Should We Tax the Rich More?

Some people say we need to tax the rich more, to improve the economy and cover budget shortfalls. As this video shows, the available data go completely against these claims.

My sources for these figures are the National Bureau of Economic Research, the National Taxpayers Union, and usgovernmentrevenue.com.

My previous video on the Bush tax cuts is here: http://www.youtube.com/watch?v=3nw0eZe2J9A

Category:

News & Politics

Tags:

• tax
• rich
• 99
• percent
• government
• libertarian
• spending
• economics
• gdp
• wealth
• crisis
• recession
• occupy
• wall
• street

[interstate317]

@Raptor302 actually it was $42 million over the last two years. Remember the whole "he makes $57,000 a day" thing. That adds up to 21 million a year.

[shanedk]

@Raptor302 It's not a paradox, the Constitution isn't some holy document or something. And this is like #7 in How To Tell A Dogmatist: they resort to this argument, not realizing that the Constitution is the Supreme Law of the Land and that when a law is wrong it needs to be changed.

[Raptor302]

@shanedk "The Constitution CAN AND HAS been amended."

Which proves what we all knew all along: that this whole process is at some level subjective. Do you defend what is already in the Constitution or push for changes that you desire in it? Case in point: the conservatives that say they want to uphold it while talking about repealing the 14th amendment.

And for libertarians like you, that paradox exists in Amendment 16

[johnrainrules]

@shanedk I'm 34 and she had been there for at least 10 years by the time I graduated. 

[shanedk]

@johnrainrules Right, dietitians can't even make up their minds about what a proper diet is.

Maybe I'm showing my age here, but I went to school in the days before campus cops...

[johnrainrules]

@shanedk When I was in High School every teacher and the campus cop all thought they were experts on nutrition. Luckily they never had the power to do anything but talk. Most of the time their advice was mutually exclusive.

Given all the diets out there I really don't want nutrition to become a campaign issue. Kids shouldn't have their diet changed because we go from a Vegan to an Atkins administration, or some other such nonsense.

[shanedk]

@johnrainrules Yep. It's not about the health of the kids; it's about the profits of the school cafeteria. I remember when I was in high school and we got harassed for bringing our own lunches. We started eating in the band room after that.

[shanedk]

@Raptor302 "So which interpretation of the constitution would you like us to use?"

See #2 in my series Lectures on the Constitution.

"It would be nice to rewind the clock to 1776 wouldn't it and pretend like 200+ yrs of history and national evolution didn't exist"

BLATANT strawman. The Constitution CAN AND HAS been amended. But if you allow the government to do ANYTHING not authorized by that document, then it might as well not even exist.

[johnrainrules]

@Raptor302 'It would be nice to rewind the clock to 1776 wouldn't it and pretend like 200+ yrs of history and national evolution didn't exist, "

Luckily we can amend the constitution. If they want to ban Marijuana they can try to get an amendment. If they had to get an amendment for Alcohol why not Marijuana.