Jerry Brown turns Cali Around!

Howey said:
And to think a tax on the rich did it!
Click to expand...
Maybee liberals should tax the rich on the rest of the country.
Oh I forgot, they just did!
On all the rich, earning minimum wage and upwards!

Colorado apparently is enjoying a growth explosion!
All the businesses fleeing California to set up in Colorado!
 
Michigan balanced the budget and cut taxes......but then, we had Republicans in charge of the government, so it was easy......
 
Commiefornistan is circling the drain and is a microcosm of what liberalism will do to the rest of this country if the cancer is not cut out immediately
 
lol...if ILA keeps banning everyone from his threads he's only going to end up talking to himself. I just saw one he had four people banned, including a mod.

Wait. Nevahmind!

He already is!
 
PostmodernProphet said:
Michigan balanced the budget and cut taxes......but then, we had Republicans in charge of the government, so it was easy......
Click to expand...

Which housing bubble was Michigan at the center of? How much federal aid to failing local industries did California receive? How much was Michigan's hands tied by initiatives mandating some such spending or program due to whatever far reaching citizen initiative and direct democracy policy it has ingrained in its constitution?
 
007 said:
Maybee liberals should tax the rich on the rest of the country.
Oh I forgot, they just did!
On all the rich, earning minimum wage and upwards!

Colorado apparently is enjoying a growth explosion!
All the businesses fleeing California to set up in Colorado!
Click to expand...

As Warren Buffet said:

"All of America is waiting for Congress to offer a realistic and concrete plan for getting back to this fiscally sound path. Nothing less is acceptable.

In the meantime, maybe you’ll run into someone with a terrific investment idea, who won’t go forward with it because of the tax he would owe when it succeeds. Send him my way. Let me unburden him."

If businesses are investing based on ideology, they will fail.
 
Fluttershy said:
As Warren Buffet said:

"All of America is waiting for Congress to offer a realistic and concrete plan for getting back to this fiscally sound path. Nothing less is acceptable.

In the meantime, maybe you’ll run into someone with a terrific investment idea, who won’t go forward with it because of the tax he would owe when it succeeds. Send him my way. Let me unburden him."

If businesses are investing based on ideology, they will fail.
Click to expand...

Except Warren Buffett is lying out of his ass.

When you invest in a company (unless you are throwing darts) you are making your best guess of the future cash flows of that company. The next step is to discount those cash flows back to the present at some required rate of return you think represents the risk involved in the investment. The math is extremely easy. The tricky part is determining what future cash flows are going to be and what risk rate to apply.

Now here is where Warren Buffett is lying to you, NOBODY who has ever done this exercise has ever failed to use after-tax cash flows in their financial analysis. Somewhere there is a calculation for AFTER TAX cash flows. So as a function of basic math, if that tax rate is high enough a project that looked good at the 15% tax rate may not look so good at a 28% tax rate.

Yes it is true that there would still be investments that clear ALL hurdles and look like good investments, but it is also true that there are investments that would no doubt look less attractive due to an increased tax rate.

Warren Buffett is lying and the masses are unfortunately too ignorant to know any better. What he is banking on is that people start buying annuities which he conveniently sells through his insurance holdings. This is less about Warren Buffett wanting to pay his fair share as it is about enriching Berkshire Hathaway even further.

If Warren Buffett truly wanted more of his money to go to the federal gobblement, then ask yourself why he has pledged to put his entire wealth in the Bill and Belinda Gates Foundation which is 100% tax free and not expose it to the estate tax? When you can answer that question, then you can expect me to take Warren Buffett seriously when he claims to want to be taxed higher.

Don't be a chump
 
You must log in or register to reply here.
Back
Top