Monday, April 16, 2012

The missing point about this Buffett Rule BS

People are talking about how the Buffett Rule raises taxes and all of that. That's bad, but the bottom line is the point missed from all of this.

What has the federal government done to earn any more revenue? That is what needs to be attacked. Government hasn't earned the money. Period. It's spending itself into even more debt, screwing it all up, and wants more taxes to bail them out. Obama needs to be told to "know his role and shut his mouth" as The Rock used to say in the WWE.

That's not to leave Republicans off the hook with their budgets. They aren't great either. What needs to be done is to scrap all the baselines and put them at zero and go over what is needed and what isn't needed. What isn't needed should be eliminated. Gone. After that, start making cuts.

No Commissions. No gimmicks. No half ass reducing the increase in spending and calling it a cut. No shell games. Balance the budget without raising taxes.

As far as Buffett himself goes, he needs to open up his own checkbook, or he can sit his ass down and shut the hell up, and I'll be happy to say that right to his face. There's nothing like a rich leftist gazillionaire who wants to be generous with other people's money. Nothing's stopping him from opening his checkbook.


Communications guru said...

You mean the Reagan Rule? The Buffett/Reagan Rule is simple. It’s about doing what works. Saint Reagan got it. President Obama gets it. Americans get it. It's time for Republicans in Congress to get it, too. The incomes of the richest 1 percent have nearly quadrupled in just one generation, leaving middle-class incomes far behind. At the same time, the average tax rate paid by the richest of the richest few -- the wealthiest 0.1 percent -- is at nearly the lowest rate in over 50 years.

All of America does better when everyone pays their fair share, everyone gets a fair shot, and everyone plays by the same rules. The Buffett/Reagan Rule is the right start.

BTW genius, Buffett will open his checkbook. In fact, he will match all voluntary personal contributions made by congressional Republicans to the U.S. Treasury on a dollar for dollar basis, and that goes triple for Minority Leader Mitch McConnell, who made the same stupid defense of millionaires as you did.

Dan said...

I don't give a damn about whatever deal Reagan made with O'Neil back in the day.

The bottom line is that government spent record debts and deficits, and wants the people to bail them out for their piss poor management. Government hasn't earned the money. Paul Ryan hasn't earned it, let alone a McConnell, or worse yet, a Reid or Obama.

As far as Obama getting it, when it comes to budgets he is either stupid, insane, or evil. He has no credibility on this issue, and isn't fit to shine Tip O'Neil's shoes, let alone Reagan's. Or better yet Mike Pence who is better than both of them on budgets.

I'm not open to anything revenue related until you start with zero based budgeting and elimination of departments that are no longer needed.

Communications guru said...

What does Tip O’Neil have to do with this, unless he writes Saint Ronnie’s speeches?

It’s sad, but Republicans who work across the aisle to better the country are long gone. In their place we have ultra-partisan hacks like you who only want to win elections and grab power at any cost, and screw the country in the process.

Government hasn't earned the money? I think we have. The President has made cuts, and we need a balanced approach. President Obama does get it, as do the majority of American voters.
Really, who gives a shit what you’re open to? Hey, you keep protecting the 1 percent because they really need your help. The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. That means the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana. In 1965 the average CEO was earning 24 times what the average worker was making. But by 2001 the C.E.O.’s of the largest American companies earned an average of 531 times as much as the average worker. But trying to save the middle class is class warfare. Only when you fight back against the class warfare that has gone on for years is it really class warfare, according to idiots like you.

But hey, you keep fighting for Wall Street.

Many millionaires and billionaires - approximately 55,000 - are paying lower taxes than millions of middle-class Americans. In fact, in 2009, 1,500 millionaires managed to pay no federal income taxes on their millions.