Warren Buffet advocates for higher taxes because it reduces or eliminates competition for the investments he wants to make. He already has his wealth. He just doesn't want YOU to have wealth. If you do, you will seek return on that wealth and will want to compete in the open marketplace for opportunities for that investment in the same places he does.
The stock market is an auction. The greater the number of bidders, the higher the stock prices climb. When the number of investors falls below the number of sellers, the prices fall.
Buffett makes his money on identifying and purchasing troubled companies and then turning them around. If you have excess capital, you can compete with him for these same troubled companies. If there is NO competition for these companies, Buffett gets to name HIS terms and the company has to either take his terms or go out of business.
The class envy and hatred daily promoted by the person currently in the White House is a red herring and will ensnare the middle class. This has already happened and is still in progress. It is called the Alternative Minimum Tax. The rich can't and WON'T be taxed to solve our drug habit of unconstitutional overspending.
It is the Middle Class who will slowly, imperceptibly slowly, be defined as being rich as it is doubtful Obama's definition of rich will be pegged to the accelerating inflation that is now happening. Think about it. $250K in California is not the same $250K in Ohio. I would like to earn $250K but folks, it just doesn't come even close to being considered rich. But fret not, with inflation, you who presently engage in class envy, will be making that kind of money and then the eye of hatred can be turned towards you. Think. Think. Think.
So if we are to analyze the Leftist ideology promoted by way too many deluded Americans, we are left with the question of where the money to solve the Debt Crisis will come from via taxation. The Rich CAN'T and WON'T pay. The Poor CAN'T and WON'T pay. Who's left? Hmmm...Gee...I wonder who? These avaricious bastards are targeting you and your children but they will never admit it.
Don't listen to Professor Canfield at your own risk.
The solution to our problems is right before our eyes but many blind, deluded, and envy filled Americans fail to comprehend the obvious.
Whoever, except in cases and under circumstances expressly authorized by the Constitution or Act of Congress, willfully uses any part of the Army or the Air Force as a posse comitatus or otherwise to execute the laws shall be fined under this title or imprisoned not more than two years, or both.
-Title 18, U.S. Code, Section 1385
That constitutes the entire Posse Comitatus Act.
Friday, December 2, 2011 Rubio Defends National Defense Authorization Act For Fiscal Year 2012 U.S. Senator Marco Rubio (R-FL) issued a letter where he attempts to explain why he supported the National Defense Authorization Act for Fiscal Year 2012 after the controversial act came under attack by his Libertarian, Democratic and Republican constituents.
Senator Rubio's letter follows in its entirety:
Several people have asked about my votes on the National Defense Authorization Act for Fiscal Year 2012. In particular, some people are wrongly suggesting that this legislation will allow the military to capture and indefinitely detain any American citizen, and that the US Armed Forces would be able to perform law enforcement functions on American soil because of the authority conferred under Sections 1031 and 1032 of the Act. While I do have other serious concerns with this legislation, those particular assertions could not be further from the truth. I want to take this time to explain what the law actually does, what my position is on these issues, and why I joined with Senators Demint, Coburn and Lee to vote for those specific sections, but against cloture on the final bill.
Section 1031 of this act merely affirms the authority that the president already has to detain certain people pursuant to the current Authorization for Use of Military Force; in fact, this same section of the bill specifically states that nothing stated in Section 1031 is intended to expand the president’s power. In addition, this section sets specific limits on who can be detained under this act to only those people who planned or helped carry out the 9/11 attacks on the United States or people who are a member of, or substantially support, Al-Qaeda, the Taliban, or their respective affiliates. There is no language that could possibly be construed as repealing the Posse Comitatus Act and allowing the US military to supplant your local police department in carrying out typical law enforcement activities.
In particular, some folks are concerned about the language in Section 1031 that says that this includes “any person committing a belligerent act or directly supported such hostilities of such enemy forces.” This language clearly and unequivocally refers back to Al-Qaeda, the Taliban, or its affiliates. Thus, not only would any person in question need to be involved with Al-Qaeda, the Taliban, or its surrogates, but that person must also engage in a deliberate and substantial act that directly supports their efforts against us in the war on terror in order to be detained under this provision. There is nothing in this bill that could be construed in any way that would allow any branch of the military to detain a law-abiding American citizen if you go to the local gun store or grocery store. What this section of the bill does is help provide for our national security by giving clarity to the military in regard to its authority to detain people who have committed substantially harmful acts against the United States. This is extremely important given that there are Al-Qaeda cells currently operating within our borders. I would not leave the risk of a terrorist attack that could claim the life of a member of my family up to chance, and I will not leave that risk for your family either.
Section 1032 of this bill concerns a smaller group of people who Congress feels are required to be detained by the US military because people who fit within this criteria are a more serious threat to our national security. Any person detained under Section 1032 must be a member of, or part of, Al-Qaeda or its associates AND they must have participated in the planning or execution of an attack against the US or our coalition partners. Simply put, the application of this detention requirement is limited to Al-Qaeda members that have tried to attack the US or its allies. However, this detention requirement is clearly limited by a clause that states that the requirement to detain does not extend to US citizens or lawful permanent residents.
Together, these two sections do the following: they affirm the authority of the executive branch to act within our national interest and they provide the federal government with the tools that are needed to maintain our national security. This bill does NOT overturn the Posse Comitatus Act; the military will not be patrolling the streets. This bill does not take away your rights as a citizen or lawful permanent resident; the authority under this act does not take away one’s habeas rights. These sections do NOT take away an individual’s rights to equal protection under the 14th Amendment to the US Constitution, nor do they take away one’s due process rights afforded under the 5th or 14th. If this bill did such a thing, I would strongly oppose it.
I want to thank everyone for reaching out to the office to voice your concerns on this bill. I want to assure you that I always have, and always will, listen to your concerns and address them in a timely fashion. I know this bill is not perfect; in fact, I proposed 2 Amendments to prevent the President from transferring foreign terrorists to the US to be prosecuted in the federal court system, and I joined with Senators DeMint, Coburn, and Lee to vote against cloture. However, in regard to the assertions that this bill allows the US military to supplant our local police departments or that it allows the federal government to detain otherwise law abiding citizens for simply carrying on in their daily lives, those assertions are entirely unfounded.
As always, if you have any other questions, please feel free to contact me.
from http://government.brevardtimes.com/2011/12/rubio-defends-national-defense.html
Section 1031... There is no language that could possibly be construed as repealing the Posse Comitatus Act and allowing the US military to supplant your local police department in carrying out typical law enforcement activities.
. . .
Section 1032... is clearly limited by a clause that states that the requirement to detain does not extend to US citizens or lawful permanent residents.
. . .
This bill does NOT overturn the Posse Comitatus Act; the military will not be patrolling the streets. This bill does not take away your rights as a citizen or lawful permanent resident; the authority under this act does not take away one’s habeas rights. These sections do NOT take away an individual’s rights to equal protection under the 14th Amendment to the US Constitution, nor do they take away one’s due process rights afforded under the 5th or 14th.
The new USPHS troops.... not a branch of the military, not subject to the Pentagon, Joint Chiefs, Congress... and as of yet - not the Constitution either. And ARMED. to be deployed in response to national 'emergency'.... gotta gin up a 'crisis' The influenza pandemic of 2012 is perfect, especially since Rosche again has the exclusive contract for the H1N3 vaccine....
hello Chimera, meet Belerofon The WHO is already ramping up for the 'flu' season of next year - they are planning on it being 'big'
tin foil hat - firmly affixed.
"We are the Government, and we are here to help - for your own good"
I never shoulda' left the Olympic Peninsula. At least I'd have cedar plank salmon with mushrooms, fiddle head ferns, moss tea and all the unarmed lefties in Port Townsend to take useful things away from.
What I caught was, yes, a US citizen in the US suspected of association with terrorists, can be kidnapped and held indefinitely at Gitmo without trial or counsel.
Philisophically, a truism is that any power a government takes from the people is never returned. States of emergency tend to never get canceled. Temporary powers, aren't.
Can we detain Congressmen that we suspect have broken the law? Seems fair to me. Isn't "Fairness" the current buzzword?
Posted on Wednesday, December 14, 2011 - 10:18 am:
As I listen to the crap from the potus I am left to wonder how any one of minimal intelegence can be persuaded?
His hope and change = hate and envy, and his record of accomplishments is no good
As for Romney's marriage stand, I agree with him.
Gays will co habit, they just want the tax breaks the tax code needs to be altered.. Why can we not have a status for same sex partnerships the whole debate is silly personally oh I don't hate gays..
I do hate the mess the current democrats have made, many need to be outed....
City how is the "shadow army" for the usphs being funded? who do they answer to? In the event the socialists try to take over I hope that the military steps in and "Defends the constitution"
Posted on Wednesday, December 14, 2011 - 10:32 am:
That trillion dollars over 10 years ..... it is a black hole of spending access - The charter for the force is two paragraphs.... The details behind the bill are what is creepy. The gripe was against the One World Government in WTO in Seattle, is that the National Guard still had to depend on the governor to give the weapons free call to engage the civilian population.... This force is National - NOT respondant to the governor, congress, Joint Chiefs, nor the Department of Defense. They are ramping up the first boot camp in Feb - so far the camp is schedule to be at USCG academy in CT. It will be interesting to see. But reading the white papers on 'Resilence' and being in a unit that did indeed have boots on the ground and ready to engage in MACDIS against Seattle citizens - you should be very aware - this group is game changing All they need is one little 'emergency' hello 'influenza 2012 H2N3'.
Posted on Wednesday, December 14, 2011 - 11:59 am:
* At what point were you aware of an economic collapse? Year / month? Who did you tell about it?
I first remember having it dawn on me that we were heading in an unsustainable direction in about 1972. I brought it up with my 8th grade history teacher one day after school. True story.
Posted on Wednesday, December 14, 2011 - 12:49 pm:
The Invocation of HIPAA, 1996-7, and the repeal of Glass- Steagall 1997-8, and the Clinton dibocal in Somalia with the AC-130's ; we proved we were more PC than might - and it has slipped ever since.
I divested assets domestically, and moved them oveseas, moved my 401K exclusively into international funds, and set up a prepositioned cache and contact tree with the hype to Y2K - smartest thing I ever did.
Posted on Wednesday, December 14, 2011 - 03:20 pm:
I saw this latest bubble as being unsustainable and told my business partner it was about to crash. We changed strategy and hunkered down for the long term. Before you think I'm smarter than the average guy, if I had known this crap would have gone on as long as it has, I'd have liquidated the company back then, taken the money and retired. As it stands now, we are in a good cash position to take advantage of things when the economy turns around. If it never does, we should still be better off than most.
Posted on Wednesday, December 14, 2011 - 03:31 pm:
Im a little slow here what is MACDIS
I have to wonder what kind of person who works for a para millitary outfit based here in the u.s. will turn on their own country men ?
will our own millitary stand idly by watching when the brown shirts march?
when you were sworn in did you not take an oath to defend the constitution?
short of a pandemic plague or a nuclear war why would voting be suspended?
Bev Perdu drew heavy fire for a semi serious quip about suspending voting I dont think that the sheeple will lie down for much more 10% approval rating for congress
I did not see the mess coming over the years, but I see it clearly now and am stunned how any one could not see it or the solution..
Posted on Wednesday, December 14, 2011 - 05:16 pm:
Military Action (against) Civil Disturbance.
Riot gear, billy clubs, and group arrests at least... Tear gas, Flash-bangs, Fire Truck water cannons, sound emmitting / UV trucks at next.... Live Fire, targeted individuals, detainments, interrogations, at worse disappearances, seizures, internment camps at very worse
and before you say it wont happen here - it already was on the plate. We were 1/2 hour and one call away from going hot, loud and heavy. Seattle and WTO would have been a very different look had the governer said the State Police was 'over-run'
The new go word is 'Resilence' and when you hear it from the FED; FEMA, USPHS Cadre, DHS, you know that goose is cooked.
(and NONE of it is about protecting the Constitution - it is all about entrenched, status quo, largess - and in this case - Obama and his Puppet Masters.
Posted on Wednesday, December 14, 2011 - 09:58 pm:
Blake, trying not to be overtly paranoid, but would you believe that this country already has had internment camps for ethnic minorities? Mass sterilizations for other ethnic minorities, the unfit, and the poor? ( a subset of "unfit" by the Eugenics crowd )
All in the distant past, of course. Back in the 20th century. NOT incidentally, the actions of Progressives, nearly the same ideology as the present Occupiers of the White House. ( nearly because the Progressives are not usually the anti-colonial haters of western civilization the same way that is the legacy of "the Dreams of My Father" and the post adolescent hero worship of a father that abandoned a boy and his mother..... A really odd syndrome. You'll have to get the technobabble name for that one from one trained in Psycho jargon. )
When was I aware of an economic collapse? James Earl Carter was Prez, I lost a good paying job in Iran because of the coup aided by his admin, ( and missed being a Hostage by days ) lost another job due to a major corp being strip mined for profitable parts to sell & executive bonuses, and fell into the previous longest extension of Unemployment until the Obama Regime.
Actions taken? Worked my butt off for decades, saw the writing on the wall for the next deliberate oil crisis, ( Jimmy the Arab money loving carpenter was prez for the first one I lived through ) so bought a high mpg diesel for commuting.
Now job hunting while the company I have worked for for 18 years is playing Donner Party and planning to cut a quarter of a million workers, trash customer service completely, and make itself so hated that it's demise will be met with parties, instead of sorrow at the loss of a multi-century institution that has served millions more fairly than any other part of our social structure.