Steelplate
Bluesman
Warren Buffet is a VERY successful capitalist.
Warren Buffet is an American.
Warren Buffet points out the FACT that the rich folk have used their bucks to lobby down their fair share of the comparative tax revenue in this country DESPITE THE FACT THAT THEY WERE STILL MAKING MILLIONS BEFORE THE TAX CUTS, BREAKS AND LOOPHOLES.
Neocon/teabagger/libertarian parrots and toadies regurgitate the assinine mantras fed to them by the people Buffet points out is screwing them....DESPITE THE FACT THAT ALL THE TAX BREAKS AND TAX CUTS AND LOOPHOLES GIVEN THE WEALTHY HAVE NOT RESULTED IN JOBS IN THIS COUNTRY.
NO ONE ON THIS THREAD CAN LOGICALLY OR FACTUALLY REFUTE OR DISPROVE WHAT BUFFET STATES IN HIS ARTICLE.
Irrational hatred for Obama, liberals, progressives or anyone perceived as "them" has once again led people to support the very entities that are diminishing their country and their society's financial situation....those who outsource, downsize and off-shore without giving a damn about the middle and working class in America....so long as they are serving them.
mantras fed to them by the people Buffet points out is screwing them...
How is Buffet's 15% capital gains tax rate screwing me or anyone else?
Because like most very wealthy people, most of their income is through investments, not production. investment income falls under the Capital Gains tax and not Federal income tax. Ergo, they end up paying less federal tax than a guy making $25K/year. That's how they are screwing you and the rest of America.