No more Texas governors for president

“Next time I tell you someone from Texas should not be president of the United States, please pay attention.” - Molly Ivins
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Posts tagged "warren buffett"

inothernews:

Warren Buffett is talking to Jon Stewart on The Daily Show about why billionaires and millionaires should pay more taxes.

Gentle reminder that a billionaire and a millionaire are telling other billionaires and millionaires to stop being One Percent dicksmacks already.

Stephen King rips rich people a new one. And he’s not shutting up about it.

Tired of hearing about it, they said. Tough shit for you guys, because I’m not tired of talking about it. I’ve known rich people, and why not, since I’m one of them? The majority would rather douse their dicks with lighter fluid, strike a match, and dance around singing “Disco Inferno” than pay one more cent in taxes to Uncle Sugar. It’s true that some rich folks put at least some of their tax savings into charitable contributions. My wife and I give away roughly $4 million a year to libraries, local fire departments that need updated lifesaving equipment (Jaws of Life tools are always a popular request), schools, and a scattering of organizations that underwrite the arts. Warren Buffett does the same; so does Bill Gates; so does Steven Spielberg; so do the Koch brothers; so did the late Steve Jobs. All fine as far as it goes, but it doesn’t go far enough.

What charitable 1 percenters can’t do is assume responsibility—America’s national responsibilities: the care of its sick and its poor, the education of its young, the repair of its failing infrastructure, the repayment of its staggering war debts. Charity from the rich can’t fix global warming or lower the price of gasoline by one single red penny. That kind of salvation does not come from Mark Zuckerberg or Steve Ballmer saying, “OK, I’ll write a $2 million bonus check to the IRS.” That annoying responsibility stuff comes from three words that are anathema to the Tea Partiers: United American citizenry.

And hey, why don’t we get real about this? Most rich folks paying 28 percent taxes do not give out another 28 percent of their income to charity. Most rich folks like to keep their dough. They don’t strip their bank accounts and investment portfolios. They keep them and then pass them on to their children, their children’s children. And what they do give away is—like the monies my wife and I donate—totally at their own discretion. That’s the rich-guy philosophy in a nutshell: don’t tell us how to use our money; we’ll tell you.
Here’s another crock of fresh bullshit delivered by the right wing of the Republican Party (which has become, so far as I can see, the only wing of the Republican Party): the richer rich people get, the more jobs they create. Really? I have a total payroll of about 60 people, most of them working for the two radio stations I own in Bangor, Maine. If I hit the movie jackpot—as I have, from time to time—and own a piece of a film that grosses $200 million, what am I going to do with it? Buy another radio station? I don’t think so, since I’m losing my shirt on the ones I own already. But suppose I did, and hired on an additional dozen folks. Good for them. Whoopee-ding for the rest of the economy.
I guess some of this mad right-wing love comes from the idea that in America, anyone can become a Rich Guy if he just works hard and saves his pennies. Mitt Romney has said, in effect, “I’m rich and I don’t apologize for it.” Nobody wants you to, Mitt. What some of us want—those who aren’t blinded by a lot of bullshit persiflage thrown up to mask the idea that rich folks want to keep their damn money—is for you to acknowledge that you couldn’t have made it in America without America. That you were fortunate enough to be born in a country where upward mobility is possible (a subject upon which Barack Obama can speak with the authority of experience), but where the channels making such upward mobility possible are being increasingly clogged. That it’s not fair to ask the middle class to assume a disproportionate amount of the tax burden. Not fair? It’s un-fucking-American is what it is. I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share. That our civics classes never taught us that being American means that—sorry, kiddies—you’re on your own. That those who have received much must be obligated to pay—not to give, not to “cut a check and shut up,” in Governor Christie’s words, but to pay—in the same proportion. That’s called stepping up and not whining about it. That’s called patriotism, a word the Tea Partiers love to throw around as long as it doesn’t cost their beloved rich folks any money.

A speedy and fully recovery to him.

inothernews:

“This is to let you know that I have been diagnosed with stage I prostate cancer. The good news is that I’ve been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way. I received my diagnosis last Wednesday. I then had a CAT scan and a bone scan on Thursday, followed by an MRI today. These tests showed no incidence of cancer elsewhere in my body.

My doctors and I have decided on a two-month treatment of daily radiation to begin in mid-July. This regimen will restrict my travel during that period, but will not otherwise change my daily routine.

I feel great — as if I were in my normal excellent health — and my energy level is 100 percent. I discovered the cancer because my PSA level (an indicator my doctors had regularly checked for many years) recently jumped beyond its normal elevation and a biopsy seemed warranted.

I will let shareholders know immediately should my health situation change. Eventually, of course, it will; but I believe that day is a long way off.”

inothernews:

  1. Hyperbillionaire Warren Buffett says he should pay a higher effective federal tax rate than his secretary’s.
  2. President Obama, everyone else with common sense and decency agrees.
  3. Democrats move to open debate on the so-called “Buffett Rule.”
  4. Other hyperbillionaires, who think Warren Buffett is “just fucking crazy, no seriously WTF is wrong with this fucking dude, why the fuck does he want to give all our hard-earned money away?  To help the less-fortunate by using our — again — hyperbillions to help better the human condition?  No.  No.  NO FUCKING WAY!  Republican sugar daddies, please help us, PLEASE HELP US, STOP THIS PROPOSED LEGISLATION OR WHATEVER BEFORE IT EATS INTO THE FORTUNES THAT WE FORGOT TO STASH AWAY IN OFFSHORE TAX HAVENS, WAAAAAH, WAAAAAAH, WAAAAAH, HOW ARE WE NOW GOING TO PAY FOR OUR THIRD AND FOURTH HOUSES AND OUR PRIVATE JETS AND OUR SAFES FULL OF GOLD BULLIONS AND ALL OF OUR MAIDS AND BUTLERS AND MANSERVANTS, WAAAAAH, WAAAAAAH, WAAAAAH!!!!”
  5. Senate Republicans move to block debate on the Buffett Rule.
  6. Hyperbillionaires and other wealthy people give Republicans blowjobs galore
  7. Warren Buffett does facepalm
  8. President Obama does facepalm
  9. Everyone but rich people does facepalms.
And he countered the typical GOP retort: ‘You can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense. ’ (The camera turned to Warren Buffett’s secretary, who was sitting next to First Lady Michelle Obama.)

barackobama:

Meet Debbie Bosanek, otherwise known as Warren Buffett’s secretary—and the inspiration behind the “Buffett Rule.”

Right now, we’re poised to spend nearly one trillion dollars more on what was supposed to be a temporary tax break for the wealthiest two percent of Americans. Right now, because of loopholes and shelters in the tax code, a quarter of all millionaires pay lower tax rates than millions of middle-class households. Right now, Warren Buffett pays a lower tax rate than his secretary.

Do we want to keep these tax cuts for the wealthiest Americans, or do we want to keep our investments in everything else? Like education and medical research? A strong military and care for our veterans? Because if we’re serious about paying down our debt, we can’t do both.

The American people know what the right choice is: so do I. As I told the Speaker this summer, I’m prepared to make more reforms that rein in the long-term costs of Medicare and Medicaid, and strengthen Social Security, so long as those programs remain a guarantee of security for seniors. But in return, we need to change our tax code so that people like me — and an awful lot of members of Congress — pay our fair share of taxes. Tax reform should follow the ‘Buffett Rule’: if you make more than a million dollars a year, you should not pay less than 30 percent in taxes.

President BARACK OBAMA (via inothernews)
He makes his money the same way I make my money. He makes money by moving around big bucks, not by straining his back and going to work cleaning the toilets or whatever it may be. He makes it shoving around money. I make it shoving around money.