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Sunday, September 25, 2016

The following is an excerpt from The Self-Made Myth, a recent book by Brian Miller and Mike Lapham. Buy it here

Today we find ourselves facing the lingering effects of the Great Recession. Unemployment is still near double-digit levels. Homes are still being foreclosed upon in record numbers. Banks are still not lending. Despite the enormous challenges we face, our nation seems unable or unwilling to come together and solve the serious problems before us. Instead we are caught in an intractable battle between two opposing views for solving the economic crisis we are in, each arguing that their policy solution is more fair, morally justified, and, in the end, more effective.

We believe that a large part of why we have such differing views in the realm of economic policy is because we have such divergent views on where individual success and wealth come from. In this book we explore a deeply held belief in our society—the myth of the “self-made man,” or what we are calling the self-made myth—and we offer an alternative that we believe is more honest and complete: the built-together reality. It is our hope that by coming to a deeper understanding of the origins of individual wealth and success, we can begin to achieve greater agreement on solutions to the economic crisis we are in and point the way toward a new era of broadly shared prosperity.

Warren Buffett, the founder of Berkshire Hathaway and the second-wealthiest man in the United States, is hailed as one of the most successful stock market investors ever. Yet this does not prevent Buffett from acknowledging the role of the uniquely fertile soil of the American economic system in amassing his wealth.

  • William Deutschlander

    You will note that Buffett is in his 80’s, he grew up in a mentality that stipulated if you do well you owe a debt of gratitude.
    Those born in more recent times have a mentality that states if I am successfull it was totaly of my doing and I am owed everything there is to be had.
    Buffett and his generation realized that if there is no market for goods or services, there can be no growth, there can be no economy to benefit from!

    • montanabill

      Exactly what do taxes have to do with growing markets? Just asking.

      • rustacus21

        WildBill!!! I thought a financial whiz like U would know the answer 2 that!? Taxes contribute to the overall health of markets by virtue of consumer activity, allowing investors to keep pumping money into CORPORATIONS!!! But w/the economic slowdown, a result of 10’s of millions of out-of-work/under employed Americans who the wealthy’s TAX CUTS can’t afford to hire the entirety of, corporations, banks & investment houses have to resort to unjust, unethical – even criminal tactics, in order to make a buck! Buffet is the cream of the crop, ever-rising. But he made his fortune the ‘virtuous’ way & is saying THAT’S what it takes – top-to-bottom, across American society, for there 2 B opportunity enuff for ALL Americans to attain the same. Conservatives only want it for their own ‘tribe’. Liberal/Progressives DELIVER the goods, time after time. Don’t 4get it was the Clinton administration that outdid all others b4 or since, in getting it done 4 the Middle Class, rich & poor alike…

        • montanabill

          Let’s see, if I take $1 dollar out of the private sector that is normally used to buy things or for investment in growing the economy, and give that $1 to government, government can somehow get that $1 back into the economy? Not likely. Government doesn’t produce anything that can be sold for a profit, it sends part of that $1 overseas as foreign aid and pays a lot of it as interest to foreign holders of U.S. debt and the big chunk that goes to welfare will only buy a limit product selection, which really doesn’t help the economy. Right now, most of your up in arms about a lost $2 billion bet, but never got up in arms about a bad $500+ billion lost government bet in Solyndra, not to mention a number of other equally large and bad government bets in other green energy companies. By the way, there is no such thing as a ‘tax cut’. It is a reduction of confiscation.

          • hubydoll166

            I guess you are more of an authority than warren buffet? The man was saying that our country is good to business(exactly opposite of what GOP say) and that if it were not for our favorable society then he would not be where he is today. I personally believe that it takes two to tango and its a two way street. Ive owned businesses myself and always knew that having great talent was worth its weight in gold. I also believe that a good businessperson deserves to be paid very well but could not have been done without the “help”. I dare to ask,,do you think he is wrong? The issue has become ” one c ant make enough money no matter how much profit is made and now corporations try to outdo eachother at the expense of the worker. I could have agreed with trickle down economics if it actually trickled down but those who got huge tax breaks broke their promise and put us into todays dismal condition due to lost revenues in taxes that weould have been collected and our communities now suffer with much less revenues while our state/local govts that are GOP ran still think by giving further tax breaks to corps that dont need them will somehowe be different this time. The solyndra was one thing out of many failed policies and is a grain of sand compared to what we been subjected to under BUSH. And it was because of china that solyndra failed because they are ahead of us in solar simply because our GOP dont believe in the people and our future but instead that giving the rich even more will do something. All im saying is that you and people like you should look at both sides of the coin because there is actually a reason why things fail. This is the problem with our country, we are being bombarded with rhetoric and propoganda from our politicians(GOP mostly) and will be stuck in limbo while the world moves ahead..WE tried trickle down economics..duh. Now its time for the Democrats to do what they do and pull us out of the crapper like clinton done..that was proven and bush years were proven to be a disaster..PERIOD. I spent time watching fox, msnbc then I spent a lot of time watching c-span and getting facts..the dems are not perfect but much better than todays wing nut extremist GOP party that think the 1% ARE PEASANTS..Start getting real facts and we will all be better off..knowledge is the key here…get some please.

          • rustacus21

            Bill, Bill, BILL ~ Lets just stay focused on reality… All these hypotheticals are what keep U (conservatives) in SOOOOO much trouble. U’r going way out on limbs that can’t support the weight of putting U’r & our imaginations in contortions. Only the ‘little people’ buy ‘en mass’. No ONE or group of rich persons is going to buy 15,000 Chryslers, Fords or even Honda’s per quarter. But 15,000 Middle Class consumers CAN – considering they have INCOME 2 do so. The 1% can’t employ at a rate equal to neither the comprehensive ‘public’ (local, state, fed govt’s) or private sectors. Removing such a large chunk of economic activity – VIA Bush-era tax cuts (that unfortunantly, THIS Prez, 4 some reason, feels the need to holdover – arbitrarily – in spite of the damage he’s doing 2 the nation’s economy – on HIS WATCH!!!), DEPRIVES the general economy from flowing OUTWARD (as opposed to UPWARDS), PREVENTING that same general economy from employing more MIDDLE CLASS WORKERS, as well as the consequence of YIELDING 2 conservative demands to SHRINK govt., which in turn, means regulators who ordinarily would have had oversite responsibility to catch crooks like those @Solyndra, or J.P. Morgan or BankAmerica, etc., & the vicious cycle continues. THAT is what is REALLY happening. That is also the difference between conservative ‘theological’ (money-obsessed) theorizing & Liberal/Progressives ‘reality’ engagers. Govt is as big as it NEEDS to be. Shrinking is gets U what we got from 2001-present…

  • The greedy rich are going through a recession while the working middle class don’t really feel a pinch because we have been living like this for years….the problem is that Corporate America is a dirty, rotten game and some people do not know how to live modestly. They are scrambling to find ways to become filthy rich and the working class people are not as ignorant of their schemes as they used to be. Madoff was ripping people off for years but now that systems are become diversified, undersight will no longer make filthy, greedy people rich. You can say all of those things, but they are all social constructs designed to steal people’s money. The problem is that, we are fighting back now and it has become increasingly difficult to rob the poor, we have become stronger, wiser, and we know the game that is being played on us….

    • montanabill

      Obviously not! Perhaps you like to enlighten us as to exactly how and how much money Buffett robbed from you.

      • ObozoMustGo

        montana… shhh… you’re blowing our cover. We dont want them to find out that the best way to get rich is to rob people that dont have any money. sshhhhh!!!

        Phew!…. these leftist nutjobs are so mind-effed, I dont know how half of them even get out of bed each day.

        Have a nice day!

    • rustacus21

      … & now, all we need is 2 show up at the polls en mass!!!

    • ObozoMustGo

      Hey Rhyth… What is it with you leftist nutjobs and your obsession over corporations?

      If you examine every issue you leftist nutjobs have, I think you’ll find in every case that there must be a boogey man. You guys MUST have a boogey man or you have no issues, right. If you are capable of examination of your own thoughts (and I doubt that you are) you will find this to be the case.

      Once again, it’s easy to expose the The Holy Trinity of the left: race, gender, and class.

      Have a nice day!

  • ObozoMustGo

    Nice try Brian and Mike, but we do NOT share collective success in the sense that you fantasize about here. Rather, Buffett’s own personal initiative and drive, evident when he was even a young boy, was allowed to flourish precisely because we have had political system built to preserve INDIVIDUAL liberties and an incentive system that rewards INDIVIDUAL success. This whole “collective” success is nothing more than another attempt to shine up the tarnished lie and proven failure that is socialism.

    Funny how Buffett can say that he would not be as successful in tighter command and control economies on the one hand, and then advocate a governmental system of punitive taxation that mimics those countries where would not be so successful.

    The FACT is that Warren Buffett is the biggest hypocrite going. There is NOTHING that prevents Warren Buffett from paying ANY amount of taxes that he wants to pay. Anyone can go to IRS dot gov and pay as much as they want. WHY DOESN’T HE PUT HIS MONEY WHERE IS MOUTH IS?

    Also, I’ll bet most of you leftist nutjobs that praise Buffett have no idea that while he complains about NOT paying enough taxes, he’s been engaged in a 10 year battle with the IRS over NOT PAYING SEVERAL BILLION IN TAXES!!! How does he say he doesn’t pay enough while he’s litigating his way OUT of paying more?

    The FACT is that Warren Buffett is a business man and Obozo protects his business interests in trains and trucking of oils and fuels from the Bakken region. Buffett is the reason the Keystone pipeline was nixed by Obozo. The pipeline would take a great deal of business from Buffett.

    Business drives politics on both sides of the aisle. You leftist nutjobs just dont like to see the truth when it applies to your side.

    Have a nice day!

    • When you eat the very lies that you create, you will be perpetually viewed as the man who cuts off his own dick and sticks it one ear til it comes out the other. You are foolish and mindfugged.

      • ObozoMustGo

        Hey Doyle… nice insults. Really, I mean that. I like a good funny insult thrown at me, or by me. But it doesn’t change the truth that I write. Buffett is a flaming hypocrite and we do NOT have a “collective success” in the sense that you leftist nutjobs envision in your hopes for a utopia…. a utopia that will never be.

        Next time, mix your insults with some coherent thought…. ohhh…. wait….. never mind…. coherent thought is not possible for a leftist nutjob like you.

        Have a nice day!

        • scareygary

          “Insults”? Kind of like ‘leftist nut jobs’ or ‘obozo’? Those kind of insults? If you’ll actually read a little HISTORY of taxation, you’d soon realize that the wealthiest and mega-profitable corporations are actually paying the LOWEST, not only in rates, but in actual dollars, than they have ever paid. The 50s, 60s and 70s at least SEEM like a ‘utopia’ compared to the economic conditions brought to us by the joke known as ‘trickle down’ economics! Tax rates like we have now were in place in the 20s, and I hope you know where THAT led. Good grief; it constantly amazes me that the right wants the largest, most expensive military on the planet, but they don’t want to PAY for it, or anything else that benefits the ‘general welfare’ of our nation. GOP is coming to mean: Greedy Ones Protected, IMHO. I’m perfectly willing to pay a little more in taxes, but not when 13,500 millionaires pay a lower rate than I do! Not to mention the 30 biggest companies that pay more for tax attorneys and lobbyists than they do in taxes. Patriots? I’m not buying it…… Small government? No taxes? Try Somalia, Man. Good on Buffet; far more conscience than many in the top .1 %

          • ObozoMustGo

            scarey… Good choice of a name. With a mind like yours, it’s downright scarey to think of how many useful idiots just like you are out there. If the 70s seem like economic utopia to you, that’s for one of 2 reasons. You’re young and didn’t live it, or you were high on pot then and you are high on pot now. The 70’s were absolutely miserable!

            “Trickle down” economics is the only way the system really works. Trust me, I know because I live that system. You see, wealthy people don’t bury their money. They invest it. I personally consult to very small new companies in the energy business. Mostly they are founded by a couple of scientists or engineers with an idea and a business plan. They present their business plans to venture capitalists. The VC’s of the world start funds dedicated to a particular type of investment and they get the money for those funds from RICH people who are seeking a big return on their money. The VC will fund the new business idea and the founders will in turn go out and begin hiring new scientists, engineers, HR people, etc. and rent offices and build factories or plants, etc. etc. I help those small companies to grow. In the process, the rich people’s money trickles down through the companies to the employees and to me who in turn buys cars and a house and pays for kids sports and college educations. I am a living example and testament of what you leftist nutjobs refer negatively to as “trickle down” economics. And literally 10s of millions of people are employed through the same process.

            Contrast that to trickle up poverty that the left espouses and which Obozo has been implementing for 4 years. I can assure you that ANY objective person will look at the two systems and prefer free market, “trickle down” economics to trickle up poverty.

            No one on the right that I know says that we should have no government. Defense and national infrastructure and Justice are actually the top reasons for having a Federal government and we all acknowledge that taxation pays for those things. But the rest of the argument for any other government must begin first with agreement on what the proper role of the federal government really is according the the documents that establish its purpose and parameters: The Declaration of Independence and The Constitution.

            Regarding the history of taxation… it’s a fool’s argument to suggest that the more you take from the productive sector and give to the unproductive sector, the better the economy. In truth, the federal government has historically been able to tax the economy as a whole at about 20% of GDP, regardless of how they play the shell game of taxes and loopholes. The guy that did the best study on this is Art Laffer. His study acknowledges that if taxation was zero, the government would have no money while if taxation was 100% the government would have no money because no one would work for nothing. So, there must be a point at which both economic incentives and output are the greatest and government revenue is maximized. It is an academic study, so there are detractors and supporters. The point is that there is a tax system that can generate maximum revenues, but we dont have that systsem. A flat tax with no loopholes, no deductions would be the fairest and best system. But then again, arguing about revenues is a pointless exercise if we don’t get SPENDING under control.

            Have a nice day!

          • scareygary

            Same old ideological crap, Man. “Reduce spending” is all you people know. Any thinking person knows that deficit is the DIFFERENCE between what comes in and what goes out. You righties have been following the Grover Norquist/ Paul Ryan philosophy that ‘CUT and GUT’ is the only answer to our economic woes, evidently unaware of how the government is being starved of income by corporate lobbyists who have reduced tax income through loophole after loophole. Now, ExxonMobile, GE, and many others can make BILLIONS in profits and pay the government NOTHING in income tax, while many millionaires pay a LOWER rate than I do! You like that? Evidently, you’re fine with it.

            Another thing that I know for sure: Giving yet another tax break to the few at the top does NOT ‘create jobs’. People hire more help when they can’t keep up with DEMAND for goods and services. It’s a fundamental of ‘capitalism’. Where you been? Let’s just continue cutting teachers and others workers in the public sector and then wonder why you ‘private business’ folks have fewer customers!

            I DARE you to read “Das Kapital” and tell me that Marx’ evaluation of unregulated capitalism isn’t coming true. Of course, it’s too ‘scary’ for you, and you likely can’t understand it (it IS a dry, theoretical read), but quite prophetic. He stated that a country’s wealth would wind up in the hands of just a few, and they’d hand it on down to descendants, etc. Ever heard of Paris Hilton? And Romney is a ‘self-made’ man? Shit, as I’ve heard, and will repeat ad nauseam, ‘He was born on 3rd base and tells everyone he hit a triple.”

            Not buying your theory of a flat tax at all. Tax the Walmart greeter at 20%? The part time college student 20%? Tax the retiree who gets a Social Security check at 20%? Tax the hedge fund manager who makes a BILLION per year at the same rate???? Ha Ha Ha. We’ve had a progressive tax structure that’s worked pretty well for a long time (until TRICKLE DOWN began under Reagan) with its attendant tax CUTS for the wealthiest. It’s trickling down to China, but sure isn’t helping most American workers. In theory, theory and practice are the same. In practice, they rarely are the same. Check some history of what’s happened with debt and tax practices in this country, especially since about 1982.

            BTW: I said, ‘relatively’ the 70s were a Utopia, compared to the last decade or so. I WAS working in the 70s….every day (never took a penny from unemployment/welfare, etc.) and NOT’ high’. I resent your comment. And I DON’T ‘trust you’ to believe that trickle down works! . I KNOW that the Romneys of the world don’t bury their money. They hide lots of it in the Caymans or Swiss accounts so these ‘patriots’ don’t have to pay any TAXES on it! Get real! Your ‘theory’ is not working out for the average American, but you don’t seem very concerned about that. I guess you are happy in a country with incredible, increasing income disparity where the top 1% takes 93% of all new wealth in 2011 and the rest of the 99% get to split up the remaining 7%. And you want us to pay the same FLAT tax? Ha Ha Ha! Good one.

            Arguing about SPENDING CUTS is pointless if we don’t get revenue under control…..GOP= GREEDY ONES PROTECTED. Have a realistic day…..

          • ObozoMustGo

            scarey… you’ve been hitting the crack pipe waaaaayyyyy too much, dude! You have so many false and completely goofy notions of so many things that just arent so. Anyone that thinks like you must be consumed by jealousy and envy so completely as to not have any capacity for rational thought, nor any ability to be made aware of your own ignorance.

            At least you do have some sense of honesty, however. It takes guts in this day and age to admit that you read Karl Marx and actually believe it. Every single one of Marx’s theories fall flat on their faces. How stupid can one be in this modern day to actually believe that “a country’s wealth would wind up in the hands of just a few, and they’d hand it on down to descendants, etc.” Really!!! How friggin stone cold stupid can you be to believe that crap? Especially in light of the literally thousands up0n thousands of examples RIGHT IN FRONT OF YOUR FACE of people that were raised in poor households that have become fabulously wealthy and successful! And, on the other side of the coin, many fortunes have disappeared as they are split and broken up being passed down the family tree.

            You hold onto those unfounded and completely phony beliefs about class warfare like it’s a hard core religious committment. Dude, you gotta grow the hell up.

            The 70s were a disaster decade starting with that idiot Nixon, the nice but ineffective Ford, and the 2nd worst president behind Obozo with Carter. The decade saw massive inflation, gas rationing and energy crises, price controls, the removal of the dollar from the gold standard, the rise of radical islam under Carter’s watch, and for God’s sake, Disco! The stock market went NO WHERE for the decade. For you to say that 2001 – 2009 was worse is a flat out lie and you know it.

            A flat tax is the ONLY fair way to tax people. We all are treated the same under the law. It’s not a theory, it’s real. When we do it, you will see that it’s actually real.

            For you leftist nutjobs to actually think that revenues are the problem is a joke. You cant really be that dumb, can you? … dont answer that…. Do you have any clue what you are talking about? The fact is, we could confiscate the wealth of EVERY AMERICAN with a networth of over $1MILLION and we could only run our government for 1 year. The wealth of the top 400 Americans (Forbes 400) would only run our government for 6 months. THAT’S IF YOU CONFISCATE 100% OF ALL THEIR WEALTH!

            Do you actually believe that if we just gave politicians more money, that all of a sudden they would become fiscally responsible? On what basis do you believe that? THERE IS NO BASIS FOR THIS STUPID BELIEF!

            While of course there are 2 sides to every budget, the biggest problem we have is politicians that CANNOT spend within their means. And they are spending us into complete oblivion. And you know it’s true!

            Have a nice day!

          • scareygary

            Crackpipe? Sorry….that’s just another of your ideas that’s a fabrication. And, since you’re not aware of it: 400 INDIVIDUALS in this country now control more wealth than the bottom 150,000,000. If that’s not evidence of just what Marx was saying 150 years ago, then who’s the idiot? I didn’t say all his theories were great. I haven’t read the Communist Manifesto, but I’ve read his critique of capitalism. No wonder conservatives have put it on the ‘dangerous books’ list. If people actually READ it, the truth would be clearer to more people….. If you fault politicians, how about sharing some of that blame with the corporate interests that OWN so many of them with theirlobbyists. What are YOU doing to get money out of politics? Really believe, along with GOP appointed judges, that money is speech and corporations are people? If businesses spent as much money in taxes as they do in tax attorneys and lobbyists, we’d have a lot more ‘means’ to stay within.

            As for opportunities these days? Sure, there are still ways to rise in this country. A few people still make it. But just open your retail store next to a WalMart and see how you do. Many more do well cheating the hell out of folks by living the ‘free market’ system: anything for a buck. No wonder we have to have so many of those nasty regulations you righties love to hate.

            I’m done debating you for now; too much name-calling and not much SUBSTANCE. I DO have a “clue” what I’m talking about. I’ve been in ‘deficit’ in my life, with a very REAL income reduction. I not only CUT everything I could, and sold what I could, but then rented a room in my house and took a second and third job to RAISE INCOME, too, in order to save my home (that I built with my own paws). I’m now completely out of debt; Don’t tell me I know nothing, or that I don’t understand economy. You don’t know me whatsoever. I wouldn’t trade places with your hateful self for the WORLD….

          • ObozoMustGo

            scarey…. it’s all in good fun! Congratulations to you for working your way out of difficult times. I’ve had to do it twice in my life. As to Marx, my favorite statement about his comes from Ronald Reagan:

            “A socialist is someone that has read Karl Marx. A capitalist is someone that has read Karl Marx, and understands it!”

            Can’t much improve upon perfection, can we?

            Regarding your phony fact about 400 people controling more wealth than 150 million…. that’s such a bunch of leftist hyperbole and propaganda, but the thinking man doesnt buy it. Why? I’m glad you asked. Because the premise of the question presumes that wealth is a static pie and does not grow. The leftists nutjob thinks that fewer and fewer people are taking too much of this static pie and believes it is governments duty to redistribute it, or reallocate the pieces of the pie. The thinking man rejects the question because he knows that economic wealth is NOT a static pie and is instead growing all the time. Evidence –> “poor” people in America have better standards of living than wealthy people did when the country was founded. They live longer, have air conditioning, cell phones, cars, microwaves, indoor plumbing, etc etc. They got that way because the economic pie continues to grow. It is not static. Nor are the people that make up the Forbes 400 the same exact people that were on it 10, 20, or 30 years ago. We have fluid class movement in America, unlike any other country.

            Presuming your premise of wealth concentration being a problem is correct…. How do you think that happens? If you are so worried about that, really tell me how it happens. Dont you know that in highly socialist countries, the wealth concentration is even worse? Of course it is. I’d be interested to hear your views on that question.

            Have a nice day!

          • rustacus21

            On top of that, they’re paying bribe cash to OUR legislators, to keep the ‘FIX’ in!!! Sadly, conservatives have been voting wrong for all this time, having gotten nothing out of the deal & are ready to do it again THIS YEAR!? I don’t get it… At all…

    • gendotte

      Oh horse hockey. Actually the IRS is not set up that way. I know because I work there. Buffet does more for the middle class than any other rich guy. He’s just quiet about it. Many of his businesses cater to people who need a hand, whether it is buying furniture on credit ( with a reasonable interest rate) or giving good financial advice. You want to bitch about billionaires, try the Koch brothers. Then you can bitch with a bit of accuracy.

      • ObozoMustGo

        gen… I don’t bitch about billionaires, just hypocrites. In fact, I wish there were lots more millionaires and billionaires. Unlike you leftist nutjobs, I don’t begrudge anyone for what they have or what they earn. And I dont expect someone that is successful to be forced into paying to provide someone else’s needs who has not earned it. THAT is immoral! If you want to be charitable (and you should be) with your money, that’s your business. But dont be a damned hypocrite like Buffett when he knows damned well that he could pay as much in taxes as he wants and allocate it to reducing the National Debt. If you work for the IRS, you know what I am telling you is true. Here is the link to your own friggin website to do it:

        https://www dot pay dot gov/paygov/forms/formInstance dot html?agencyFormId=23779454

        (Note that they don’t allow URLs to be posted on here, hence the use of “dot”)

        In addition, I find it funny that a leftist government worker sees what Buffet does by renting furniture to lower class people who need a hand as honorable. Most of you leftist nutjobs (maybe you are not one of those) see that business as “exploitative” of the poor. Hmmm… Odd how you defend Buffett but slam equally successful business owners like the Koch brothers just because their political views are counter to yours. Seems like everyone on the left is a hypocrite, doesn’t it?

        One other point. If you work for the IRS, you should probably be one of those that is out of a job. As of latest information I found, the Federal work force is between 1.8 and 2.2 MILLION employees. You parasites are sucking us dry. We should have a flat tax, no deductions, no loopholes. We could lay off 95% of you in the IRS and save BILLIONS upon BILLIONS in wasted and fruitlessly spent taxpayer dollars. Same with Ag, Energy, Education, and many of the other useless and pointless bureacrats employed there.

        Have a nice day!

        • gendotte

          WOW, where to start.
          First, I’m retired and work seasonal at IRS during tax time. I have owned three small businesses, so I am one of those so-called “job creators” which is a bullshit term in the case of Mitt since he destroyed them (see Kansas City Steel). In 1955 there were twice as many federal employees per capita than now. Do you really think that billionaires got that way on their own? That they did not use the fruits of everybody’s taxes, infrastructure, and in a lot of cases criminal activities (either themselves of Grandpa) to get the huge benefits of a society that helped them get rich? You need to go read up on the Gilded Age.
          Taxes are DUES paid by those who benefit from society, and it is only fair that those who benefit the most should pay the most dues. If you go back and look at the economy, the best it has ever been, creating the most millionaires that you seem to be so in love with was the 25 years after WWII. The top marginal tax rate was 91% under Ike and around 76% under Kennedy, although JFK closed a lot of loopholes and collected more taxes. Guess what? Everybody did well at that time. The top 1% only controlled about 25% of the nations’ wealth. The middle class was huge. Look what has happened to the middle class since the 80s.
          Also, sir, unlike you, I have actually met Warren Buffett.
          Oh, and he doesn’t rent furniture, he sells it at a good price and doesn’t screw the purchaser with high interest rates in the credit department. As for the Kochs, they make a lot of their money by buying Senators. In 2000 they spent 250,000,000 to elect GOP conservatives (right wingers to everybody else) Their companies profited from the resulting laws by the tune of over five billion. Pretty good return on investment, don’t you think. Even from a couple of trust fund babies. These are scary people. I live 199 miles from the Kochs, and 125 miles from Buffett.
          I’m glad it is not the other way around.
          Go ahead and vote for Willard. If he gets in with a GOP majority you can kiss your Social Security, Medicare, unemployment, and anything else in the safety net goodby. It won’t bother me, since I am essentially retired, but you, your kids, their kids, well to quote Dickens, “are there no work houses?” If you want to talk about parasites, the Kochs are a good place to start. Buffett has said repeatedly that his taxes should be higher.
          Why should he donate when others manipulate the system to not?
          See: The economy in the 1920s, the disparity of the rich and poor. See 1929. And above all, stop watching Faux ‘news’. If you really want to watch something, watch Current TV for a couple of weeks. I especially recommend Eliot Spitzer, with a not to Stephanie Miller( her father ran for VP with Goldwater) for funny.
          I worked pretty hard at IRS, running tax forms, looking for cheats, and just correcting mistakes. They do not have the personnel to actually enforce the tax laws, so a lot of rich folks can game the system. Not so for the average working slob. They pay every dime that they owe. I worked one form where the guy made over 6 million, and he sent in an amended form that showed he owed us another 3 bucks. Check enclosed. A lot of rich guys are honest.

    • Landsende

      Bozo where do you get your information that Buffett owes billions to the IRS and that he is the reason the Keystone pipeline was nixed. You throw out these so called facts with nothing to back them up.

      • ObozoMustGo

        Google “warren buffett taxes” and you will see how many tax problems he and his companies have. The leftist HuffPo covers many of those stories.

        Re: Keystone pipeline…. how do you think the oil and gas that is being pumped out of the South Dakota region by the hundreds of thousands of barrels per day is being delivered? Do you have any idea? I figured you didn’t. Well, there’s only 2 ways to move the stuff: by truck or by rail. Find out who owns those companies. Don’t bother. I’ll tell you. WARREN BUFFETT!!! Isn’t that just a little tiny coincidence? Why run a major pipeline through the region when Warren can truck and train it? Especially when he’s a leftist supporter of Obozo’s.

        Have a nice day!

  • greedy rich? Ever work for a poor man? There has not been a generation that the majority of good and hard working Americans believed in the free enterprise.

    Astonishing we have those who are buying Obama’s socialist venue. His conquest in the guise of God and Country fails to the brave, and burdens the want- nots.

    • ObozoMustGo

      David… I see you are relatively new here. Welcome to the sea of leftist insanity that is The Memo. Keep fighting the good fight!

      Have a nice day!

  • montanabill

    I’d like to see his proof that without a family devastating estate tax this country would become a plutocracy. Most family fortunes are gone within a few generations as it gets split down the family tree. Maybe some children, grand children or great grand children will use their inheritance wisely and build on it, but history shows that is pretty rare.

    • You’ve answered the question about the advisability of allowing the ruling elite to pass all of their ill gotten untaxed wealth to their pathetic, coke snorting trust babies who will soon piss it away. This country needs to do away with the tax dodging schemes once and for all.

      • montanabill

        Excuse me? “ill gotten untaxed wealth”? So in your mind, anyone who becomes wealthy has gotten it by illegal means and totally avoided taxes on it. You certainly have a high resentment factor for anyone who succeeds. I gather you and your parents didn’t. By the way, exactly to what tax dodging schemes are you referring? Is it deducting mortgage interest, the standard deductions, health care costs, continuing education, charitable deductions….?

    • ObozoMustGo

      Hello montana. We can always count of you for a good common sense post. Thank you!

      Have a nice day!

      • montanabill

        Thanks OMG. I would like to offer one bit of advice. If you really want these people to consider alternative thinking, it might be best not to call them names. I do my best not to do that and usually pass over the names that they call me, although I do admit to being astounded at the lack of knowledge, the lack of reasoning and the hate presented to me.

        • ObozoMustGo

          I agree with you montana. I could be a little bit “nicer”, maybe. But you should know that I’m not actually not trying to convince anyone of anything. The folks who come here are hardened leftists, mostly. They will never change. I’m just seeking clarity and understanding, mostly. I’ve even made a few virtual friends with some lefties here. And yes, the amount of abuse they heap on us conservatives is astounding sometimes. That’s sort of why I kind of like to give it back a little. But it’s all in good fun and I don’t really mean any of it. But I do arouse the leftist hornets nest A LOT!

          Truth is, I think most people are decent people. They have good intentions like we do. They’re just wrong about how to go about it. And unfortunately, they wrongly infer bad intentions on us.

          Have a great day, montana!

        • ObozoMustGo

          By the way, I hope you find some of my posts enjoyable. See you later, montana.

          • montanabill

            I do indeed!

        • rustacus21

          ‘Alternative’? Yes, ok. But I’m still waiting on the thinking… I think generally after reading really good stuff, like the above & have concluded that conservative voters (& defenders of…) are like the abused spouse that continue to believe that their mate isn’t really a psychopathic maniac. What we got between 2001-2009 was just THAT!!! & now, standing in the way so an American president will FAIL?! What madness is that? If anybody, GWB deserved to fail in taking down America, but we Liberal/Progressives gave him the benefit of doubt. Foolishly, I mite add. Now that we have some 1 who will do, as Buffet suggests, expands opportunities so that prosperity for the great majority can be achieved, IN WHATEVER FASHION, conservatives are all about obstructing, preventing & blocking THAT benefit for the Middle Class & poor. President Clinton had the nation back on its feet in 2 years! Even after losing Congress & comprehensive party support. But he also had the ear of the people who let conservative legislators know (in ’96) that they’d better work w/the President or get lost. & no, it wasn’t perfect, but it was better than Reagan/Bush. Just as we see now, as we are slowly climbing out of the hole, w/a President that had both hands tied bhind his back. That, my friend, takes moxy!!!

  • I agree with Buffett but I want him to put his money where his mouth is. Why not be a power of example by writing a check to the IRS in an amount he believes would more equitably reflect what the 1% should be paying? It is not difficult to be 81 years old and decide to give away 99% of your estate to charitable causes during your lifetime or at your death but it is not a sign of being philanthropic. At 81, Buffett can afford his ticket into heaven but I’m not impressed with his earthly generosity.

    • ObozoMustGo

      G… for once, an honest and objective liberal. Thank you for your objective assessment of one of the biggest hypocrites in America.

      Have a nice day!

  • Rod Baakkonen

    Ok, Obozomustgo, why aren’t you a successful as Buffet. You have drive and initiative. What is the problem? If all it takes is drive and initiative certainly there is nothing standing in your way. As some one who has obviously pulled themselves up by their boot straps and owes nothing to anybody else, Buffet size success must be on the way.

    Oh wait, I bet Obama and some gov’t regulations have stopped you from getting to the 1%. Surely Romney will fix that and you will be on your way again.

    • ObozoMustGo

      Roddy… Not everyone can be Buffett. Not everyone wants to be Buffett. But I do have a preference for hard work and initiative, and an incentive system that rewards my talents and abilities without confiscatory taxes that allocate my labor to the benefit of others that have not earned it.

      The point of what I wrote about Buffett is that he is a magnanimous and pompous hypocrite that surely could put his money where is mouth is, but chooses to get on his soap box in public to support Obozo when in reality it’s all just in his own self interests.

      By the way, I’m not what you class warfare mongering leftist nutjobs call a “1%”. I do have income in the top 5% in most years, but work commission only so it varies.

      Now, back to your bong, you Occupy bum!

      Have a nice day!

      • Rod Baakkonen

        One thing I have learned in trying to have a discussion with right wingers. There is no doubt in their mind that they have the correct answers to all the US problems. All that is stopping their solutions is the lefty’s getting in the way. If you could rid the world of democrats/progressives, everything would be perfect and all the problems would be solved.

        So as a top 5% person, you must recognize that you were afforded opportunities and circumstances that not every one else had. There was structure around you that contributed to you getting where you are today. Hiding behind your ObozoMustGo, we will never really know how you grew up and what doors opened for you along the way. You could tell us anything and we would have to accept it without being able to check the details. I think hard work should be rewarded. I’m just not sure the top 1% works that much harder that they should get increase of 673 billion each year. While hard working middle class people try to get by on 31,000 a year. Bankers and Wall Street break the economy and expect the middle class to pay for the cleanup.

        You say that not everyone can be a Buffett. That seems to be in contradiction with your statements as to how Buffet got to where he was in your first post. All you need is individual liberties, drive and initiate according to your first post. Certainly, you must work as hard a Buffet does, but the incentive rewards system you talk about has not chosen to compensate your talents at the rate that Buffet was. It is hard to believe that Warren would have more talent. So with all your hard work, you are telling me you could have gotten to where Buffet is. But you just didn’t want to. Maybe you just aren’t the pompous magnanimous type and that is where the difference is between you and Warren. But I think if you really sit down and look at it, there is more to Buffet making his billions than hard work, initiative and individual freedom.

        • ObozoMustGo

          Roddy… the median income in America is about $46K and the average family income is $63K according to the latest available data. Google it. There are a few different answers you’ll come up with but they all seemed to be in the same range. I could not find the $31K number anywhere.

          As to everyone being like Warren Buffett, he certainly has worked in a perfectly competitive market and has proven himself more competent than most. Not everyone that plays professional football is Dan Marino or Joe Montana. Some are just better than others. And Warren is better than others at what he does. Clearly perhaps the best ever. And my first post in no way contradicts anything I have posted subsequently if you accept the most basic fact that some are actually better than others in what they do. You leftist nutjobs don’t like the world that way because it conflicts with your ideal visions of so-called “equality”, but it’s too bad for you that it is that way, and ALWAYS will be that way.

          Re: conversations with conservatives. You are correct about the fact that we are, in fact, right about our positions. I am sure that you are a good and decent fellow. But, you can be good AND be wrong. The difference is that the left perceives the right as something mean spirited and questions their intentions, while the right largely understands that lefties can have good intentions and be decent people while also being dead wrong on issues. And the left is dead wrong on the issues.

          There’s a new book out called “The Righteous Mind: Why Good People Are Divided by Politics and Religion” by Jonathan Haidt (pronounced “hite”). He’s a sociologist from UVa that has done surveys of right and left over the years. One of the surveys asks liberals to answer as if they were conservatives and another asks conservatives to answer as liberals. Almost universally, the conservatives get the left perspective correct where the left fails miserably at understanding the right.

          There’s another book by David Mamet, famous playwrite, called “The Secret Knowlege” that covers quite humorously how he used to be a leftist but came out of it. He has a deep understanding of the leftist mentality and recognizes how wrong he was for all those years. It’s a great read for anyone, right or left.

          And of course, there’s David Horowitz. Raised in a radical 60’s socialist/communist household and former radical himself, who grew up and re-examined everything he believed to find out that the left is all a lie. Read his book “Radical Son”.

          Those 3 books are a good start for you in bringing you out of the dark of leftism and into the truth of conservatism. They will help you to understand that the right is NOT mean and without care. We have the same good intentions as you, but know there is a better way than government expansion and control, which NEVER solves anything except the enrichment of politicians and the slow but sure depletion of individual liberty while simultaneously creating more of the problems they initially sought to resolve in the first place. Liberalism is the disease that presents itself as it’s own cure.

          Have a nice day!

          • Rod Baakkonen

            Obozy, Don’t believe everything you read on Wikipedia. The figures you use are for 2004 and have declined significantly. Google the average income of the 99% and you will see where I got my figures. Wages have been stagnant for 30 years, productivity has increased
            80% and CEO compensation has increased 725%. Rick Perry called in Vulture capitalism.

            I see you chose to ignore the part about how privilege and opportunity are not the same for all in the US. And the fact that the bankers/Wall Street expect the middle class to pick up their mess. They is no shared sacrifice to fix our problems. Why the rich can’t be asked to contribute more to fix the mess they mostly gave us is beyond me.

            I’m sure their are many well meaning conservatives in the world. But most of those people are not in the 1% and are not likely to ever get there. Hard work or not. Greed, selfishness and what’s in it for ME are pervasive today. And is more likely that those people are Republicans than Democrats/Progressives.

            I think everyone would love small government. Every time we start deregulating, the crooks make off with our money. Michael Milken, the Savings & Loan scandal of the 80’s and now are current debacle show that common people need someone to keep an eye on the financial/investment community. It used to be that banks made money financing projects/opportunity. Now 40% of their income comes from gambling their resources through derivatives and credit swaps. Bets on whether the economy in Greece will fail and other financial instruments leave us on the brink of another disaster. The 1% make poor decisions and we get left holding the bag.

            30 years of Reaganomics has gotten us where we are today. Trickle down economics doesn’t work. The Republican party is for the people with means and money. Why anyone in the 99% thinks Republicans will do anything to correct the problems that exist today is crazy. Will the 99% finance Michelle Bachman’s campaign. No. The people with money have never had it so good. They have lobbyists persuade congress of what the rich need. And look at the incomes of our politicians. We have the rich voting for tax breaks to themselves.

            I have voted for conservative candidates in the past. But not now. When Mitch McConnell says his TOP priority is to make Obama a one term president, how can the country address it’s problems.

            Conservatism is not without it’s downsides. Free Markets will never regulate themselves. There is no incentive to. A businesses main goal is to make money and if corners can be cut to maximize profit, so be it. Look what happened to the barracks in Iraq when we privatized there construction and maintenance. Soldiers were electrocuted in the showers in the name of profit.

            Hopefully someday you will realize that the ideology that you propose has consequences. And that the answer to our problems lies somewhere in middle between liberalism and conservatism.

          • ObozoMustGo

            Roddy… the figures I quoted were not from Wiki. They were estimates given that came from numbers from multiple sources that seemed objective and reliable and not political. Besides, to argue over the numbers clouds the issue of the discussion. Like I said, a flat tax on all income over a certain threshold, be it $50K, $40K, $30K. Whatever. No loopholes. No deductions.

            Show me a place where privelege and opportunity are the same for everyone, Roddy. Show me that place please. The fact is that it does not exist. I am constantly confounded by you leftist nutjobs inability to see the abundant opportunity offered to ANYONE in America. For Pete’s sake, your messiah Obozo is a perfect example of the very fact that in America, anyone can achieve anything. There is nothing that prevents you or anyone else from overcoming the difficulties or barriers that are presented to EVERY person.

            How exactly do rich people steal money from poor people that have none? How does that work?

            You leftist nutjobs like to cite these stupid examples of how evil profit seeking companies are. Things like soldiers being electrocuted in a shower BECAUSE a contract was privatized. How stupid can you guys be? As if public, not for profit, or government run operations NEVER make any mistakes. How stupid can you be? This blind faith in government being able to control all and be the benevalent master capable of perfection and beyond corruption is an absolute myth if there ever was one. Id’ rather have 100 Bernie Madoffs that screw a total of 10,000 people than to have 1 crooked government program or politician that screws ALL of us!

            And finally, the answer being somewhere in the middle is a not accurate. We have tried the liberal thing for 100 years and it is bankrupting us. Think of the history this way. That has come from both sides of the aisle. Early in the 20th century, D’s wanted social safety nets, R’s wanted to protect their big business buddies from competition. Over the years, they each compromised with one another because they each gained. The 60’s came and the D’s began an internal conversion away from a focus on unions and social safety nets and instead became much more radicalized and leftist/socialist focused. The R’s responded to this by slowly becoming less focused on big business and more focused on individual liberty and smaller government. The transition of each party has not been immediate, but rather has been evolving over a number of decades. I get into the weeds on this one because the answer is NOT in the middle between socialist ideals and ideals of freedom. Those are two completely incompatible concepts where compromise is not possible. Therefore, the real discussion in American politics these days should be over what is the proper role of the federal government in America today. Once we settle on that matter, the others fall into place quite nicely.

            Have a nice day, Roddy!

      • rustacus21

        OUCH!!! Those damned slings & arrow hurled by the self-righteous!!! In case U haven’t heard the news, the class war? The Middle Class is losing & the poor are completely out of the battle & in hiding. Look around U. U elected conservatives to the legislature & the White House & in turn, have a majority in the Supreme Court, but noting of benefit to show 4 it. It’s gone terribly wrong for the Middle Class & the poor, but the rich & corporations are now, as Mr. Buffet articulated, closing the doors of opportunity behind them & erecting barricades so that not even U can follow! The opportunity to even work 1’s way up the ladder as Mr. Buffet did – HONESTLY & w/virtue, is now gone, thanx to conservative greed, corruption & class/race/culture/gender hatreds. Conservative voters, in turn, hate the wrong people (Buffet, the Prez., Liberal/Progressives), while loving on vampires, gouls & other such bloodthirsty beasts & monsters. Whatever U think conservatives have done 4 U – & Liberal/Progressives have done against U, U may want 2 re-check U’r facts, reality & history & have all that strait b4 November. As Mr. Buffet exemplifies, U MUST believe in something larger than the ‘self’ – or in the case of conservatives, the ‘tribe’…

        • ObozoMustGo

          rusty… look at that. Predictable…. like any good and confused leftist would do… resort to the Holy Trinity of the left: RACE, CLASS, and GENDER.

          Explain to me how you go through life seeing everything as a struggle involving race, class, or gender? The “victim mentality” that clouds the thinking of you leftist nutjobs is puzzling to those of us capable of objective thought.

          The thing that’s so evident in your writing, rusty, is that you actually have no clue how conservatives think. I know, I’ll get cute little snide response on this one, but it’s true. You have no clue why conservatives think the way they do. While on the other hand, conservatives definitely know how the left thinks the way they do. And knowing that makes us more conservative.

          There’s a new book out called “The Righteous Mind: Why Good People Are Divided by Politics and Religion” by Jonathan Haidt (pronounced “hite”). He’s a sociologist from UVa that has done surveys of right and left over the years. One of the surveys asks liberals to answer as if they were conservatives and another asks conservatives to answer as liberals. Almost universally, the conservatives get the left perspective correct where the left fails miserably at understanding the right.

          Give that book a try, rusty. I have others I can suggest to you that have been written by former leftist nutjobs who grew up and discovered how twisted their minds were as leftists. It’s a start toward curing yourself.

          I am here to help you, rusty.

          Have a nice day!

  • gendotte

    Unlike a rightist nut job such as yourself?

  • HGLtraveling

    Warren Buffet appears to not only have been born with certain economic sense talent, but also with enormous capacity for compassion and common sense. I only wish I could know him personally as I find him a truly adorable [in the purest sense] representation of mankind. Thank you Warren Buffet! From one of the “other 99%”, gifted with artistic talents that don’t necessarily pay off $$$ [at least not in this country]. HGL

    • ObozoMustGo

      HG… you should move to a country where they pay more for “artistic talent”. I think you’ll be hard pressed to find that place. After all, the best artists in America do very well. Witness Hollywood, the musicians that have made it, the artists who have made it either with their art directly or for use in advertising and creative media. It’s just that there’s not much of a market for less talented people’s “art”. You should try getting a real job if your artistic talents cant support you.

      Dont hate on me. I’m just the messenger.

      Have a nice day!

  • To all of U conservationists, et al:

    Please R E A D T H I S (Poem I call it )! Or get off my back, & STOP pestering for donations (as if U R the ONLYs, in this world! )

    CLIMATE CHANGE is REAL ! As all can plainly see !

    Next understand: The primary endangered specie, out there, is US! The HUMAN specie! And stop calling us human beings! For we will STOP being, if we don’t smarten up pretty soon! And NOT alone! We will take with us all of the dog-beings, cat-, horse-, tiger-, polar-bear-, & other-life- beings. (That makes US the #1 endangered specie! — for WE can DO sumpm about it, for ALL of US.) We humans, all-together, can start to be conscious of CC, & each DO whatever we can to reduce our Carbon Foot-print! The biggest element is STOP MAKING WAR! For war is our one major activity that produces nothing that’s needed for being. War MAKES n o t h i n g but death, waste, n destruction!
    Where is that “War-to-End-Wars” idea, so prominent after WW I? Then again after WW II? Guess we found it easy to sweep under the rug, where not seen. Or simply to the ‘back burner’, to simmer awhile & soon to be forgotten  Never allowed to slow the operations of the EMPIRE. The glorious empires of history each, in turn, died, driven asunder by their peoples, rising against oppression, or simply by corruption in its upper krust – such as WE see now in the utter insanity of the rt-wing fanatics in Congress. (Declaring, un-ashamedly, their foremost objective in office, not any legislative effort, but to bring down the Obama gov’t. Thus they obstruct operation of Gov’t itself! Can’t understand their stupid activities to be the first steps toward destroying not only our Gov’t, but our country itself. They also obstruct vital efforts for salvation of this Planet, Earth! They hark back to the Constitution again and again, unmindful that their own nasty efforts are unconstitutional, shaping us into Empire as with cohorts in history! Our Founding Fathers sought to FREE us from Empire, bustling in contemptuous disregard for the general welfare. In lieu of pompous kings, dukes n bishops, arise swaggering CEOs, et al, of major corporations!
    Bring on Provisional World Parliament and World Constitution, as developed in Democratic Manner under the lead of the World Constitution & Parliament Assn. Set it up to be Ratified! Reduce conquering armies to National Police. Advance the hallowed Patriotism of old to a new and bold Planetarianism! Bring forth Esperanto as the Universal Second Language, so that all can speak, read, write, and understand each other!

    Submitted With Humility!
    Allan C. Boschen.

    • ObozoMustGo

      Allan… I think you submitted that while on crack! That’s different than humility.

      Have a nice day!

  • Like any authentic genius, this man cannot be contained within the confines of any ideological construct.

  • rustacus21

    This dude is amazing!!! When has any 1 in America EVER KNOWN such a wealthy person to be of such honest virtue?! Not very many, which brings us 2 a next observation we ought recognize – that this wasn’t just an ordinary ‘recession’, but rather a ‘depression’, the 2nd in 80 yrs., w/Republican conservatives ‘fingerprints’, ‘footprints’, ‘DNA’, etc., all over it! Democrats failed only in not being more forceful in their arguments & actions, in not doing more to impede the intentionally orchestrated economic Republican disaster, which coalesed in2 the economic disaster of 2001-2008, culminating in a predictably disasterous collapse. Mr. Buffets wisdom can be summed up in his good fortune of being diligent, virtuous, but above all, honest! He refused to make his fortune off the ‘misfortune’ of others – unlike the SOB’s as those who have now run J.P. Morgan in2 the ground & will be coming to the government – AGAIN – for a WELFARE check, not b/c of un4seeable incidentals, but intentional GREED & reckless gambling w/others money! Mr. Buffets predictions in 2007 were so ominous, but unlike the conservatives blinded by the same greed that was eroding our economic system between 2001-current, this administration has fought tooth & nail, to end the corruption, greed & immorality that is rotting American capitalism, as well as its political system. We didn’t, however, need Mr. Buffet to tell us about the critical dangers of ‘dynastic’ wealth, exclusive tax avoidance, by virtue of bribery of public officials & the growing threat of ‘plutocracy’ to our nations Democracy – this was what Vice President Al Gore, President Bill Clinton & President Obama have all warned about, but it seems only conservative voters & fence-sitting independents & morally jaded democrats have refused to understand & vote against. Understand that when a member of the wealth class warns unsophisticated, ignorant American voters to get their act 2gether, U’d BETTER hear him & LOUD & CLEARLY!!! Under these conditions, America, the Democracy, won’t last much longer, w/elements such as the last administration & the blood-sucking, vampiristic parasites it enabled, to steal our national wealth from b4 the ideologically blinded eyes of conservatives… & here they come again, w/the same ‘con-game’…

    • ObozoMustGo

      Rusty… JP Morgan is NOT going to the government for a welfare check. They lost $2B on bad trades while the make $19B in profits this year. It’s a big loss, but not a big deal to the company in the grand scheme of things. I’m not defending them. They are part of the crony capitalism mix that Obozo has ushered into perfection. I’m just stating the objective truth. And, NO, I dont believe ANY business should have their losses socialized on the rest of us.

      Have a nice day, my lefty friend!

      • rustacus21

        Oh, they just had the BAD LUCK of appointing the most stupid CEO & president a company would ever hate to have! & all the while, they’ll be paid millions, while the company is at risk of sinking!!! This is what President Obama was trying to force thru when he recommended HIS Democratic majority RAM THRU legislation to SAVE the banking & investment industry from it’s own greed. But this is nothing new. All that Depression era legislation? It worked for decades, til Reagan & then, when Clinton came into office, being hammered by conservatives anxious, like now, for a vendetta to redeem Nixon & Reagan (& now Bush II). There’s nothing ‘objective’ about criminality, vice, injustice, wrong-doing. The ole’ boys network is what needs to be de-constructed. They’re criminals & it’s time we save the nation from them, as well as saving them from themselves!!!

        • ObozoMustGo

          rusty… they lost 2 dollars out of the 19 dollars they had in their pocket… it’s not really a big deal. NO! THEY SHOULD GET NO BAILOUT FOR IT, EITHER.

          Ufortunately, to a leftist nutjob like you, the word banker and criminal are synonomous. But banks provide a valuable function in capital formation in a capitalist society and are every bit as important as any other factor. Yes, some regulation is needed. But if we just let them fail when they deserve to fail, they’re much more likely to make sound decisions knowing there is NO BAILOUT to save their butts if they take unneccessary risks.

          I dont expect you to understand that because being a leftist is all about trying to regulate any loss or failure or pain out of existence. It cannot be done, but that doesn’t matter to the progressive useful idiot crowd. It’s why leftist nutjobs will never succeed, but will keep on trying the same things despite the miserable record behind them.

          Have a nice day!

          • rustacus21

            … & again, we can agree 2 disagree, but neither of us will be able 2 dispute that the lack, UTTERLY, of meaningful regulation, oversite & POLICING of these CROOKS got us 2 the point of 2001-present & even 2 the point of their strong-arming THIS administration to BACK OFF from even doing so. No regulatory apperati, more criminality. It can’t get any more simple than that. Even 4 conservatives such as U…

          • ObozoMustGo

            Rusty my leftist buddy, what you fail to acknowledge is that Obozo is just as crooked and sucked into the wall street machine as anyone has ever been. I want an end to crony capitalism but not a lurch into socialism.

            See you later rusty.

            Have a nice evening!

  • What a Guy! What wisdom, hard work, and understanding! But I don’t see wealth and poverty as the divine will or the Provocation of God. But more a thing of Philosophy. Pushing and shoving against what “good truly as a liberator”. In what Warren has come to understand about! Is perforcing the devaluation of the good and honest living! I call it the fabricating and manufacturing of “Anti-Christ”! Or Anti-family. That is the saying ” I have no need for the well-being of America, When I can Exploit the “Whole World”, And we can never call the Agenda a Conspiracy. This is all about the on-going deformation and demonizing of Conservatism versus Liberalism. As I paste a little history and its revision in place.
    With the North victorious in the War Between the States, Republican dominance was assured over the Southern Democrats. Although a combination of former Whigs, Moderate Republicans, Northern and Southern Democrats looked to lower tariffs, the Egocentric Republicans managed to eject the Southern delegations, arrest their opponents, overthrow Southern states, establish military despotism and overawe their opponents for the next ten years. The high tariffs of the Lincoln era remained in place for the next decade. The economic policy of Protectionism continued to dominate American politics until around the early 20th century. For the remainder of the century the issue was not as much about the “Level of Protectionism” as it was about the growth of Capitalism and Corporation control through the Centralization for Governing and the subsequent issues regarding Labor Rights. Although the beneficiaries of Robber Barons. The GOP at first succeeded in forestalling the issues of corporate capital centralization and increasing the “degradation of labor” by pointing to the success of Protectionism as the source for protecting American jobs. President William McKinley stated the United States’ stance under the Republican Party is thus: “Under free trade the trader is the “master” and the “creator” the slave. To control the basic need is to control creator! Protection is but the law of preservation. Too “survive” is but the law of nature, securing the highest and best destiny of the race of man. That is to say! A bread of man! A bread of Philosophy! Is the survival of the species that counts.
    [It is said] that “protection” is immoral…. Why? If protection builds up and elevates 63,000,000 of people [the U.S. population], the influence of those 63,000,000 people supports the rest of the world. We cannot take a step in the progress of proclivity without benefiting the parasitism of the poor and needy everywhere. Well, they say, ‘Buy where you can buy the cheapest’…. Of course cheap, applies to labor as to everything else. Let me give you a maxim. That is a thousand times better than that. And it is protection maxim: ‘Buy where you can pay the easiest.’ And that place of earth is where “the master” wins its highest rewards.” [That is to say, as “creator” became a slave to devaluation. As the master of the vineyard, comes to legal ownership and exploits creator on principal. In the “degradation of common good and honest living. Through the governing of centralization.] President Ulysses S. Grant further echoes that in his quote here: For centuries England has relied on protection. And has carried protectionism to extreme and obtained satisfactory results from it. Conspiracy

    There is no doubt. That it is to this system. It owes its’ posterity too. After two centuries, England has found it convenient to adopt free trade because it thinks that protectionism can no longer offer it “Master”. Very well then, Gentlemen, my knowledge of our country leads me to believe that within 200 years. When America has gotten out of protectionism all it had offer. It too, will espouse to free trade.
    [That is! Through the deformation and centralizing of govern. Too commercialize and privatize Our Constitution. That is. As Liberalism seeks to protect ”Creator”. The laboring and family of “We the People and All Men are Created Equal! As Conservatism seeks to demonizes Protectionism/Protection as a very “Immoral” thing. That is. The Love and Nurturing of Life and Well-being as a “Great Sin”. In order too privatize, exploit and disavow “our basic needs” on principal. As the precursor of the “American Liberty League”! In the egocentric, that it is “Immoral” to triumph over the Natural Law of Survival, for the very well-being of all the common man. As the Deformation of Govern brought into policy the Mundell-Tobin effect. Don’t ever consider a depression an “accident” or even a “conspiracy”. As it came into play through the Agenda! Through the deformation and deregulating of policy in the centralization of governing through the Greater Liberty. That is. Through the deformation and demonizing of Conservatism versus Liberalism.]
    After the depression in 1937 this brought into being the Conservative Manifesto. While the GOP managed to “convince small businesses and labor” of its “altruistic support” for their interests and well-being. Yet the increasing dominance of centralization and large corporations pushed out of the market. Small manufacturers, artisans, craftsmen, and tradesmen. As they ultimately came to called into question the GOP’s true allegiance. In reply, Southern Democrats gradually rebuilt their party, restored a modicum of small industries in the South. And allied themselves with Northern Progressives. That were, both Republican and Democrats, opposed, to the Big Business Domination over the GOP. This coalition had many differences between themselves. But it was staunchly opposed to the “great corporate trusts” laid against Conservative Values. That is. A consortium of independent organizations that formed To “limit” competition. By controlling, the production and distribution of a product or service. Setting up a “trust and faith” in the hope of gaining a monopoly! That is. Centralization. Through the Deformation of Governing through the overt laid against Our Constitution. In the policies and regulations of government control! As a Monopoly! As we see a marriage of convenience that came to face the “great corporate trusts” laid against Christian and Conservative Values. Reinvigorated the Democratic Party. Which catapulted back into power. Realizing the great proclivity Big Business had over the GOP, Northern Progressives sought free trade as a means of undermining the power brokers that came to corrupt the Conservative Manifesto As it did Conservative and Christian Values. Woodrow Wilson would admit as much in a speech to Congress. Woodrow Wilson’s ideological understudy of Franklin Roosevelt would essentially blame the Great Depression upon the protectionist policies exemplified by the previous Republican President, Herbert Hoover. However, these rhetorical attacks were more “political talking points” required to differentiate the Democrats from Republicans, than real and deep ideological contrasts. Regardless of which party was in power, tariffs and other protectionist policies remained in place, with arguments over their rates and amounts being the issues defining the two parties. Consequently, Protectionism remained a policy of the government throughout the 20th century until it was finally totally abandoned by the US in 1973. Through the peer pressures, of the American Liberty League. What today we know as the Chamber of Commerce.
    [This carried the agenda of “governing and policy” into the captivity of Big Business as free trade set Proclivity too the controlling force of the Mundell-Tobin effect. The “by whatever means necessary” of what the market can extort today! As the GOP Agenda, deregulated the Banks and the Stock Markets on principal. At the discarding of human decency! Through policy and deregulation! Because! Aiding and supporting the basic needs of the common good and honest living! Is a Great Sin laid against the “Law of Survival”! As we look at what abandoned Christian and conservative values within the “Conservative Manifesto” today!
    The statements called for;
    1. Lowering taxes on capital gains and undistributed profits, As the absolute.
    2. Reducing government spending and balancing budgets. The devaluation laid against the well-being of the common good and the honest need.
    3. Restoring peace to the relationship between labor and industry – Abandoned
    4. Resisting government competition with private enterprise – Abandoned through lobbing and special interest. In the Agenda of the Chamber of Commerce!
    5. Recognizing the importance of profit in private enterprise – The Out Sourcing of our Jobs for foreign profiteering today. As the banks out sourced our Checking and Saving Account through the speculators of the Stock Market and Banks.
    6. Protecting collateral as a prerequisite for credit- Exploitation through the Credit Card! Borrowing to survive on the future of our family and child. Through the policies attributed to the Mundell-Tobin effect. Inflation and the cost of living and borrowing. Through the Chamber of Commerce.
    7. Reducing taxes- through special interest and bribery given unto profiteering.
    8. Maintaining states’ rights – abandoned through the shutting down of “bargaining rights” and the impediment our “voting rights” today.
    9. Aiding the unemployed in an economical and locally responsible manner – being abandoned today. In the Bigoted Ideology of the “Lazy Bum” and a “Free Loader”.
    10. Relying on American free enterprise. – As the deformation and exploiting of the Conservative Manifesto today is taking over governing and Our Constitutional Rights! As the American Liberty League was the precursor that set in place the chamber of commerce. Of today.
    [As we see the statement the Old Right as it laid deformation and demonizing against Roosevelt. That is the “Promoting of Socialism” in being a traitor to his “upper class”. A social group defined as the Existentialist in the Centralizing of the Exclusive Right! Because The New Deal strongly supported “labor unions” which became the main target of conservatives. Laid against the mothering and fathering of the good and honest living today. When Roosevelt tried to bring the country out of “the great depression” and ease the plight of the unemployed. That is. The well-being of the common good and honest living, through the “New Deal”. Conservatives fought him “every inch” of the way. Sound familiar? The counterattack first came from conservative Democrats, led by presidential nominees John W. Davis (1924) and Al Smith (1928), who mobilized businessmen into the “American Liberty League”. That is! Those possessing the “greater economic advantage”, Set in the greater liberty of the few. In total opposition to the New Deal.] What came from the sophistic of the Old Right. That is the sophistic of a great philosophy, “To aid and protect the good and honest living in their “basic need” is “Immoral”! That is, The Preservation of Life is a “Great Sin” laid against the philosophical bigotry of “Survival”. A group of conservative free-market anti-interventionists that originally associated with Midwestern Republicans led by Hoover and Robert A. Taft. The son of former President, William Howard Taft. As we see in our present now the on going plight of “extremism and insatiable”. While it’s all said to be “the Divine Will and Providence of Our Forefathers in the Name of Jesus Christ”! As we see the deformation and demonizing of the “past” laid against Our President of Today. That is! The Agenda! “ I have no need for the Well-being of America. When I can exploit the whole world.”
    The Soul Intent that “The Preservation of the good and honest need” is a very “evil” thing. “A Great Sin”! According to the Conservative Manifesto, set to the “Overt and Profiteering” of today

    • ObozoMustGo

      Hey Winks…. that has got to be one of the most insufferable, difficult and discombobulated pieces of writing that I have ever struggled to read. That applies whether someone agrees with your most fractured points or not. That’s just plain terrible writing. Only rustacus comes close with similar broken ramblings, but he’s not in your league.

      Please dont post any more unless you’re willing to give up taking LSD for a day or so. That’s probably not going to happen though. Too bad.

      Have a nice day!

      • rustacus21

        Dude, don’t hate!!! We tolerate U & that’s pretty unbearable in itself…

        • ObozoMustGo

          touche’ rusty! 🙂

    • rustacus21

      CHEERS & GREAT take!!! Unfortunately, many conservative voters are completely unaware of the ‘conservative manifesto’ & in many cases, are (this is no slam, just a fact) 2 ‘unsophisticated’ 2 be able to coherently, competently read it & understand it 4 meaning!!! This is the reason they come on here & 2 the polls w/little 2 no facts, but much rumour, ideology & falsehoods guiding them. It’s hard to have a conversation – let alone a debate, w/individuals so intellectually limited. But by all means, DON’T STOP POSTING!!! After several readings of this article, which is an outstanding expose on 1 heckofa fine American business ‘LEADER’, it may in fact make sense… Perhaps… Hopfully… Great points & perspectives…

  • rustacus21

    PROOF!? R U kidding? What more proof R U looking for?! Our nation is a mess!!! Corp’s order OUR elected officials around like pet poodles? Our human & physical infrastructure disintegrating, b/c of the lack of EQUITABLE tax support across all income demographics? The cavernous & growing income gap since 1981? All b/c conservative voters have some demented idea they’re the ‘next’ Buffet, when they only possess the brains of a BOZO-esqe citizen-CLOWN?! Thru jaded, racist eyes, conservatives are unable to understand that what’s bad for ‘some’ Americans (womens’ unemployment STUCK at 9%; non-Whites between 10-14%; non-White teens close to 22%; the hi cost of education, edging beyond the reach of ALL but wealthy, etc., etc.), will be disasterous for ALL Americans, as we have witnessed over the last 31 yrs of Middle class decline. Remembering that conservative administrations have been in office 20 of the last 31 yrs, the declines have been at the expense of the Middle Class, while the gains have ONLY gone to who!? Oh, the wealthy & corporations, which, AGAIN control YOUR government! I’d say that’s as close to a plutocratic overthrow of Democracy as we WANT to B… What say ye!?

  • Mr Buffet if you like to throw a million my way…i sure in hell wouldnt mind…i surely could use it….

  • I WOULD LIKE TO HELP SAVE HIS LIFE.MR BUFFETT, THERE ARE CURES FOR ANY KIND OF CANCER A PERSON CAN GET. DOCTORS ARE BOUND BY THE LAW, THAT THEY CAN ONLY OFFER THREE THINGS TO A PERSON SUFFERING FROM CANCER. THEY CAN NOT RECOMMEND ALTERNATIVE ‘S. MANY ARE AWARE OF THE NATURAL CURE. EVERY TIME THEY LOOK INTO THE FACE OF ACTRESS SUZANNE SOMERS, AFTER THEY TRIED TO DESTROY HER WHEN SHE SAID SHE WAS GOING TO TRY SEEKING (HELP FOR HER BREAST CANCER). OUTSIDE OF THE BOX. THE GENTLEMAN I SPEAK TO YOU ABOUT , RESIDES IN DETROIT MICHIGAN.HE SPECIALIZE IN TEACHING OTHERS HOW TO HEAL THEIR OWN BODIES OF CANCER. MANY HERBALIST PRACTICE NATURAL HEALING, WHICH IS WHY YOU DO NOT NECESSARILY HAVE TO CALL EARL SMITH.@1-313-590-1958. HIS LAST BOUT WITH CANCER WAS COLON CANCER. THAT BEING, THE THIRD TIME, SUFFERING WITH CANCER..HE WAS IN STAGE 4, WHEN STRUCK DOWN WITH COLON CANCER…GIVEN 2 MONTHS SURVIVAL, IF THE DOCTORS COULD NOT TREAT HIM. THAT WAS ELEVEN YEARS AGO.BUT IT WAS THROUGH, BEING STRICKEN THE THIRD TIME THAT HE FOUND THE KEY TO KEEPING CANCER FROM RETURNING……RESPECTFULLY…THERESA LINDSEY

  • P.S. THOSE THREE THING’S A DOCTOR CAN OFFER THE SUFFERING, IS 1. CHEMOTHERAPY.WHICH POISONS THE INSIDES. 2. RADIATION, WHICH BURNS THE INSIDES. AND OPERATION.WE ALL KNOW WHAT HAPPENS WHEN CANCER IS EXPOSED TO AIR….YOU CAN GO TO ANYONE YOU WANT TO, IN ORDER TO CURE YOUR CANCER……GO THE HERB ROUTE.NO NAUSEA ,NO HAIR LOSS, NO WEIGHT LOSS.THERE IS NO REASON TO STOP WORKING……JUST PLEASE I BEG YOU.DO NOT GO TO A DOCTOR………WE CAN NOT LOSE YOU…….AND THEN AFTER YOUR LIFE IS SAVED.MAYBE THEN YOU WILL COME TO MICHIGAN AND HELP HIM PUT UP A CLINIC FOR THE CURE OF CANCER. JUST SAYING…..MANY BLESSINGS.THERESA LINDSEY

  • rustacus21

    To: Rod B… – Rod, don’t U just love those adjustments… BACKWARDS, when conservatives are out of office & the calculations have to be re-done & we find out things were, in fact much worse than they (conservatives) let on? Now imagine how President Obama felt on 1/21/09 & then U get a real sense of why conservatives wanted him out in 1 term: so he wouldn’t be able to show what a really EZY job Chief Executive is – when U have competent, qualified staff (in most cases anyway) to give a hand. Yea, those wikipedia stats will bite ya every time… I guess b/c it’s pretty much confined to a 5th grade level read… Great take…

  • rustacus21

    Mr. Bozo; U among many others have made the accusation of corruption, but I’m an open minded Liberal/Progressive, as U know from my criticisms PRESIDENT OBAMA; so if U have solid, varifyable proof of ANY CORRUPTION by THIS administration, I’m open to consideration…

  • Several of you have called Buffet a hypocrite. He should just give away his money instead of trying to convince others that they would be better off giving their fair share as well. He is not a hypocrite and he is not a fool. Unless all capitalists operate on a relatively equal playing field, one will use his advantages to cut the throat of the other. If all corporations paid a reasonable share of their profits, there would be no unfair advantage. Next, as some of you have mentioned, the basic economic principle of supply and demand requires both components. If there is no demand, the manufacturers of products acquire unwanted inventory. Unemployment slows the economy down. The capital is out there but for some reason, it’s not being plowed back into the economy to provide more demand. Part of the problem is the lack of regulations that have allowed financiers to completely devoid themselves of production and simply gamble with the money. Then they got the rest of us to bail them out. But that is not likely to work much more often.
    The most important problem in my opinion is capitalists’ inherent belief that the prime goal is to make money. It is not just a belief, of course, it’s a necessity. It’s the bottomline. Profit is good as an end and it doesnt’t matter what you have to sell or do to make it. Take salt and sugar and air, toss in some tasty hydrogenated fat and some artificial flavoring so you can whip up a batch of worthless fodder and sell it. If you can convince people to eat and drink worthless or even harmful things, do it, to the degree that you can get away with it. This is not so bad when it comes to food but when it comes to more destructive profit makers it can be downright catastrophic. WAR for example. If you can convince people that their very existence depends on investing in and even better, fighting a damn good war, capitalists stand to make a lot of money. It’s what the doctor ordered. It greases the skids and oils the gears and makes them richer quicker than anything. Ask Carlyle or Halliburton. On second thought don’t ask, just observe their results. Now if the tried and true has outlived its value, like communism, think of something new. Both parties have jumped on the bandwagon of war as great for the economy, let’s figure out how to have more war. And if you’re a true genius you can combine the war with something else that can make you even richer. (Like filthy fossil fuels, for example. Oil, Texas tea, black Gold). Keep a captive market because by blocking the development of renewables like hydrogen gas.
    War preparations and war worked well, but when the communist menace disappeared something was needed fast. Oh, let’s do another false flag operation like the Gulf of Tonkin. That should work again. Well, the Egyptian Salem spoiled everything when he taped the proceedings showing the FBI was providing the bomb material. (WTC ’93). Shhhh! No one hardly noticed and we’re starting to get them to lock on to the towel heads as a potential threat. Then came Kuwait and the incubator baby attack! Worked like a charm. Of course, Oklahoma City fizzled. They bought the lone nut theory, ignored the extra bombs, but it did let us slip in some nice crowd control legislation, but really did not give big enough bang for the buck. The mother of all false flags, 9/11, however, worked to perfection. We can attack any oil rich Muslim country we want and do not even have to worry about little matters like involvement or guilt. As ever, however, trouble once again reared its ugly head. Those towel heads were a little tougher than we thought and the inherent wastefulness of war put quite a drag on the budget and the economy. Well, there’s still Iran. Maybe we can squeeze a few more drops of profit and we’ll have the oil resources monopolized. With the control of supply, just imagine what we can do with prices!!!! (to be continued). . .

  • you will note mr. buffit made his money. as opposed to inheriting it. dnynastic wealth as in the bush clan etc. is the death of democracy.