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Thread: Time to Talk About the Buffett Rule

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  1. #11
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    O.K. Sorry, folks.....having to do a major edit on this post because what I stated as a yearly amount is really what is likely to come in over ten years......post is now edited to be accurate.

    Let's see. The same Republican Congressmen and commentators who are sneering at this 47 billion dollars over ten years that the Buffet rule would bring in to the Treasury, as though it's chump change, not enough money to even matter, etc., are the SAME folks who talked of a tiny percentage of that amount of dollars going to Planned Parenthood as a HUGE amount of money, a significant expenditure that the country simply couldn't afford.

    So, perhaps a little "reframing" is in order. The money that the Buffet rule would bring in EVERY year, would be enough to fund many years of allocations to Planned Parenthood, you know, the ones that represented such a HUGE expenditure of taxpayer dollars every year, that we couldn't "afford". And since that money going to PP was considered SO significant an amount of money, perhaps that will help them realize just how useful the Buffet rule might be as a way of raising needed revenue, since it is so much in excess of that amount.

    So, sometimes 47 billion dollars is just an insignificant dribble of money, and sometimes, something that is a tiny fraction of that amount is HUGE.........I guess everything really IS relative. Or how, exactly, one wants to frame thoughts about dollars.

    And over, say, TEN years, or more, well that "chump change" that isn't going to make any difference supposedly, will add up to a LOT, unless you are one who throws around 47 billion dollars as just "insignificant" and the folks who are paying it wouldn't even notice the little burp in their balance sheets.

    As someone said once.......you can fool some of the people all the time, and all of the people some of the time, but you can't fool all of the people all of the time, and the fooling that has been going on in these past few decades while the very richest of the rich have gathered ever more for themselves at the cost of the middle class, may be about to end.
    Last edited by loosechickens; 4-18-12 at 2:11pm.

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