admit, I would have found it nearly impossible to resist myself.
Tim
Even Francois Hollande drew the line at 75%....
Actually, it was meant as satire. It is interesting, however, how the Far Left rails against the 1% unless it is their 1%. Then, they are quick to defend the rich guy whether he be Warren Buffet, George Soros, Michael Moore, Sean Penn, Bruce Springsteen, or some clueless rapper or sports figure. I find it to be terribly comedic, actually.
Is the far left against the 1%? The middle is just tired of carrying so much of their weight.
Tim
He's off his rocker! He doesn't have a clue and his head is in the sand.
Prima fascie evidence? Look at the number of "middle class" that hold down two jobs to pay the bills.
And I work 60+ hours a week and I'm not rich. Working 60+ hours has nothing to do with socioeconomic status but simply the reality of the times. Many, many people put those sort of hours in because companies have downsized, combined positions, etc., that result in increased work hours.
BS. I am not defending Buffet. He is a crook, and always has been. But he is the patron saint of investing...and many of those spellbound by
proclamations are conservatives...(he is the last of the crusty old value investors)....are irritated by his new found "enlightenment".
You are preaching to the converted. I know he is full of ****...the conservative/anti government/norquist crowd live in a fantasy bubble that the rich work harder
and are over taxed.
-- Myles is quite right; the hardest working people are poor,
and the laziest rich sunnabaggun people are robbers and 'escrocs' and corrupted and 'fraudeurs'.
There! :b
and the laziest rich sunnabaggun people are robbers and 'escrocs' and corrupted and 'fraudeurs'.
There! :b
It matters a lot. If you have no money in this taxed society, they throw you out on the street, but since being homeless is against the law, the poor end up in prison next. Money is a requirement to live in America. The more of it you have, the better you can protect yourself from the government and its minions.
We do not have Capitalism in America. Never did. We have a mixed economy, part Socialism, part Marxism, mostly Fascism.
Capitalism requires ZERO government regulation in order to exist. We never quite made it to Capitalism.. maybe close prior to 1860, but not completely.
Mark, how do you keep starting businesses predicated on substantial investments in electronics, powering a 16,000 watt sound system and re-building the infrastructure of your house, beam by beam, on < $10k gross a year? And why? You could make more with no capital investment, as an employee doing repairs at an electronics shop. You could make more working at Best Buy.
Not my business and you don't need to answer, but I can't make the math work.
Tim
Not my business and you don't need to answer, but I can't make the math work.
Tim
Andre, I have a feeling that history isn't going to be kind to Mr Warren Buffet and his ilk ( can we say megalomaniacs here). BTW, did you know that he owns, among so many other things...See's candies. So next time you order the half pound box, that fact maybe something to think about, LOL
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