Who gives a fuck if SS is a Ponzi scheme anyway?? As long as it's SOLVENT and provides enough benefits for retirees, IT DOESN'T MATTER! The "Ponzi scheme" talking points are so ridiculous, just more pro-privatization propaganda.
Have you considered a progressive flat tax? Let's say a 50/50 plan. A $50,000 deductible and a 50% flat rate above the deductible. Also the only way to get jobs back is to establish significant tariffs, this would plug up the drain of resources going out of the country and stimulate the economy. You don't want tariffs when you have a trade surplus, but when you are running deficts, tariffs are essential.
I can't think of any reason one would want to run a tariff. And no, I'm not in favor of the tax you mention. It may raise taxes too high, among other things.
1) Ronald Reagan's tax cuts are largely responsible for the economic boom from 1991 to 2001. Economic growth takes time, money invested in the Reagan years grew the economy once the investments paid off.
2) Tax rate could be higher because the economy was growing, not the other way around.
3) While the government should provide "public goods" many of those positions could be offered more efficiently by the private sector
No, Reagan had little or nothing to do with the prosperity of the 80s, and had less to do with them in the 90s. Your statement is amazingly ignorant.
The '82 recession was caused by Volcker raising interest rates to 21% to get inflation under control. Likewise, he engineered the recovery when he brought the interest rates way down again in '83. It was almost all monetary policy, which anyone who understood basic econ would know.
@GTE555 1. Regan's and clinton's tax hike is responsble for the economy during that time, regan's and bush's tax cuts are responsible for the economy now
2. Taxing the rich is proven to improve the economy not the other way around
3.Gov. investment into the public inferstructure is historically proven economic boost, while private investment is historically proven to monopolize the market and defeat capitalism
Get it right or go back to china reich winger,reply if you want you vanity back.
Dr Reich frequently used anecdotal evidence to prove his points, I suppose he had to rush things with only 3 minutes. Any one of these 9 topics are worthy of a video of their own.
The public (especially the voting public, needs to know these rebuttals to the false distorted mantras of the right wing. He should have gone further with the item about "trickle down" not working. I believe that "trickle up" would be far more effective and rapid in creating demand and signaling business where to invest their capital. This may mean redistributing income; after all that's what has been happening for the past 3 decades, but in the other direction.
OMG this sends 7 sidewinders straight up Petey's ass. Sorry bud, but I gotta lift this vid from you and incorporate it into a new bash Peter Schiff vid :)
Hasbara!
MegaRain8 1 month ago
Who gives a fuck if SS is a Ponzi scheme anyway?? As long as it's SOLVENT and provides enough benefits for retirees, IT DOESN'T MATTER! The "Ponzi scheme" talking points are so ridiculous, just more pro-privatization propaganda.
whoo689 1 month ago
Have you considered a progressive flat tax? Let's say a 50/50 plan. A $50,000 deductible and a 50% flat rate above the deductible. Also the only way to get jobs back is to establish significant tariffs, this would plug up the drain of resources going out of the country and stimulate the economy. You don't want tariffs when you have a trade surplus, but when you are running deficts, tariffs are essential.
eden4303 4 months ago
@eden4303
I can't think of any reason one would want to run a tariff. And no, I'm not in favor of the tax you mention. It may raise taxes too high, among other things.
AntiSchiff 4 months ago
Hahaha, There are no poor ppl, its only that the prices on goods are higher than they can afford.
Its true Reich doesnt get it right, ever!
Warzoooooo 4 months ago
@Warzoooooo
I only approved this comment as a testament to your stupidity.
AntiSchiff 4 months ago
1) Ronald Reagan's tax cuts are largely responsible for the economic boom from 1991 to 2001. Economic growth takes time, money invested in the Reagan years grew the economy once the investments paid off.
2) Tax rate could be higher because the economy was growing, not the other way around.
3) While the government should provide "public goods" many of those positions could be offered more efficiently by the private sector
4) Finally a true point
GTE555 4 months ago
@GTE555
No, Reagan had little or nothing to do with the prosperity of the 80s, and had less to do with them in the 90s. Your statement is amazingly ignorant.
The '82 recession was caused by Volcker raising interest rates to 21% to get inflation under control. Likewise, he engineered the recovery when he brought the interest rates way down again in '83. It was almost all monetary policy, which anyone who understood basic econ would know.
AntiSchiff 4 months ago
@GTE555 1. Regan's and clinton's tax hike is responsble for the economy during that time, regan's and bush's tax cuts are responsible for the economy now
2. Taxing the rich is proven to improve the economy not the other way around
3.Gov. investment into the public inferstructure is historically proven economic boost, while private investment is historically proven to monopolize the market and defeat capitalism
Get it right or go back to china reich winger,reply if you want you vanity back.
pistolpete1st 2 weeks ago
not sold on social security....but our big fuckin problem is Military spending, thats whats gonna do us in!
chromedreamz 4 months ago
Where are the FACTS? Oh, that would have taken up too much time. What a shame.
ddourte 4 months ago
@ddourte Haven't you watched the video? He adressed the facts you fucking idiot, he vene simplified the facts with DRAWING THEM.
Fucking fascist evil shithead.
Imhornydadcomeinside 4 months ago
Dr Reich frequently used anecdotal evidence to prove his points, I suppose he had to rush things with only 3 minutes. Any one of these 9 topics are worthy of a video of their own.
Zyworski 4 months ago
The public (especially the voting public, needs to know these rebuttals to the false distorted mantras of the right wing. He should have gone further with the item about "trickle down" not working. I believe that "trickle up" would be far more effective and rapid in creating demand and signaling business where to invest their capital. This may mean redistributing income; after all that's what has been happening for the past 3 decades, but in the other direction.
wanderingdoc 4 months ago
also: the higher the income the more you:
profit of the government, cause external costs that the government has to pay for
0MoTheG 4 months ago
OMG this sends 7 sidewinders straight up Petey's ass. Sorry bud, but I gotta lift this vid from you and incorporate it into a new bash Peter Schiff vid :)
TheRedCapitalist 4 months ago
Great, Bob!
urielstud 4 months ago
this is gold
CTFxCsoldierNumber27 4 months ago
It's pretty hard to argue with that...
Unless you're Schiffty Pete, that is... He'd argue that an apple is an orange, and that it is the FED's fault.
heckler73 4 months ago