I'm slightly pissed off that I can't click the dummy hard to subscribe, fuck it I am unsubscribing so I can click the shit out of the dummy. Watch out dummy here I come ;-)
Most comments, left & right, show a stunning level of naivety and ignorance of economic history and factual data. One documented fact, Federal Reserve Economic Database - St. Louis, the tax breaks for the wealthy created only a meager increase in jobs in the US. However, substantial increases of US corporations creating jobs in China and India because of rapid growth of middle class with increasing incomes to spend on consumer goods. In US, the wealth of the middle class is declining.
The argument about half the country not paying taxes is bullshit. They already have to pay a sales tax, excise, tax, medicare, social security, etc. The legal definition of a poor family is a 4 person household that makes a combined total of $25,000 or less. And your telling me that they need to be taxed more so that the 1% earn more of what they dont need?
Its not really that difficult, if you make more money laying people off it is because you are making better use of your resources (i.e. creating value). This is beneficial. They can move on to do things that are more productive with their time. Likewise, what do the uber-rich do with their money? Invest it in businesses that make money (i.e. in places that create value). Silly liberals, the pie isn't always the same size. Trade is made of win.
@Keeban3 What does that have to do with raising the top bracket federal rate from 35% to 39.6%? Silly conservative. Offer up as knowledge a generalized platitude despite not understanding the argument.
@Keeban3 I see an inaccurate assumption about what the uber-rich do with their money written by someone who has explored some economic theory, but has zero real world application of the ideas. The uber-rich rarely invest directly in businesses. They give their money to financial managers who invest. Raising taxes on the collective lot doesn't affect their decisions one iota because everyone suffers the same fate. The financial managers still seek alpha in the new paradigm.
@Keeban3 Do you have a mental disability? This video is about taxes. It follows an argument between billionaires Buffet and Golub over the distribution and rate of taxes - whether the federal income tax rate should be raised on the top 1%. As I pointed out in my first reply to you, and as you just confirmed, you have no idea what the argument is about. The funny thing is that doesn't stop you from continuing to comment. You've fallen in my estimation from earnest student to oblivious gad.
Yes, I am stupid for thinking that if people have less money to invest, they will invest less money. You bring up specific percentages, as if this invalidates my position, but I don't see how. Obviously this is because I have no idea what the argument is about. Good point...
@Keeban3 welcome to walmart fool, your logic is out the window. According to your B.S. We will all be wroking for walmart as they have almost singlehandely taken out the bakery union, the meat cutters union, hell they are into banking, and quite simply the easiest way to move money from one part of the country to the other. all hail walmart, we'll all work for them. congrats/. All in the name of productivity whoopee
@Keeban3 After working for many companies as a worker and as lower management, I can say laying off isnt to make better use of resources. Its to work less people harder for less or the same money.
It creates alot of burn out and higher turnaround, which is not productive, but great for short term gains for sure
Second, people tend to get lower paying jobs, not become more productive because they were very productive before. I guarantee they didnt lay off people that were standing around
If you get the same amount of people to get more done in the same amount of time, that sounds like a good thing. Although I see your point about retraining people, still, shuffling people to more productive places has to be done.
Its nature to start out lower and move up. People almost unanimously get paid more as they get older, and sure starting over sucks, but if you made the company more money than you costed, they couldn't make money firing you
Banks lend money, but regardless, who with over a million dollars saved up is going to leave that in a bank with 2% return when you could invest it at 8% return? I don't consider investment overseas, a bad thing. The thing I think is funny is that the same people that think overseas investment is bad thing that foreign ownership of American companies is also bad. If its talking points to understand that economics is about production, I'll take the criticism gladly.
@Keeban3 Them investing is only so useful if the money in their hands is somehow worth more than in ours.
But it isnt. They invest in a business that hires people. I spend money at a company that hires people to serve me, or put it in a local bank that lends money to a company that hires people.
Both do the same, except i spend most of my money, and what I save is miniscule.
They have millions each tied up in savings where it typically is not invested in the US.
Its not about money, its about wealth (what you can buy with your money). Look at the history of the world, and tell me economic freedom has not done more for the poor than any other philosophy.
Consumption is a silly way to drive the economy, unless you truly believe the old lie, "a broken window stimulates growth". Its about resource allocation. Investment reduces goods in the short term, but increases them exponentially long term.
Aren't SS and Medicare taxes SPLIT (6% or so, I think) between the employer and employee? State income taxes are generally less than 10%. Don't estate taxes usually go into effect ONCE YOU DIE? How is this asshole ANYWHERE NEAR paying 80-90%? pfft
Fuck your annoying shrieks.
DII117 2 months ago
KEEP POSTING THE GOLUB VIDEOS ON TWITTER! @dylanratigan @MSNBC
pancholordofthecouch 6 months ago
I'm slightly pissed off that I can't click the dummy hard to subscribe, fuck it I am unsubscribing so I can click the shit out of the dummy. Watch out dummy here I come ;-)
TheTomtompiper 6 months ago
You guys are pure genius.
Bpers2001 6 months ago
That background music plays in my head every time I watch fox news now. :p
toxickatie 6 months ago
You guys should be getting hits over a million had America any literacy at all! Bet the media (connedservative ones) won't allow it to spread.
classicallady 6 months ago
Most comments, left & right, show a stunning level of naivety and ignorance of economic history and factual data. One documented fact, Federal Reserve Economic Database - St. Louis, the tax breaks for the wealthy created only a meager increase in jobs in the US. However, substantial increases of US corporations creating jobs in China and India because of rapid growth of middle class with increasing incomes to spend on consumer goods. In US, the wealth of the middle class is declining.
drloy1 6 months ago
The argument about half the country not paying taxes is bullshit. They already have to pay a sales tax, excise, tax, medicare, social security, etc. The legal definition of a poor family is a 4 person household that makes a combined total of $25,000 or less. And your telling me that they need to be taxed more so that the 1% earn more of what they dont need?
Bullshit!
biggydx 6 months ago 3
Rich people can't do third-grade math? Who knew?!
tamcon72 6 months ago
And people actually believe this shit!
colourmegone 6 months ago
Why is this episode in slide-show format?
SinnFein4ever 6 months ago
Excellent breakdown of the BS some rich guy wants people less educated to buy into just so he can be an even richer.
KingHeathen 6 months ago
90%? I smell bullshit.
madjimms 6 months ago 2
Its not really that difficult, if you make more money laying people off it is because you are making better use of your resources (i.e. creating value). This is beneficial. They can move on to do things that are more productive with their time. Likewise, what do the uber-rich do with their money? Invest it in businesses that make money (i.e. in places that create value). Silly liberals, the pie isn't always the same size. Trade is made of win.
Keeban3 6 months ago
@Keeban3 What does that have to do with raising the top bracket federal rate from 35% to 39.6%? Silly conservative. Offer up as knowledge a generalized platitude despite not understanding the argument.
NoProphetNYC 6 months ago
@NoProphetNYC
Look at my statement previous, I apparently retroactively answered your question.
Keeban3 6 months ago
@Keeban3 I see an inaccurate assumption about what the uber-rich do with their money written by someone who has explored some economic theory, but has zero real world application of the ideas. The uber-rich rarely invest directly in businesses. They give their money to financial managers who invest. Raising taxes on the collective lot doesn't affect their decisions one iota because everyone suffers the same fate. The financial managers still seek alpha in the new paradigm.
NoProphetNYC 6 months ago
@NoProphetNYC
So the financial managers invest it, I fail to see your point. And I didn't mention raising taxes on anyone.
Keeban3 6 months ago
@Keeban3 Do you have a mental disability? This video is about taxes. It follows an argument between billionaires Buffet and Golub over the distribution and rate of taxes - whether the federal income tax rate should be raised on the top 1%. As I pointed out in my first reply to you, and as you just confirmed, you have no idea what the argument is about. The funny thing is that doesn't stop you from continuing to comment. You've fallen in my estimation from earnest student to oblivious gad.
NoProphetNYC 6 months ago
@NoProphetNYC
Yes, I am stupid for thinking that if people have less money to invest, they will invest less money. You bring up specific percentages, as if this invalidates my position, but I don't see how. Obviously this is because I have no idea what the argument is about. Good point...
Keeban3 6 months ago
@Keeban3 welcome to walmart fool, your logic is out the window. According to your B.S. We will all be wroking for walmart as they have almost singlehandely taken out the bakery union, the meat cutters union, hell they are into banking, and quite simply the easiest way to move money from one part of the country to the other. all hail walmart, we'll all work for them. congrats/. All in the name of productivity whoopee
huskerbird1 6 months ago
@huskerbird1
Walmart is a perfect example of what I mean.
Keeban3 6 months ago
@Keeban3 After working for many companies as a worker and as lower management, I can say laying off isnt to make better use of resources. Its to work less people harder for less or the same money.
It creates alot of burn out and higher turnaround, which is not productive, but great for short term gains for sure
Second, people tend to get lower paying jobs, not become more productive because they were very productive before. I guarantee they didnt lay off people that were standing around
waltermh111 6 months ago
@waltermh111
If you get the same amount of people to get more done in the same amount of time, that sounds like a good thing. Although I see your point about retraining people, still, shuffling people to more productive places has to be done.
Its nature to start out lower and move up. People almost unanimously get paid more as they get older, and sure starting over sucks, but if you made the company more money than you costed, they couldn't make money firing you
Keeban3 6 months ago
@Keeban3 Next, the rich actually dont tend to invest, alot of it sits in banks.
But even when they do invest it doesnt usually create value. Alot is invested in overseas banks or companies, or invested here in gambling with money.
bloomberg . com/news/2010-09-13/rich-americans-save-money-from-tax-cuts-instead-of-spending-moody-s-says.html
Silly conservative, repeating talking points and living in a bubble.
But yes, the rich do invest.
waltermh111 6 months ago
@waltermh111
Banks lend money, but regardless, who with over a million dollars saved up is going to leave that in a bank with 2% return when you could invest it at 8% return? I don't consider investment overseas, a bad thing. The thing I think is funny is that the same people that think overseas investment is bad thing that foreign ownership of American companies is also bad. If its talking points to understand that economics is about production, I'll take the criticism gladly.
Keeban3 6 months ago
@Keeban3 Them investing is only so useful if the money in their hands is somehow worth more than in ours.
But it isnt. They invest in a business that hires people. I spend money at a company that hires people to serve me, or put it in a local bank that lends money to a company that hires people.
Both do the same, except i spend most of my money, and what I save is miniscule.
They have millions each tied up in savings where it typically is not invested in the US.
waltermh111 6 months ago
@waltermh111
Its not about money, its about wealth (what you can buy with your money). Look at the history of the world, and tell me economic freedom has not done more for the poor than any other philosophy.
Consumption is a silly way to drive the economy, unless you truly believe the old lie, "a broken window stimulates growth". Its about resource allocation. Investment reduces goods in the short term, but increases them exponentially long term.
Keeban3 6 months ago
Great video....but why just still images of dummies?
Violent2aShadow 6 months ago
Totally agree but goddamn the sound effects were annoying.
fleaoverlord 6 months ago
I would double thumbs up this if I could.
triftenC 6 months ago 15
This is great, man!
Zakdayak 6 months ago
I read Harvey's entire op-ed, and I can find almost nothing I could possibly agree with him about.
Is "Golub" Polish for "douchebag"?
CBlargh 6 months ago 4
"I earned it" right... How do I know he didn't INHERIT it like so many other rich people in this country?
whoo689 6 months ago
@whoo689 He has money. Therefore, he earned it. That's conservative logic.
TBTabby 6 months ago 3
Harvey Golub sounds like a spoiled brat.
whoo689 6 months ago
Aren't SS and Medicare taxes SPLIT (6% or so, I think) between the employer and employee? State income taxes are generally less than 10%. Don't estate taxes usually go into effect ONCE YOU DIE? How is this asshole ANYWHERE NEAR paying 80-90%? pfft
whoo689 6 months ago
LOL! Yeah, right. He's paying "80-90%" this year. What a lying sack of shit!
whoo689 6 months ago
"Broaden the tax base" defined as, raising taxes on the impoverished
Tax the rich = un-American
Tax the poor = Fiscal Conservatism
┌∩┐(◣_◢)┌∩┐
nutt66 6 months ago 22
EPIC LOL, GREAT episode!!!
WeirdLiberalHead 6 months ago
lawd have mercy, what a pwnage lol
Runningscared4ever 6 months ago
LOL That was perfect! And a really good idea too.
pancholordofthecouch 6 months ago
Game, set and match...and we still have at least a Part 2?
I'm 42, male and straight but I still want to bear your love children.
progrocker69 6 months ago 2
that...was...impressive.
MUTT1126 6 months ago
lol. I love the "validate the birth certificate" at the end of your vids.
fantasy0coach 6 months ago 2
OWNED!
brian4480 6 months ago 2
EPIC
DeathofSpeech 6 months ago
lol there was a time when the income tax was that high, that was back in 1942, I doubt that they are paying that much today.
LtHavoc1983 6 months ago 2