[quote=AN][quote=briansd1]It’s interesting that those who want be rich don’t support the Buffett Rule. But Warren Buffett himself supports the Buffett Rule. Who’s the better judge of fairness and equity here?[/quote]
No one is stopping them from giving their money to the government. Why does Buffet give his money to charity instead to the IRS? Why are they not leading my example to send checks to the IRS? They are also welcome to pay for all of their employee’s income tax too if they want. Everyone is equal judge of fairness and equity. Just because you make more money doesn’t mean your definition of fairness and equity is more valid.[/quote]
True that no one is stopping him from paying extra, but why should he if the other rich people are not made to do so also. It is the principle.
[quote=briansd1]
Like Mitt Romney said, you can’t have simple solutions to complicated problems.
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Election Day’s still 12 months and a couple of weeks away, too far from now for a lot of voters to be paying attention. But big campaign contributors surely are.
The president’s already raised $90 million to keep his job. Republicans — with eight major candidates still in the running — have raised slightly less collectively, around $83 million.
It’s a truth of campaign finance that financial companies are big givers. And our Washington bureau chief John Dimsdale reports this year is no different.
John Dimsdale: Companies in the finance industry — including banks, insurance and real estate — have always been the biggest campaign contributors, ever since the Center for Responsive Politics began tracking donations by industry 20 years ago.
And it’s still true. So far this year, the finance industry or its employees have donated one in every 10 campaign dollars. In 2008, Barack Obama attracted almost 60 percent of the industry’s contributions. This year, the Center’s Michael Beckel reports a different trend.
Michael Beckel: All of the major financial players — Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America — Mitt Romney is their number one beneficiary this year across the board.
That may be in part because Romney is one of their own, having run a major private equity firm, Bain Capital. Marketplace link
I think the banks won’t be taxed into failure. I’m thinking they have a little spare money. Especially B of A. Didn’t they just raise fees on ATM cards?
