Here are four videos that should be shown to every person in the United States from the age of 12 upward. They are well narrated and easy to understand the basic concepts of economics with no bias. Truly amazing and unusual in today’s culture of blame and greed in Washington DC. The videos are presented by the Center for Freedom and Prosperity. Dan Mitchell from the CATO Institute is the moderator.
The first video explains the Laffer Curve and the relationship between tax rates, taxable income and tax revenue. It also dispenses with some myths about the Laffer Curve and economics.
The second video looks at real world evidence of changing marginal tax rates in the United States and other countries.
The third video explains our governments static policy of estimating taxes. Federal government stupidity at its finest.
The final video explains why Keynesian economic policy is so loved by democrats and dictators the world over. Basically this economic policy is used to justify the federal governments theft of wealth from some of it’s citizens and channeling the wealth to the citizens they favor.
Wonderful videos and a big thanks to the Center for Freedom and Prosperity, Dan Mitchell, CATO and the Heritage Foundation.
The only area I disagree on is the flat tax as a good alternative to our tax code. The flat tax has been shown to be unworkable in the United States due to the corruption in Washington DC. The fair tax would take power from Washington politicians and is sorely needed as a recipe to fight corruption.
Nancy Pelosi, Harry Reid, Barney Frank, Chuck Schumer, Barack Obama, Chris Dodd. George Bush all favor Keynesian economics. The democratic party only seems to know Keynesian economics. Hopefully the people will get the fair tax passed by a massive uprising as the realization these politicians sold them into third world economic status.
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