Bill Whittle - Taxes can't Solve the Deficit (Mathimatically Impossible)

[scrubrug]

This propaganda is about as bad as the Soviet Union's in the height of the Cold War. Extremely one sided information.

[Bubblewhip341]

@scrubrug I don't ever remember mathematical addition having political views.

[DoktorFranken]

Soon, Socialists will run out of other people's money. (Note the riots in England when that happens. And WHO rioted.)

[shrbri]

Cute, but you set up a false starting premise: That we have to pay everything off in 1 year? Without this, your whole game falls apart.

The Bush tax cuts have been in effect for 10 years and we've been fighting two expensive wars for about the same time. It's going to take us a lot longer than a year to dig out of this -- so stop being cute and start getting real.

Americans overwhelming support Soc Security, Medicaid and big defense. We have to pay for it by raising taxes.

[MS3FTW]

@shrbri No he is not setting up a false premise at all. He is comparing yearly deficit to yearly revenue that could be raised through taxes. I know liberals don't understand facts or numbers too well so I'll let it slide.

[shrbri]

@MS3FTW Read my comment again: His premise is that we have to raise the *entire* amount needed to pay off the deficit in a single year -- did the current deficit get created in a single year? -- No, it has built up over many years.

Funny that you critique my facts and numbers when Mr. Whittle can't even spell "mathematics." Oops.

[MS3FTW]

@shrbri Another little fact that seems to not be understood is that the Bush tax cuts actually raised government revenue. As people are taxed more they produce less and hide or shelter their money. This is why when Bush and Clinton lowered capital gains taxes, more people invested and more revenue was taken in from the tax. Tax payers react dynamically to tax policy, which would which if were quantified would make Whittle's math even more devastating for his Socialists opponents.

[shrbri]

@MS3FTW Even Bush's *own economists* admit that his taxes did not increase government revenues (look it up). If you isolate capital gains revenue increases, then you have to show that these offset the larger losses from the other tax cuts. They do not. Even Milton Friedman agreed the tax cuts would reduce tax revenues and result in intolerable deficits. But, hey, in Supply Side Orthodoxy, "deficits don't matter" -- right! Oh, wait, now they do!

[roybdaman]

This needs to be shown to the thieves running Congress and the White House. They are f-ing INSANE with no regard for tomorrow. Such and evil and corrupt bunch of loonies. Its time the military steps in and remove them. Its the only way out of this mess, dismantle the Federal Reserve and IRS and start from scratch.

[karxmarl]

Mathimatically is grammatically impossible... :-(

[01Eldar]

@karxmarl You're right. Isn't it; Mathematically?

[samuel2myfriends]

This guy is brilliant. This little film should be on every tv channel as an advertisement for every presidential candidate... Those who don't agree... well, socialism is for you, head to Vietnam... cause China is making a change, and so is Cuba... there aren't many left... run you socialists, run.. get out now.... and good riddance.

[sol3a1]

One way is to raise taxes on Capital Gains (let's see those jobs that were created) back to 35%, lower corporate taxes but remove all loopholes, tax bonuses for top execs (please don't tell me you think they're taxed already), give us at least a flat tax (no deductibles) starting on ALL income (stocks, funds, etc) above the poverty line (I prefer a slightly increasing tax for the top but I'll take a flat tax now) AND end tax breaks for companies laying off in the US and sending jobs overseas

[Wilfredo2012]

If high taxes on the rich won't solve the deficit, how could it be possible to fix it cutting them?



[benjamming554]

@Wilfredo2012 because whenever we have cut taxes in the past. It has always had a history of more jobs being created and more revenue coming in.

[supersymbiotic]

@benjamming554 the only problem with this hypothesis is that it facilitates the creation of false bubbles, the last thing the markets need is another 'correction'.

[johnsonfromwisconsin]

Yep, populist liberalism doesn't work.

[LG17Tube]

Very interesting and "fun" to watch!