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September 18, 2014


Republican Ben Stein Hits Fox News Lies Again–Raising Taxes On Wealthy Does Not Kill Growth (VIDEO)

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Ben Stein strikes again. For those who believed it was a fluke when just before the election Ben Stein went on Fox News and said there was little correlation between taxes and economic activity, it was not.

Ben Stein struck again on Fox News when sitting on a panel he simply tore through Charlie Gasparino with facts.

Ben Stein Says as he is constantly interrupted.

Charlie with all due respect there is no data, no reputable study showing that raising taxes on rich people inhibits growth

Charlie Gasparino injects

Nineteen eighties, Nineteen eighties, cutting capital gains

Ben Stein retorts through continuous interruption

sir from 82 to 88 every year Mr. Reagan raised taxes

 

Republicans have been trying for a long time to suppress all the reputable studies that show clearly that raising taxes on the wealthy do not adversely affect the economy. In fact because the marginal propensity to consume of the  middle class is greater proportionally than the rich, and because marginal tax increases does not inhibit any marginal spending increase by the rich, it can actually improve the economy. How? If that tax increase is returned mostly to the economy and partially for debt relief, there is a large multiplicative effect to the economy. This was borne out under both President Reagan and President Clinton.

Of course Reagans huge budget deficits were very stimulative and as such most of his economy was  based on stimulus and not on inherent real increases in permanent investments in America as a whole.

See the video below. It is quite informative of the deceptive practices of the characters on Fox New.


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About Egberto Willies

Egberto Willies is a radio show host, author, blogger, political activist, DailyKOS Featured Writer, Vice President of Coffee Party USA, Executive Committee member of Move to Amend, 2nd Annual CNN iReport Spirit Award Honoree, HuffPost Live Contributor, self-employed software developer, & web designer. Egberto wrote the book ‘As I See It:Class Warfare The Only Resort To Right Wing Doom’ based on his belief that the mainstream media is derelict in its duty to relate what really ails the middle class and the complicity of the Right Wing in its demise. Bio: http://egbertowillies.com/bio/ Linked In: http://linkd.in/TOiHUS. Google

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