Warren Buffett trickles down on the "trickle down theory."

Amerigo Vespucci

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Sun Nov-21-10 03:07 PM
Original message

Warren Buffett trickles down on the "trickle down theory."

When Amanpour pointed to critics' claims that the very wealthy need tax cuts to spur business and capitalism, Buffett replied, "The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."

http://www.huffingtonpost.com/2010/11/21/warren-buffett-paying-more-taxes_n_786516.html

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RUMMYisFROSTED

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Sun Nov-21-10 03:36 PM
Response to Original message

1. 10 years?

Ever.

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Fuzz

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Sun Nov-21-10 03:37 PM
Response to Reply #1

2. Rec for the OP, and +1 for much longer than 10 years.

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hobbit709

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Sun Nov-21-10 03:38 PM
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3. The only thing that trickles down to us is wet and yellow.

that's why we're called peons.

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laughingliberal

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Sun Nov-21-10 03:39 PM
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4. Good for him. If he was totally honest, though, he'd say it hasn't worked for the last 30 years. nt

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B Calm

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Sun Nov-21-10 04:04 PM
Response to Original message

5. Demand is the only thing that creates jobs. Giving tax cuts to the

rich bastards who sent our manufacturing jobs overseas will do absolutely nothing, but will make us deeper in debt!

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