Social Security & Warren Buffett

Social security is primarily a social insurance program providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others. Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. 5.0/5

Social Security Warren Buffett Health Care Bill Gates White House Mitt Romney Warren Buffet Economic Times Greg Thompson World Wide Web David Cote Sherrod Brown New York Hong Kong Berkshire Hathaway Barbara Streisand Berkshire Hathaway Inc Barack Obama Deficit Spending

Delusional doesn't even begin to describe this fool! Barack Obama, is completely Out Of Touch with reality! President Barack Obama proposed a $3.901 trillion budget that would raise taxes on the rich, expand tax credits for the poor and middle-class and serve as a White House wish list. Though very little of it is expected to become law - or even be seriously considered for legislation at the Capitol - Obama's budget serves as a benchmark for congressional Democrats heading into November's midterm elections. Unlike last year, when Obama was seeking a fiscal bargain with Republicans and used the budget as an olive branch, this year's proposal contains few evident major compromises. Gone is the request for chained CPI, an offer to reduce the benefit increases for Social Security and other federal social programs. The budget seeks $651 billion in new revenue from the wealthy, would formalize in the tax code a rule named for billionaire investor Warren Buffett, cuts the size and pay of the military and expand ...
Conservative Republicans They claim to be fiscally conservative and claim to be careful with our tax dollars. What they actually did: They did not want to be punished politically by raising taxes to pay for two wars so, they ran up the debt and refused to put a war tax in place. They just kept passing emergency spending as the wars went along. They say they are very concerned about the debt but they will only cut Social Security, Medicare and Medicaid to reduce the debt. They refuse to end the corporate tax loopholes or ask for a dime of revenue from the very rich even though the very rich are literally asking them to raise tax revenue on the rich. Bill Gates senior, junior, Barbara Streisand, Warren Buffett a just a few rich people asking to have their taxes raised. Raising it only on 1% of the richest Americans would be responsible if they wanted to reduce the debt. They cost America billions once again last year during the first debt ceiling. They created a crisis saying they would not pay our d ...
New York (AP) — Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security would plunge. The Treasury says the economy would slide into a recession worse than the last. Yet you wouldn't know that a U.S. debt default could amount to a nightmare from the way many companies and investors are preparing for it: They aren't. The assumption seems to be that in the end, Washington will find a way to avert a default. "Doomsday is nigh, and everyone shrugs," said Nicholas Colas, chief market strategist at CovergEx Group, an investment brokerage in New York. Brian Doe, a wealth adviser at Gratus Capital Management in Atlanta, has 35 clients who've entrusted him with $50 million for safekeeping. He isn't losing sleep over a potential default. Neither are his clients, apparently. Not one has called him about the issue, he said. "I've not done anything," he said. He puts the odds of default very low. "People in Washington are stupid but not that stupid." Ma ...
Yesterday saw significant progress toward re- opening the government and assuring that our government will pay bills we have already incurred. Failure to pay these bills is a recipe for disaster: lost jobs and businesses, declining home values, higher interest rates and evaporating savings. Business leaders such as Warren Buffett and David Cote, CEO of Honeywell, have warned of these consequences. I participated in numerous discussions with people in both parties working to find a solution. I also attended a meeting with the President at the White House. The path is clear: re-open the government and assure payment of the nation's bills and then conduct good faith negotiations about improving our economy and balancing our budget. Many Republicans in the House and Senate are now publicly calling for this solution. Many more agree privately. Although I do not agree with many of their ideas, particularly on Social Security and Medicare, I agree with a process that re-opens the government, pays our bills, a .. ...
The likes of Bill Gates and his buddy Warren Buffett are supporting the destruction of commerce with taxing the "rich" to support a corrupt system that is doomed to fail. It is easy for them to say "yes tax the rich" even more when you are talking about income, since they themselves have very little actual "income." How would they respond to the confiscation of assets? Why do they not donate everything they have keeping just enough for a middle class lifestyle and give it all to government? They would never be where they are today had taxes been much higher when they were trying to get started. The assumption is that government is being properly run and the problem is always the individual. They have theirs so the *** with everyone else. Turn it all in if you want to advocate such fiscal-irresponsibility. Neither has to worry about Social Security and how that has been taking more in taxes from people than income tax with no refunds. What is the end game? They obviously are ignorant of history for this c ...
Warren Buffett says he can end the deficit in 5 minutes and I believe him. Congressional Reform Act of 2013 1. No Tenure/No Pension A Congressman/woman collects a salary while in office and receives no pay when they're out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose. 3. Congress can purchase their own retirement plan, just as all Americans do. 4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%. 5. Congress loses their current Health Care system and participates in the same Health Care system as the American people. 6. Congress must equally abide by all laws they impose on the American people. 7. All contracts with past and present Congressmen/women are void effective 06/01 ...
Sequester -- This means cut benefits for the poor and the people who need benefits. - Why not cut the benefits for the rich? Stop making Social Security payments to people who don't need it. Do billionaires like Bill Gates, Warren Buffett or Donald Trump need Social Security payments? Stop making farm payments to people (millionaires) who don't need it. Stop paying unemployment insurance to millionaires. Stop buying weapons for other nations...
Congressman-elect Alan Grayson (D-Fla.) talks to “Viewpoint” host Eliot Spitzer about the looming fiscal cliff, which has sparked fierce debate in the House about whether the Bush tax cuts should be extended for those making more than $250,000 a year and about how to reduce the deficit. Grayson says he will not accept any plan that cuts benefits such as Social Security, Medicare and Medicaid, arguing that a more progressive tax code is the solution. “Mitt Romney should not be paying less in taxes than the secretary who works for Warren Buffett or anybody else,” he says. “Just because you’re rich and you get [your money] through capital gains doesn’t mean you get some sort of special tax break. … If we go back to the sense that a dollar is a dollar, they’re all green, let’s tax them equally, that itself will go
Forcing the U.S. Congress to accept Social Security instead of their own retirement system. A Novel system. Warren Buffett has his own idea of eliminating Deficit Spending.
Romney attacked the president for supporting “a foreign concept that’s never been part of the American experience.” The campaign duel over the fairness of the American system obscures the broad popular support for redistribution, which was built into the U.S. tax and entitlement system over several decades. In surveys, the public rejects explicit calls to share or redistribute wealth even while supporting policies that do so, including raising taxes on the wealthy or maintaining programs such as Social Security. By a margin of 60 percent to 37 percent, respondents in an April Gallup poll backed Obama’s proposal to levy a minimum tax on millionaires known as the “Buffett rule” for Berkshire Hathaway Inc. Chairman Warren Buffett.
In the years when I earned over $108K (the ceiling then), I paid no Social Security taxes for the last 2 months of the year. I could easily have afforded to pay the "extra" tax. This ceiling is the main reason why Warren Buffett & Mitt Romney are taxed at a lower rate than their secretaries, & they could afford to pay more, too. Wanna save Social Security? Do away with the ceiling, & levy the tax on ALL income, not just wages.
Congressional Reform Act of 2011-Fiction! Summary of the eRumor: This is an email that contains a list of ideas "to fix congress" and tells the reader to forward it to 20 people in their address books. Among these ideas are setting term limits, changing government pension plans, mandating congressional participation in Social Security, stopping congressional pay raises and making elected officials accountable for their actions. Some versions of this eRumor say that millionaire Warren Buffett is asking readers to forward this email. The Truth: The "Congressional Reform Act of 2011" is not a real bill in Congress but it is a passionate plea for change on behalf of concerned citizens hoping to get the word out across the World Wide Web. This eRumor first appeared on the Internet in January 2011. Later, in October 2011, versions with an inserted quote by business millionaire Warren Buffett began circulating and also said that he was requesting all readers to forward the email. The Buffett quote is real and ta ...
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