So you're a fast food manager/owner

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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 5:15 pm

DropEmJayBird wrote:With regards to Buffet - let's not pretend his tax suggestion is anything more than him putting himself into a position that takes the target off himself..


Warren Buffett - 83 years old.
Net worth - 58.5 Billion dollars
Commitment - To give 99% of his wealth to the Philanthropic efforts.
Reputation - For living a lifestyle that is extremely frugal given his means.

That doesn't sound like a guy who's self serving to me.
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Re: So you're a fast food manager/owner

Postby tifosi77 on Wed Dec 11, 2013 5:33 pm

Still leaves him with over half a billion dollars in the bank.

That's why when I see remarks like "Buffett has pledged to give at least half of his wealth to charity. Have you?" I have to :lol: . I'd be surprised if anyone on this board were in a position where such a commitment would be even remotely viable. So while I openly chastised Grunthy over what I would say is a skewed perspective of low income workers, I will also openly cheer for him when he says he donates 10% of his income to charity.

I don't know much about people's financial positions here, but I'm sure most of us do what we can. It just so happens that one of the world's richest men is able to do something like that.
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 6:06 pm

tifosi77 wrote:Still leaves him with over half a billion dollars in the bank.


Which also means that he's giving over 58 Billion to charity. 58 Billion.

Lets refocus the discussion. Are we worried about how much money Buffetts heirs get? Or are we focused on how much good the > 58 Billion will do for society?

Again, the former is class envy. The latter is what will make a difference for so many.

The proposition that Buffett is only protecting his own interests is totally unfounded when viewed in this context.

Warren Buffett and the Gates Foundation think that they can make sure that money is more effectively spent than would be the case if it were managed by a federal agency (first of all, I doubt that *any* will go to the DOD :) )
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Re: So you're a fast food manager/owner

Postby tifosi77 on Wed Dec 11, 2013 6:16 pm

I don't think you'll find a single person who says the $58 billion to charity is a bad thing. Nor do I recall Buffet's heirs coming into the discussion at any point.

My post was entirely addressing the false equivalence of calling someone out for not donating half of their wealth to charity, when the counter argument is a man who is pledging to donate all but 1% of his wealth, which will still leave him closer to being a billionaire than not. I do not know too many people who could donate more than maybe 8-10% of their income before it severely impacted their day-to-day existence. Buffet, otoh, could donate all that money today and likely not have a noticeable change in his daily life. I do not begrudge him that.
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Re: So you're a fast food manager/owner

Postby columbia on Wed Dec 11, 2013 6:19 pm

If anyone is thinking about taking up EPP's challenge, hit redwill up at:
http://www.alexshouse.org/
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 6:20 pm

tifosi77 wrote:I
My post was entirely addressing the false equivalence of calling someone out for not donating half of their wealth to charity,


Which was not brought up to demean anyone, rather it was brought up as a response to an individual representing individuals such as Buffett as Heartless and uncaring.
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 6:23 pm

columbia wrote:If anyone is thinking about taking up EPP's challenge, hit redwill up at:
http://www.alexshouse.org/


What challenge would that be? Link please.

(Edit: I totally support what the redwill family is doing, I think it's fantastic)
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Re: So you're a fast food manager/owner

Postby count2infinity on Wed Dec 11, 2013 7:12 pm

ExPatriatePen wrote:
columbia wrote:If anyone is thinking about taking up EPP's challenge, hit redwill up at:
http://www.alexshouse.org/


What challenge would that be? Link please.

(Edit: I totally support what the redwill family is doing, I think it's fantastic)


viewtopic.php?f=5&t=63074&start=325#p2599044

Buffett has pledged to give at least half of his wealth to charity. Have you?
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 7:17 pm

count2infinity wrote:
ExPatriatePen wrote:
columbia wrote:If anyone is thinking about taking up EPP's challenge, hit redwill up at:
http://www.alexshouse.org/


What challenge would that be? Link please.

(Edit: I totally support what the redwill family is doing, I think it's fantastic)


viewtopic.php?f=5&t=63074&start=325#p2599044

Buffett has pledged to give at least half of his wealth to charity. Have you?


Quote it in context please:

King Sid the Great 87 wrote:Now, now. Warren Buffet alleges to pay a lower effective tax rate than his secretary, but that's only because all of the deductions he factors in every year are mandatory, right? It's funny watching him complain about this when it is a direct result of his actions. And hey, Warren, thanks for cutting all those jobs at Heinz. Do as I say, nit as I do, huh?


Buffett has pledged to give at least half 99% of his wealth to charity. Have you?
Last edited by ExPatriatePen on Wed Dec 11, 2013 7:22 pm, edited 1 time in total.
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Re: So you're a fast food manager/owner

Postby tifosi77 on Wed Dec 11, 2013 7:21 pm

Not quite sure how the added context is helping.
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 7:24 pm

tifosi77 wrote:Not quite sure how the added context is helping.

If you're going to trash someone as uncaring and heartless and hypocritical, you really ought to be able to set a better example yourself.

"Do as I say nit (sic) as I do?"

When what he does I'd donate 99% of his wealth to charity?

What's not to understand?
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Re: So you're a fast food manager/owner

Postby count2infinity on Wed Dec 11, 2013 7:54 pm

lol.... wow. all i was doing was clarifying columbia's post about your "challenge" in that people should donate money to charity. no more no less. why do you read things that aren't there?
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Re: So you're a fast food manager/owner

Postby tifosi77 on Wed Dec 11, 2013 7:55 pm

Which............. brings us back to the point of it being fantastically foolish to even hint that someone who doesn't breath the rarefied air of a 58x over billionaire might be in the position to donate that much of their income to charity.

If I had Buffet's money - and a quick check of ye banque accounte confirms that I do not - I'd donate 99.1% of my income to philanthropic ventures. Nyah nyah. ;)
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Re: So you're a fast food manager/owner

Postby columbia on Wed Dec 11, 2013 7:55 pm

It's a good cause and I hope that some will consider it.
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Re: So you're a fast food manager/owner

Postby count2infinity on Wed Dec 11, 2013 8:03 pm

columbia wrote:It's a good cause and I hope that some will consider it.


:thumb: :thumb: :thumb:

we just sent in a check to the shelter we got our dog from as they sent us a christmas card and asked for a donation. definitely have a lot of respect for what redwill does.
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 8:18 pm

Ya'll don't even get the obvious irony of someone trashing Buffett for *only* donating 58 Billion and using the tag line:

"Do as I say nit (sic) as I do"...???

LOL...

And to ask the question in that context if the poster is doing the same "do as I say not as I do" is not a challenge for everyone to donate 99%. It's pointing out the irony.

Oh I love this...
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Re: So you're a fast food manager/owner

Postby King Sid the Great 87 on Wed Dec 11, 2013 8:50 pm

ExPatriatePen wrote:Ya'll don't even get the obvious irony of someone trashing Buffett for *only* donating 58 Billion and using the tag line:

"Do as I say nit (sic) as I do"...???

LOL...

And to ask the question in that context if the poster is doing the same "do as I say not as I do" is not a challenge for everyone to donate 99%. It's pointing out the irony.

Oh I love this...



The "do as I say not as I do" was in reference to his point of view on taxes being too low for the wealthy when he takes a pile of optional deductions every year to lower his effective tax rate. Way to keep it in context.
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Re: So you're a fast food manager/owner

Postby ulf on Wed Dec 11, 2013 9:15 pm

The irony being that charitable donations are probably his largest deduction.
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Re: So you're a fast food manager/owner

Postby ExPatriatePen on Wed Dec 11, 2013 9:28 pm

I love the fact that the scale of his gesture is so immense that no one can even begin to put it into context.

It's the largest act of charity in the history of mankind and yet look the vitoral being expressed against him.

So amusing.
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Re: So you're a fast food manager/owner

Postby King Sid the Great 87 on Wed Dec 11, 2013 10:05 pm

vitoral (sic)
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Re: So you're a fast food manager/owner

Postby Gaucho on Wed Dec 11, 2013 10:08 pm

That is quite unnecessary.
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Re: So you're a fast food manager/owner

Postby Gaucho on Wed Dec 11, 2013 10:10 pm

Also:

tifosi77 wrote:I don't think you'll find a single person who says the $58 billion to charity is a bad thing.
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Re: So you're a fast food manager/owner

Postby Rylan on Wed Dec 11, 2013 10:14 pm

Hate the rich, hate the poor. Sounds about right.
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Re: So you're a fast food manager/owner

Postby count2infinity on Wed Dec 11, 2013 10:16 pm

Can't we just all be human and hate all people equally?
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Re: So you're a fast food manager/owner

Postby Guinness on Wed Dec 11, 2013 10:37 pm

Troy Loney wrote:My opinion, Guinness is right. The FED policies benefit the banks and the extremely wealthy. They control the show. But I can't imagine a situation that would get us to the correct currency environment that wouldn't lead to a 1930's style depression. Which would likely lead to some serious chaos and serious destruction to life as we know it.


The "Great Depression" was not a consequence of a commodity-backed currency. While the dollar was backed by gold and silver at that time, the U.S. was very much operating in a paper currency environment from 1913, through the 1920's and leading into the depression.

But even if I grant that the Great Depression was a consequence of the economy operating with a commodity-based currency, you do understand that fiat currency regimes are even more unstable, that almost always collapse, AND are operated to almost the exclusive benefit of the controllers of said currency... right?
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