Buffett demands to pay more tax? An alternative view!

[psprowler]

I sure would be a happy camper, if I could make a million dollars a year. and pay 1/2 of it in taxes. so I say let those that make the big money, pay more taxes.

I'm guessing if you spent a good majority of your life working hard to get to the point to where you made a million dollars per year you'd look at this a little differently. Maybe not, but maybe so. I'm sure everyone has some extra money to give away. Let's all just run down to the corner and give it the homeless guy and everybody else that would like a piece of it. You first.........

A lot of it is in the decisions you make. I don't know many on this board here personally so I'm not passing any judgement on anyone here. I work in one of the poorest counties in the state of Indiana. I see it everyday. The vast majority of people that surround me did not just "fall" on hard times, it happened because of the choices they made, starting right out of high school. They don't make much but spend a whole lot on frivolous items like the latest smartphones, 20" rims, big exhausts, big vehicles, cigarettes, lottery tickets, etc. etc. You know the drill we've all seen it.

If you legitimately fell on hard times it's one thing. But I think what Geo is trying to say is "don't expect me to pay for your stupid decisions".

I'm in a higher tax bracket and I don't mind what I pay in taxes. Just spend it wisely. Right now they are not.

[FlyLie]

Prowler, I understand where you are comming from, But that is not what Buffet is talking about. If you do a little GOOGLE research, two things will become clear; one, he is advocating a higher tax on the rich's rich, two, he is giving away all his $$, but not to the guy on the street corner, but to foundations who can assure it is spent wisely.

I'm guessing if you spent a good majority of your life working hard to get to the point to where you made a million dollars per year you'd look at this a little differently. Maybe not, but maybe so. I'm sure everyone has some extra money to give away. Let's all just run down to the corner and give it the homeless guy and everybody else that would like a piece of it. You first.........

A lot of it is in the decisions you make. I don't know many on this board here personally so I'm not passing any judgement on anyone here. I work in one of the poorest counties in the state of Indiana. I see it everyday. The vast majority of people that surround me did not just "fall" on hard times, it happened because of the choices they made, starting right out of high school.

[psprowler]

Well fair enough I guess. Just concerned about where the line would eventually end up. First the top 1%, then top 5%, then 10%, etc.

If my tax rate went up from 36% to say 40% then that extra 4% is going to be taken away from any discretionary(sp?) spending my family would do. So I wouldn't be stimulating the economy as much. Not taking that vacation, buying that Ipad, whatever. But it could go to fix roads, national defense, etc. If it wasn't blown on something goofy......

Spend what we have wisely I guess that's my theory. Maybe that doesn't have anything to do with Warren Buffett but I'm tossing it out there!