1%er Explains What All Intelligent People Already Knew

[Pumpkin Row]

I applaud this man for walking into a crowd of Fopdoodles and explaining economics.

 

[Penelope]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

 

[Brynmr]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

So you didn't listen to the video.

 

[SassyIrishLass]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Everybody pay 10%....across the board. Problem solved

 

[RoshawnMarkwees]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Are you really that naive?
They only use increased taxes to grow government and buy voters while still racking up more debt.
Follow the pattern. It's been going on for decades.

 

[hadit]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Do you have ANY idea how long that would take? Let's look at this logically.

1. There isn't enough income among the wealthy to close the Obama deficit even if they were taxed at 100%. That right there eliminates your pipe dream of paying off the debt by jacking up tax rates.

2. If that wasn't enough for you, let's look at what rich people do when you jack up their tax rates. That's right, their income disappears, gets moved around, reclassified and you don't get anywhere near what you thought you would get.

3. To add insult to injury, what do you think Congress would do with a bunch of new revenue? Do you think they would:

A. Keep spending where it is and use the new revenue to pay down the debt? HAHAHAHAHAHAHA!!!!
B. Increase spending slightly on infrastructure needs that Obama neglected, cut spending on pet projects and narrow the Obama deficit? HAHAHAHAHAHAHA!!!!
C. Go nuts and increase spending even more than the new (projected, not real) revenue and widen the Obama deficit? Yeah, that one.

 

[Fenton Lum]

2. If that wasn't enough for you, let's look at what rich people do when you jack up their tax rates. That's right, their income disappears, gets moved around, reclassified and you don't get anywhere near what you thought you would get.

So it would be just like it is now then wouldn't it.

 

[there4eyeM]

Regressive taxes are undemocratic.

 

[hadit]

2. If that wasn't enough for you, let's look at what rich people do when you jack up their tax rates. That's right, their income disappears, gets moved around, reclassified and you don't get anywhere near what you thought you would get.

So it would be just like it is now then wouldn't it.

Now you're starting to understand. Jacking taxes on the wealthy won't do anything positive to the federal budget. You can have all kinds of reasons to raise taxes on the rich, but don't pretend it would do anything to erase the Obama deficit or pay down the debt.

 

[Care4all]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Are you really that naive?
They only use increased taxes to grow government and buy voters while still racking up more debt.
Follow the pattern. It's been going on for decades.

Really? Then how come the tax cuts reneged from the top 1 % under Obama reduced the budget deficit?

 

[RoshawnMarkwees]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Are you really that naive?
They only use increased taxes to grow government and buy voters while still racking up more debt.
Follow the pattern. It's been going on for decades.

Really? Then how come the tax cuts reneged from the top 1 % under Obama reduced the budget deficit?

A reduced deficit is still an increase in debt.

 

[Preacher]

Of course the 1%er thinks capitalism works...its working exactly as its supposed to. Legalized Slavery. Pay the littlest of wage you can get away with and whine when people want better wages etc. Capitalism was invented to make the rich even richer and keeping the poor poor.

 

[Yousaidwhat]

His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.

Here's a new concept...

Stop fucking spending money.

 

[EverCurious]

Folks are so wrapped up in "fair share" and "businesses are evil" that they aren't logical about the big picture at all. Schools are a damned disaster not teaching this shit.


Deregulate, kill ACA, and let the businesses open up jobs to people first, then ease in foreign tariffs over the next year to get businesses excited. I have a gut instinct that the market's playing hard and loose right now and it's going to depress globally next year (my guess is to where it was before Trump won. Minor, even unnoticeable if we can pump out some jobs before it hits.) I think Trump needs to watch the oil, I've heard rumors the Saudi's are going to drop production if Russia and the US/EU stand down a bit, that's going to bring gas prices up. I fucking hate to say it but it might behoove to entice the big three in Alaska to pump, maybe they'll concession to selling some portion in the US only so folks don't get thumped too hard. I also think that the UN is going to hammer us anyway they can trying to get Trump to play their ballgame.

Maybe once we get some business back he can work on a return to gold standard, maybe even ditching fed backings. Honestly, not holding my breath because the banks are going to temper tantrum so I think we /have/ to get the workers more comfortable for that hit.


I was thinking to start up a grocery delivery business as I'm constantly wanting one out here but no one else has done it - 'do my part' in making some jobs - problem is we've got a labor shortage so it's not exactly useful in a national scheme. If anyone's thinking to start a business in the lower 48 (buddies, yourself, etc.) send me the idea and I'll have my lawyers check it out!

 

[JoeMoma]

I applaud this man for walking into a crowd of Fopdoodles and explaining economics.

I watched 15 min or so. Not many seemed to understand what the 1%er business man had to say.

 

[Carl in Michigan]

Of course the 1%er thinks capitalism works...its working exactly as its supposed to. Legalized Slavery. Pay the littlest of wage you can get away with and whine when people want better wages etc. Capitalism was invented to make the rich even richer and keeping the poor poor.

Told you NAZIS are SOCIALISTS and not Conservative.

 

[Carl in Michigan]

I applaud this man for walking into a crowd of Fopdoodles and explaining economics.

Fopdoodles great term.

I love how all these failures (all Democrat supporters) lecture the successful when they should learn to LISTEN to the achievers.

Like you I applaud his efforts. Republicans should be doing this -- winning converts to the vertues of CAPITALISM.

 

[frigidweirdo]

I applaud this man for walking into a crowd of Fopdoodles and explaining economics.

Oh God, I got to 49 seconds in and he's blaming Socialism, Fascism, Corporatism, but not Capitalism, as if Corporatism isn't Capitalism.

 

[Carl in Michigan]

Oh God, I got to 49 seconds in and he's blaming Socialism, Fascism, Corporatism, but not Capitalis

Painful when your sacred cows get skewered ain't it.

 

[Pumpkin Row]

I applaud this man for walking into a crowd of Fopdoodles and explaining economics.

Oh God, I got to 49 seconds in and he's blaming Socialism, Fascism, Corporatism, but not Capitalism, as if Corporatism isn't Capitalism.

Because Socialism IS to blame. It's like cancer, except people don't advocate forcing it on everyone~