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Let's ask Peter Schiff to meet the Warren Buffet challenge.

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:01 AM
Original message
Let's ask Peter Schiff to meet the Warren Buffet challenge.
Peter Schiff recently came to OWS and claimed that he pays 50% of his income in taxes.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x629255

Let's ask him to meet the Warren Buffet challenge and release his tax returns for as many years as Buffet did.

If his claim that he pays 50% of his income in taxes is true, then he should be proud of those returns and want to demonstrate his solidarity with our country.

I would also like to ask all member of the 1% including Buffet and Schiff (assuming he really is in the 1%) to declare how much money they and the companies in which they invest donate to political campaigns and causes.

The public reporting of campaign donations reflects those made directly to campaigns and not the considerable amounts spent on personal lobbying, trade organization support for representation to the governments at different levels and direct issue-related advertising.
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:06 AM
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1. Schiff should fire his tax attorney if he pays 50%
Total BS.
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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:07 AM
Response to Original message
2. Schiff's behavior throws me...
Schiff got into a debate with Art Laffer (one of Reagan's former supply-side economists)
about the economy. Schiff predicted the 2008 crash with incredible accuracy. He knew
the whole damn housing situation was a scam perpetrated by the banks.

He called it all.

Now, he stands in the middle of OWS--arguing with the brave people who are speaking
out against the banks that Schiff knew were operating recklessly and against the
interests of the entire world economy.

What say you, Peter Schiff?

I think he needs to explain this.
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