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7 biggest lies about the economy - Robert Reich

7 biggest lies about the economy - Robert Reich

7 biggest lies about the economy - Robert Reich

7 biggest lies about the economy - Robert Reich

7 biggest lies about the economy - Robert Reich

ChaosEngine says...

>> ^volumptuous:

"Neolibs will love this video because it speaks to them viscerally to thoth thwarteth of thine highest willfull, money" - Winstonfeld Pennypacker
"COINS!! TAXES ARE THE SAME AS RACIAL SEGREGATION!" - Blankfist
"Argle bargle flargle gargle" - Quantummushroom


That's unusually coherent for QM.

7 biggest lies about the economy - Robert Reich

volumptuous (Member Profile)

7 biggest lies about the economy - Robert Reich

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Warren Buffet: Increase Taxes on Mega-Rich

Mikus_Aurelius says...

Talking about the morality of various tax codes with someone who disagrees is nonsense. If you've been posting on the internet for years and haven't figured out that other people are quite attached to moral values that are incompatible with your own, then taxes are the least of your problems.

I'd be curious to find out where WP gets his talking points, especially since so many of them are refutable with official government data and a pocket calculator. Actually I skipped the calculator, so forgive my rounding errors:

People in the top bracket pay 38% of the income tax. Income taxes are 33% of revenues. Revenues are around $4.4 tr. So they pay about 500 billion a year.

The top tax bracket is 35%. If as WP claims we raised that to 100% We would be roughly tripling the income from them. Even only doubling it is still an extra 500 billion a year or 5 trillion over a decade, assuming the income of the rich stays steady (which it never does, rich people are much better at increasing their income than the middle class).

Both sides have hired legions of economists to support their viewpoints. I'm sure there's a right wing economist who could explain what's wrong with my arithmetic and make me look dumb (which I am, relatively), though I wonder how the author of that $2trillion figure would do if a liberal economist like Paul Krugman or Robert Reich were in the room while he made his arguments.

For our purposes, we should accept that parroting the talking points bought and paid for by your favorite political movement will not convince anyone.



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