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Originally posted by AThousandYoungWell so long as Warren Buffet and Telerion say he is doing the right thing, what possible worries do you have?
Is Obama doing the right things as Warren Buffet said?
I'd like to hear from Telerion especially, our resident economist.
Of course, you may want to update your knowledge regarding Buffets support of the President. He has recently been quoted as saying that he has heard Democrats saying that, "a crisis is a terrible thing to waste" as they push through as much pork and earmarks and tax increases as they can with the proposed legislation. In addition, he is an outspoken critic of the new cap and trade proposed legislation calling it a "regressive tax" on the populace at large.
Originally posted by whodeyDo you have a source I can look at?
Well so long as Warren Buffet and Telerion say he is doing the right thing, what possible worries do you have?
Of course, you may want to update your knowledge regarding Buffets support of the President. He has recently been quoted as saying that he has heard Democrats saying that, "a crisis is a terrible thing to waste" as they push through as much pork ...[text shortened]... w cap and trade proposed legislation calling it a "regressive tax" on the populace at large.
Originally posted by whodeyI respect Buffet and Telerion. I haven't yet met anyone else on this forum whose economic analysis I respect. Mostly it's just ignorant partisan bickering.
Well so long as Warren Buffet and Telerion say he is doing the right thing, what possible worries do you have?
Of course, you may want to update your knowledge regarding Buffets support of the President. He has recently been quoted as saying that he has heard Democrats saying that, "a crisis is a terrible thing to waste" as they push through as much pork ...[text shortened]... w cap and trade proposed legislation calling it a "regressive tax" on the populace at large.
Perhaps if you wanted to offer your own opinion...
Originally posted by KazetNagorraThe u.s. economy is based on capitalism, not socialism. Income redistribution goes against that, plue is doesn't work. If Obama wanted to do that he wouldn't even call it income redistribution because he knows that won't fly in America. Here you get rewarded for working hard, not penalized---although the wealthy already pay the vast majority of tax. It's almost at 50%, so are you saying we should take .50 of every dollar a wealthy person makes?
Income redistribution is income redistribution.
Originally posted by NimzovichLarsenYawn. In what sense does it "not work"?
The u.s. economy is based on capitalism, not socialism. Income redistribution goes against that, plue is doesn't work. If Obama wanted to do that he wouldn't even call it income redistribution because he knows that won't fly in America. Here you get rewarded for working hard, not penalized---although the wealthy already pay the vast majority of t ...[text shortened]... almost at 50%, so are you saying we should take .50 of every dollar a wealthy person makes?
And why do you believe how hard one works is proportional to how much money one makes? By that logic the average Norwegian works twice as hard as the average American. Do they?