Why the Rich Can and Should Pay More in Taxes - Professor Richard D Wolff
Loading...
Uploaded by RichardDWolff on Dec 9, 2011
Why The RIch - Individuals and Corporations - Can and Should Pay More in Taxes (Full title to big for YouTube!)
PUBLISHED ON OCTOBER 16, 2011
The US government relies chiefly on income taxes levied on businesses and individuals. Over last 40-50 years, the burden of federal income taxes has shifted (1) from businesses to individuals, and (2) from the highest income earners to the middle and lower income earners. The rich have waged a successful class war through controlling the politicians who write the tax laws. Current federal deficits could be drastically reduced by simply returning to the tax rates on business and the rich 40 years ago.
Original Video: http://rdwolff.com/content/special-comments-short-clips
.......
Professor Wolff's Website: www.rdwolff.com
Professor Wolff's RSS Feed: http://blip.tv/professor-wolff/rss/flash
Professor Wolff's Podcast: http://www.truth-out.org/economic-update-your-weekly-dose-revolutionary-econo...
Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.
- 21 likes, 2 dislikes
-
- 6:27
Why Europeans Fight "Austerity" More Successfully than Americans - Professor Richard D Wolffby RichardDWolff118 views
- 39:19
Global Capitalism - November 2011 (3of3) - Professor Richard D Wolffby RichardDWolff454 views
- 5:23
The Basic Economics of National Health Insurance - Professor Richard D Wolffby RichardDWolff132 views
- 13:31
"Intro to Marxian Economics" 3 (1of8) - Richard D Wolffby RichardDWolff760 views
- 30:00
The Call for a New Capitalism (1of2) - Professor Richard D Wolff at BSECby RichardDWolff727 views
- 7:13
LISTEN!!! Richard Wolff on Capitalism Part 1 of 2by JsTube5,157 views
- 1:13:34
Richard D Wolff on the Greek Crisis (exclusive interview)by omadeon1,851 views
- 4:37
Starving vs Splurging in New York - Professor Richard D Wolff on RTAmericaby RichardDWolff198 views
- 44:01
Global Capitalism - Dec 2011 (1of3) - Professor Richard D Wolffby RichardDWolff517 views
- 1:45:08
Capitalism Hits the Fan - Richard Wolffby PHubb71,386 views
- 7:36
Markets Don't Supply According to Demand - Professor Richard D Wolffby RichardDWolff163 views
- 8:13
LISTEN!!! Richard Wolff on Capitalism Part 2 of 2by JsTube2,114 views
- 10:23
Richard Wolff BCC Part 6by tearsforfears6090630 views
- 2:27
Slavoj Žižek on Climate Change Denialby LukeScientiae1,404 views
- 3:57
Republicans Oppose Government Jobs Bill - Professor Richard D Wolffby RichardDWolff65 views
- 6:01
Capitalism Hits the Fan Part 2 of 2by buddhagem7,713 views
- 1:43
Chris Hedges summarizes the New Whirled Orderby dripmeister347 views
- 20:07
Richard Wolff: Eurozone Woes Created By Mating "Dysfunctional" Political & Economic Systemsby democracynow3,240 views
- 1:12
Billionaire Mort Zuckerman 'I need to pay more taxes, but Entiltements need drastic reform'by californiahub234 views
- 32:32
Slavoj Žižek On OWS, Capitalism, Western Culture & Global Politics (POLITICAL DISCOURSE series)by TheYouDataBank6,070 views
The reason people didn't pay the 91% is because they reinvested their income back into their businesses or invested in other businesses pre-tax which created a tremendous amount of growth in employment and created wealth in the form of business equity for the wealthy.
oldsmartypants 1 month ago
@ReluctantZer0 Nothing off the top of my head.
DaHonestAbe 2 months ago
@DaHonestAbe Do you remember any sources?
ReluctantZer0 2 months ago
@shifragri Between 25 and 35 percent if I remember correctly.
DaHonestAbe 2 months ago
@DaHonestAbe do you know what the average rate that was actually paid was?
shifragri 2 months ago
@ReluctantZer0 Thanks for your reply, gives me more things to consider.
shifragri 2 months ago
Wolff is right about the 91%, but no one ever actually paid that rate because of the deductions that were available at the time.
DaHonestAbe 2 months ago
@shifragri I would imagine not considering how much money the United States makes. There's enough for every single citizen in the US, young and old, to receive 45 to 50k a year if completely split evenly. But I suppose it also depends on what kind of economy we have, too. If we started to actually produce things again, the more likely more people would get more money. My 2 cents, anyway
ReluctantZer0 2 months ago
Prof. Wolff:
Is it possible for the USA to have a thriving middle class it had during the post WWII era until the 1970s? After WWII the Europe and Asia were on their backs, it wasn't any real competition, since that is no longer the case, isn't the middle class dream gone forever?
shifragri 2 months ago