Comments on: Warren Buffet’s Truth—No Shared Sacrifice http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/ It is very difficult to cull from the financial news media what really happens behind the scenes on Wall St. and in Washington. Much of it has been masked from the public view, especially over the past 20 years. This has led to an abysmal ignorance of matters economic, which has enabled much of the financial excesses of late. I intend to pull back the veil of mystery in order to explain and analyze the meaning of the many changes to our economic system in this decade. Much of Popular Freakonomics is culled from my weekly syndicated columns – Popular Economics Weekly and The Mortgage Corner – that I have been writing for ten years. Enjoy, and feel free to comment. — Harlan Green, Turkey V Thu, 20 Jun 2013 01:44:47 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Leo Cecchini http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/comment-page-1/#comment-177 Leo Cecchini Sun, 21 Aug 2011 14:51:50 +0000 http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/#comment-177 HARLAN See my blog on "Tax Reform" HARLAN

See my blog on “Tax Reform”

]]> By: hrgreen http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/comment-page-1/#comment-176 hrgreen Sun, 21 Aug 2011 00:33:19 +0000 http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/#comment-176 Remember it was the tax cuts that cut revenues some $3 trillion to date, and will add another $5 trillion to deficit in next 10 years if not allowed to expire in 2012. Taxes should be cut during recessions, but during Great Recessions/Depressions, tax monies should be used to create jobs, when private sector won't....editor Remember it was the tax cuts that cut revenues some $3 trillion to date, and will add another $5 trillion to deficit in next 10 years if not allowed to expire in 2012. Taxes should be cut during recessions, but during Great Recessions/Depressions, tax monies should be used to create jobs, when private sector won’t….editor

]]> By: Leo Cecchini http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/comment-page-1/#comment-175 Leo Cecchini Sat, 20 Aug 2011 17:04:16 +0000 http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/#comment-175 I do believe that tax reform will be achieved in the next five years. However, before that occurs remember that 5% of tax payers pay 50 % of Federal income taxes while 50% of tax payers pay no Federal income tax. Any reform will change that equation. I would argue that since it is Social Security and Medicare that threaten to do in the Federal Budget we should raise the payroll taxes for those two programs. The easier way would be to raise the upper limit on income subject to these taxes rather than raise the rate. That is a tax reform that I am sure would win approval of most. I do believe that tax reform will be achieved in the next five years. However, before that occurs remember that 5% of tax payers pay 50
% of Federal income taxes while 50% of tax payers pay no
Federal income tax. Any reform will change that equation. I would argue that since it is Social Security and Medicare that threaten to do in the Federal Budget we should raise the payroll taxes for those two programs. The easier way would be to raise the upper limit on income subject to these taxes rather than raise the rate. That is a tax reform that I am sure would win approval of most.

]]> By: mishelle http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/comment-page-1/#comment-174 mishelle Sat, 20 Aug 2011 13:29:37 +0000 http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/#comment-174 I couldn't agree with you more, esp. that disempowerment creates passivity--the last thing we need right now. I couldn’t agree with you more, esp. that disempowerment creates passivity–the last thing we need right now.

]]> By: Tom Gee http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/comment-page-1/#comment-173 Tom Gee Fri, 19 Aug 2011 18:28:30 +0000 http://peacecorpsworldwide.org/popular-freakonomics/2011/08/19/warren-buffets-truthno-shared-sacrifice/#comment-173 We are told that tax cuts create jobs. How are the Bush tax cuts fairing in that regard? Reminds of someone who once said: "Facts are facts, right or wrong." Or, "Don't confuse me with the facts." We are told that tax cuts create jobs. How are the Bush tax cuts fairing in that regard? Reminds of someone who once said: “Facts are facts, right or wrong.” Or, “Don’t confuse me with the facts.”

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