Hillary Clinton’s Tax Plan Backed by Warren Buffett

Credit to: Wall Street

Quote:

---

Mrs. Clinton gave no details during her appearance with the Berkshire Hathaway chairman at a campaign rally. But her pledge tracks the populist tone she has struck in vying for the presidential nomination of a Democratic Party that has moved left on the issue of income inequality. Her rival, Sen. Bernie Sanders of Vermont, has made the wage gap and blunting the political power wielded by billionaires central themes of his campaign.

The Democratic front-runner and former secretary of state plans to unveil concrete plans next year “to make sure the effective tax rate paid by millionaires reflects a truly fair tax system,” a Clinton campaign aide said. A tricky part will be creating broadly popular pro-middle-class policies without alienating Mrs. Clinton’s wealthy backers.

---

Your thoughts guys?

Quote:

---

Originally Posted by edward222

Credit to: Wall Street



Your thoughts guys?

---

In situations like this, I always ask, "Okay, where's the wheelbarrow?"

I'll have to regale you with one of the late George Gordon's stories, in this case, the wheelbarrow story.

At first glance, it doesn't make intuitive sense for a multi-billionaire to support a tax plan that would cost him.

Quote:

---

Originally Posted by shikamaru

In situations like this, I always ask, "Okay, where's the wheelbarrow?"

I'll have to regale you with one of the late George Gordon's stories, in this case, the wheelbarrow story.

At first glance, it doesn't make intuitive sense for a multi-billionaire to support a tax plan that would cost him.

---

Attachment 3314
(Its a trap.)

If minimum wage had been raised as it should have been #1 American workers would have had more spending power and thusly more money would be available for businesses to prosper #2 the US and its states would have had greater revenues to draw on. Perhaps the greatest taxes should be on those who add little to no value to society: banks, merchants, speculative traders. Some States suffer financially because they are so lenient when taxing those who make lots of $$$$. I'm talking fair and reasonable taxes. Illinois is also a state where you can be a teacher and retire and collect six-figure pension. Minimum wage workers have been taxed by not getting paid $10 to $16 an hour for far too long. I have doubts about Buffet or Soviet Spymaster Hillary being heroes in any form. Buffet is probably very much aware he will not in any inconvenient way be subject to those taxes they propose.