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Originally Posted by tw
Citations were already provided.
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WHERE? If true, then post a link to them.
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Originally Posted by tw
Posting repeatedly without any citations is classicman's mythical 15% number.
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I post cites with virtually EVERY POST. If I am posting my opinion it is clearly apparent that it is my opinion and obviously no cite is needed. tw however has been posting
his opinions as facts for years. Since getting called on it, tw has been unsuccessfully trying to use this as a diversionary tactic with other posters. Take a look at your last 50 posts, tw and post how many of them had cites to back up your "facts" -
read opinions. I already know the answer.
Now back to the topic at hand...
The 15% was an arbitrary, hypothetical figure mentioned for discussion - a starting point, nothing more. That figure was chosen as it has been discussed in the past. Nothing was etched in stone as tw would have some believe. Perhaps the number is 10%, 17% or even 25% - That is not the point. The point being discussed when that was brought up which was as usual, missed by tw, is
the concept of a flat tax versus the current structure.
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Originally Posted by tw
15% flat tax - will cure a problem created by economic perverts who thought tax cuts are good.
Buffet was blunt about such stupid people. “The only tax cut is one that cuts spending.”
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Thats not at all what Mr. Buffet said this morning on CNBC. In fact, he thinks we need to do both. He repeatedly stated that doing exclusively one or the other is foolish. He continued that using both means is not only necessary, but the most prudent. Guess that bluntly makes
tw stupid.
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Originally Posted by tw
A 15% flat tax is nothing more than another tax cut.
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As previously stated - this is off topic, but if that is true, then why are the rich so adverse to it? Because it removes all their deductions? Because, in fact, it really wouldn't be a tax cut if done properly, for example the right percentage?
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Originally Posted by tw
The only solution to long term wealth includes a balanced budget.
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With this, I agree 100%