Thread: Stop Coddling the super Rich

Originally Posted by USCitizen

That's an interesting question.
What is labor?
Were Newton or Einstein laborers?

Of course. Without the product of the mind, the product of the hands in many cases is not possible.

Someone had to conceive of a way to do something in almost every case, before it could be done.

An example of a burgeoning economy. Of course the economy is burgeoning with unemployment. These guys need to get realistic ... get a work visa in a third world country ... and stop whining. Manufacturing didn't go out of existence and offers a whole range of jobs for college graduates. While it may pay less in a third world country ... the cost of living is much lower. Friggin whiny liberals.

1 in 2 new graduates are jobless or underemployed - Yahoo! Finance
While there's strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor's degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.

About 1.5 million, or 53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed,

Originally Posted by michael h

"People invest to make money, and potential taxes have never scared them off."

of course thats 100% wrong. If you tax venture capitalists, for example, they have less venture capital and so we will have fewer new ventures like Apple Google Amazon and Intel.

Also, Buffet is a simple liar. He is not leaving any of his estate to the government because, as he has said, in effect, the soviet liberal bureaucrats will only waste it on ventures like Solyndra and A123 Systems!!

Originally Posted by 9aces

Of course. Without the product of the mind, the product of the hands in many cases is not possible.

Someone had to conceive of a way to do something in almost every case, before it could be done.

Yep, then someone had to finance it to get produced. So lets tax the investors so not so many ideas will come to fruition. Good idea, don't you think? Apparently some idiots in the administration believe it is.

Originally Posted by Brutus

of course thats 100% wrong. If you tax venture capitalists, for example, they have less venture capital and so we will have fewer new ventures like Apple Google Amazon and Intel.

Also, Buffet is a simple liar. He is not leaving any of his estate to the government because, as he has said, in effect, the soviet liberal bureaucrats will only waste it on ventures like Solyndra and A123 Systems!!

And don't leave out India Business Machines.
Yep, US taxpayer money going to India...sanctioned by Democrats and Republicans alike.

Originally Posted by USCitizen

And don't leave out India Business Machines.
Yep, US taxpayer money going to India...sanctioned by Democrats and Republicans alike.

I don't believe you are right. Some companies are using labor intensive workers in India because the elitist labor movement in the US can't produce products the average American consumer can buy. But as they do this they are creating good jobs in the US to ship, distribute, advertise and sell those products to Americans and in the process improving the economy here in the US. Every economist worth his salt has been telling us the fact for the last 20 years or so, and your post is far from factual.