McNealy castrates Warren Buffett on how to give..

Discussion in 'Too Hot for Swamp Gas' started by ncbullgator, Sep 21, 2013.

  1. ncbullgator
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    ncbullgator Well-Known Member

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    http://www.cnbc.com/id/101040465

    Home run. Giving 1 million to 1000 entrepreneurs is exponentially and morally superior than giving handouts or letting government control your money. The chariable trust owns the shares.

    Liberals want entreprenuers to give their money away (to their liberal charities and to promote government dependency). They then use the MSM to promote this BS.

    Capitalism is far superior to increasing the standard of living for our society than government and private handouts.

    :happy:
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  2. oldgator
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    oldgator Premium Member

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    nice try---but the GOP 'trickle down' BS failed, and failed miserably. And if you think that repackaging it like that makes a difference----only to naive people who are gullible and fail to learn from mistakes---namely the mistake of trickle down economics.

    my guess is you are ignorant of economics and the failure or 'trickle down'. Only place trickle down economics trickled money(in a flood) was to foreign bank accounts of 1%'ers.

    putting the flaming feces that is trickle down economics intro a different wrapper simply means it's now----a flaming bag of feces
  3. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Dumbest thing I've ever read.

    Buffett has tens of millions in startups and venture capital.
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  4. northandsouth
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    northandsouth Member

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    Explain to me how wealth is created from the bottom up?
  5. gator85jd
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    gator85jd New Member

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    [​IMG]

    http://www.foxnews.com/politics/201...nt-checks-best-way-create-jobs/#ixzz2fYQwNlar

    My question is this: Is Pelosi not the dumbest creature on two legs to ever have inhabited the Earth? Including dinosaurs that were bipedal.
  6. ncbullgator
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    ncbullgator Well-Known Member

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    Nice try, but your ignorance is obvious. Stick to nursing. I'll stick to business and economics.

    Investing money through chartiable foundations and trusts are what McNealy is talking about; not the taxation and redistribution.

    How rich people give away their money is what we are talking about.

    Chartiable trusts should invest in start ups in addition to causes. The trusts can then grow in value substantially while utilizing capitalism to create jobs and wealth. Purely giving money away is not creating wealth or jobs.

    BTW, your feces comment is assinine.

    :wave:
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  7. ncbullgator
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    ncbullgator Well-Known Member

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    Really? I don't think so.

    His estate goes to the Gates trust (hypocritically bypassing the government's liberal gestapo) and that trust does not invest in start ups.

    :awkward:
  8. corpgator
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    corpgator Well-Known Member

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    How is wealth created from the bottom up? Poor people get money. Poor people buy goods. The money circulates. People create more goods. Lather, rinse repeat. Wealth is created.
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  9. northandsouth
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    northandsouth Member

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    Poor people get money how exactly if wealthy people do not have money to create jobs?

    Poor people buy goods with money that comes from where if not from jobs created by those with more wealth?

    Where do the poor get this money to circulate if not from those at the top of the chain?

    So, let me read you right. Money starts at the top, filters its way down to the bottom, then those at the bottom have a little money that becomes profits to the top, and then "trickles" its way back down again? That what you are saying?

    So either you agree that "oldgator" might be suffering from some sort of delusion or you inadvertently described a realty you might wish were not true. That being, that the "trickle down" theory is the ONLY way an economy can grow and create jobs.
  10. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Are you serious? That's a huge chunk of what Berkshire Hathaway does.
  11. ncbullgator
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    ncbullgator Well-Known Member

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    Berkshire is not his foundation or trust. Why cant you understand this?
  12. dangolegators
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    dangolegators Well-Known Member

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    Rather than telling people way smarter than you who they should give their money to, why don't you earn a few billion dollars of your own? Then you can give it away to whoever you want to.
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  13. ncbullgator
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    ncbullgator Well-Known Member

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    As always, you fail to address the topic and attack the messenger.

    Seek counseling.

    :happy:
  14. gatordowneast
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    gatordowneast Premium Member

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    The above has got to be in the top 10 dumbest statements I've ever read. Ask boat builders and auto builders and home builders and luxury product builders if taxing the hell out of the rich, not as rich and almost rich works. Those with big bucks and semi big bucks are not stupid and find other outlets. And there go the jobs.

    Old, you have no idea how trickle down economics works. Stick to health care.
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  15. vangator1
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    vangator1 Well-Known Member

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    You tax the hell out of the rich (and hope they don't pack their bags and leave) and give it to the poor. They'll either buy good or crack.
  16. rpmGator
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    rpmGator Well-Known Member

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    You create a million 50 grand jobs, and you will see how the bottom creates wealth as they will buy even more stuff from the wealthy. Growing the base, is how most things work correctly.
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  17. chemgator
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    chemgator Well-Known Member

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    How do you explain Bill Clinton's little failure of taxing the hell out of luxury boat sales to punish the wealthy? He basically wiped out the luxury boat manufacturing industry in America and put thousands of lower income class people out of work. How did that work out? Looks like you have some feces on your face, there...
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  18. chemgator
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    chemgator Well-Known Member

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    And where does this money come from? Fantasy-land? What you are describing is the destruction of wealth, not the creation. Gov't money is the collective wealth of a nation. When you hand it out and get nothing in return, that's called "wasting money". And if you want to look at a nation that made a living wasting money, look no further than Greece. That is our future if we keep wasting money. (Yes, it will take longer to destroy the U.S. economy, but it will happen eventually.)

    If you want to help poor people, (1) invest in education and (2) put them to work (or give them motivation to work). Gov't charity should be primarily for people who are physically or mentally unable to work. The gov't needs to spend money to maintain roads, fix bridges, build high-speed rail, etc. These things will provide jobs.

    Another thing: you have to think of the long-term unintended consequences of handing out money. What does it do to the mindset of people who are working their a$$e$ off making only slightly more money than the person getting a gov't handout? It won't take long before most of them quit working and put their hand out. Unemployment goes up, welfare costs go up. How does that help our economy?
  19. Swampmaster
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    Swampmaster New Member

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    i wish warren would give me 1 million---i could do some good things with it
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  20. corpgator
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    corpgator Well-Known Member

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    Plenty of studies show that stimulating the bottom is far better for our economy. We stimulate the top though, so they can save it and ship i overseas. I'm not advocating simply giving money away to the poor per se, but we are just giving money away to the banks right now and it's not helping us one bit.

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