tag:blogger.com,1999:blog-28997633.post6934270479660261583..comments2009-01-04T13:53:12.746-05:00Mark J. Perryhttp://www.blogger.com/profile/04320124434231197938mjperry@umich.eduBlogger12125tag:blogger.com,1999:blog-28997633.post-56845728364143435602009-01-04T13:53:00.000-05:002009-01-04T13:53:00.000-05:00

poor boomer<BR/> Buffett was taxed 17.7% on the $46 million salary.<BR/> http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

t jeffersonnoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-44925151236008799812009-01-03T23:32:00.000-05:002009-01-03T23:32:00.000-05:00

t jefferson:<BR/><BR/>Approx 98 percent (give or take appeox one percent) of Warren Buffett's income comes from dividends and/or capital gains.<BR/><BR/>Dividends and capital gains are preferentially taxes at 15 percent for the vast majority of taxpayers. (For taxpayers in the lowest tax brackets, dividends and capital gains are taxed at 10 percent.)<BR/><BR/>Wage and salaries are taxes as "

poor boomernoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-15550029108863697482009-01-03T23:10:00.000-05:002009-01-03T23:10:00.000-05:00

Cite, please!<BR/><BR/>Show me a poor person wearing $200 shoes.<BR/><BR/>I wear $11 Walmart shoes (to think they were only $9.97 a year ago!).<BR/><BR/>Oh thanks for reminding me...I gotta go to Walmart tomorrow to pick up some $2 (or whatever they cost now) socks. My last pair has attained holeyness.

poor boomernoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-49735617537219371072009-01-03T23:02:00.000-05:002009-01-03T23:02:00.000-05:00

I've known some wealthy slumlords but never considered them good role models!

poor boomernoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-6860641253022639302009-01-03T21:30:00.000-05:002009-01-03T21:30:00.000-05:00

Kudlow is a hopeless RepubliKKKan shill, and as such, his economic advice is as sage as Dick Cheney or Karl Rove. I don't care what his bio or the New York Times says he is delusional and absolutely useless as a reliable source of information.<BR/>I remember following him when he was chief economist for Bear Stearns in the 80s until he was fired for being wrong most of the time.

t jeffersonnoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-87681482896270268192009-01-03T21:24:00.000-05:002009-01-03T21:24:00.000-05:00

I was wondering if you can explain how Warren Buffett's Secretary pays a higher percentage in taxes then Warren Buffet. Buffett is a Billionaire and also makes much more then his Secretary.

t jeffersonnoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-2950198572942796872009-01-03T12:32:00.000-05:002009-01-03T12:32:00.000-05:00

Not so long ago, Larry Kudlow was claiming we were in the middle of a Goldilocks economy. He's probably not the best person to be quoting right now. He's the right wing version of Paul Krugman.

K T Cathttp://www.blogger.com/profile/10259428595745509790noreply@blogger.comtag:blogger.com,1999:blog-28997633.post-26302958598140767142009-01-03T00:12:00.000-05:002009-01-03T00:12:00.000-05:00

Thank you, QT. I reviewed the articles to which you referred me and found them interesting. I also, did some further research on the topic from several resources. <BR/><BR/>As is usually the case, we find there are two schools of thought on this issue of whether the middle class is shrinking or not. (Please note I never used the word "disappearing".) There are credible and authoritative scholars

Mikanoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-74289706314289646682009-01-02T16:49:00.000-05:002009-01-02T16:49:00.000-05:00

Mika,<BR/><BR/>Contrary to the endless assertions by politicians and political pundits, the middle class is not disappearing. <A HREF="http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=1140" REL="nofollow">Terry Fitzgerald from the Federal Reserve Bank of Mineapolis offers a good analysis of this issue</A> that helps to put some of this information in perspective. <A HREF="

QThttp://www.blogger.com/profile/10814223262243887424noreply@blogger.comtag:blogger.com,1999:blog-28997633.post-80562100733825371902009-01-02T01:27:00.000-05:002009-01-02T01:27:00.000-05:00

It is an interesting property of capitalism. Deng Xiao Ping, the Chinese free market leader said that: 'When we implement a capitalist free market economy in China we will have to ALLOW some people to become very rich'. <BR/>The corollary of this property is that if one tries to prevent the phenomena from happening, everyone gets poor.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28997633.post-7966384383696961442009-01-01T22:22:00.000-05:002009-01-01T22:22:00.000-05:00

&gt; Its when one observes more and more of the nation&#39;s wealth being concentrated at the top end along with a shrinking middle class, that people get nervous and worry for future stability of the country.<BR/><BR/>If that were actually observed, it might make sense to debate you.<BR/><BR/>Since that&#39;s not what&#39;s observed, that, in fact, the whole boat is drifting steadily upward to

OBloodyHellhttp://www.blogger.com/profile/09992539380115488567noreply@blogger.comtag:blogger.com,1999:blog-28997633.post-20070978290617825372009-01-01T21:18:00.000-05:002009-01-01T21:18:00.000-05:00

I hear no one - no one anywhere on the entire political continuum - saying that we should not have wealthy people. Certainly, they are an important and necessary part of the whole free enterprise equation. They are also good role models who motivate the rest of us to dream and work hard.<BR/><BR/>A strong, viable middle class is also very important and has been germane to the success of the

Mikanoreply@blogger.com