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Wounded Bear

(58,654 posts)

7. According to Warren Buffett, the war is ongoing...

Reply to ck4829 (Reply #5)

Wed Jul 5, 2017, 10:10 AM

Jul 2017

from a 2011 article:

"BUFFETT: Actually, there’s been class warfare going on for the last 20 years, and my class has won. We’re the ones that have gotten our tax rates reduced dramatically.

If you look at the 400 highest taxpayers in the United States in 1992, the first year for figures, they averaged about $40 million of [income] per person. In the most recent year, they were $227 million per person — five for one. During that period, their taxes went down from 29 percent to 21 percent of income. So, if there’s class warfare, the rich class has won."

from: https://www.washingtonpost.com/blogs/plum-line/post/theres-been-class-warfare-for-the-last-20-years-and-my-class-has-won/2011/03/03/gIQApaFbAL_blog.html?utm_term=.53023c164667

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The problem with healthcare in the US is that, on the macro scale, it's not used for medicine [View all] ck4829 Jul 2017 OP

Exactly. We have a class based health care system. Yavin4 Jul 2017 #1

Do not overlook healthcare in the U.S. being run largely by for profit corporations. Freethinker65 Jul 2017 #2

Centralization of healthcare is yet another factor ck4829 Jul 2017 #3

Seems that is an outline for class warfare. NCTraveler Jul 2017 #4

I know that the class war has been going on for a long time ck4829 Jul 2017 #5

According to Warren Buffett, the war is ongoing... Wounded Bear Jul 2017 #7

We do not have a health care system in the US... Wounded Bear Jul 2017 #6

DURec leftstreet Jul 2017 #8

No. We get great healthcare and we spend a lot on it sharedvalues Jul 2017 #9

Oh it's good, but suppressed by this control. ck4829 Jul 2017 #11

We expend a lot of resources to treat bucolic_frolic Jul 2017 #10

I'd argue it's being used as a cash cow - profit center more than social control. SpankMe Jul 2017 #12

It is also used to fuel powerful Oligarchs' profit engines. n/t TygrBright Jul 2017 #13

You stumbled upon the original arguments against social security and medicare IronLionZion Jul 2017 #14

What we are fighting DownriverDem Jul 2017 #15

That's all secondary. On the macro scale it's used mostly for one thing - to generate profits. thesquanderer Jul 2017 #16

Imo, an anti-Democratic trash piece in both senses of the word. Hortensis Jul 2017 #17