Scrooge McDuck and Money (2)

I wish Ed Rendell had watched this last year ;(

I wonder if I showed this to my little sisters if they would stop hounding my mom about how she spends her money...

LOL!!! I see you are another Pennsylvania resident!

Aye ;)

I've been really impressed by this series, but my beef is with their explanation of taxes. The roads, bridges, parks, etc. are all paid for by property taxes, gasoline taxes, etc.; not by the Federal income tax. Frankly, nobody except the IRS actually knows exactly what happens to our Federal income tax (enter Ron Paul).

All interstate highways are maintained by the Federal Goverment through Income Taxes. The Obama Stimulus package, paid for with Federal Income Taxes goes, in a small part to the building of bridges and new roads and in a much larger part to special interest groups. State highways are paid for by state taxes, Locals streets by your local taxes. Federal taxes were not intended to do this as Ron Paul states but very little in the Federal Government is doing what is was intended to do.

In this particular clip only the word government is used which implies all taxes to all forms of government, local, state and federal.

The ending song is the best. Thanks to this, my understanding of Economy has increased!

I bet Robert Kiyosaki watched this at some point growing up. :)

Some peoples view of economics is actually this simple. Usually those who complain about that people should read eco 101, because they haven't read any further than that themselves.

yep, explaining the monetary system for kids, this is very simple.