Robert Reich - 7 Lies

Robert Reich reveals the 7 biggest lies about the economy.

• Category

  News & Politics

[Slave2PaperWithInkOn]

SOZ.Slip of the coc-erm-thumb. Checkout the 3min38 vid "Cut Benefits to Bankers Not Public Services," by Positive Money and others on their site and channel. Peace

[Slave2PaperWithInkOn]

CHERCKOUT the 3min38 vid "

[Slave2PaperWithInkOn]

CHECKOUT the 2min52 vid "Why Do Banks Make So Much Money?" (and others) by Positive Money UK. Peace

[colossalko]

It has to do with the cost of living. Some people barely afford to pay their bills so taxing them is like taxing them to be alive. Where as others spend much fewer for basic needs. Also when wealthier people make money they save it as opposed to spend it which is why wealth is at an all time high but spending isn't. In my opinion the effective corporate tax rate and the DoD budget are a bigger problem. That could wipe out the deficit but the more money the wealth have the less it circulates.

[Joe Strummer]

But they already pay *less* than what everyone else pays. Most income for the rich comes from capital gains which is taxed at a flat 15% rate, instead of the up to 39.6% on normal wages which comprises most of the non-rich's income. Additionally having more money opens opportunities to take advantage of more deductions. This is how Warren Buffet pays less of a percentage of his income than his secretaries, or how Mitt Romney only payed 13.9% in 2010.

[Gaurav Garg]

I am not on either side, but why is everyone telling the rich to pay their "fair share"? Aren't they already paying their fair share? What you want is for them to pay more than what everyone else does!!

[Slave2PaperWithInkOn]

CHECKOUT the vid "25 Top CEOs Earned More Than Their Companies Paid in Taxes," and the 2min52 vid "Why Do Banks Make So Much Money?" by Positive Money. Left/Right...? Peace

[Slave2PaperWithInkOn]

WELL SAID. Checkout the vid "Cut Benefits to Bankers Not Public Services," by Positive Money (and pass on THE facts) PEACE

[Al Short]

I'm pretty sure he supported his points with facts but maybe you skipped out for a hershey bar at that point.

[harold whitney]

Opinions are just that he's not explained why his "Lies", are in fact lies.

He is expressing only tired Liberal policies, he'd like us to believe.