MoveOn.org's Economic Theories Rebuffed

1) Why is Reich attempting to link EXPANSION IN THE ECONOMY with INCREASE IN AVERAGE WAGES?  The two measures are not necessarily related.

If someone argued that the INCREASE IN POPULATION from LOW SKILLED IMMIGRANTS has depressed wage competition DOWNWARD would LIBERALS be any more willing to crack down on Immigration any more than a conservative is willing to impose economic limits upon news that the Earth is warming?

2) THIS FRAUDULENT POINT about "WHERE DID ALL THE MONEY GO?" makes it worthy to DELETE THIS B.S. from YouTube!!!!!

He is a ZERO SUM X-Box GAMER in his belief that WEALTH IS NOT CREATED it is REDISTRIBUTED!!!!

Before I go any further (stopped at the 38 second mark) I can see that he is merely setting up an argument for MORE REDISTRIBUTIONIST TAXES .

Why isn't it EQUALLY justified to ask: WHY HASN'T THERE BEEN MORE ORGANIC COMPETENCY DEVELOPMENT AND PRODUCTIVITY from the NEW LEADERSHIP IN THE VARIOUS CITIES who have seen a precipitous decline since Industrialization?

This new wealth is from FINANCIAL SERVICES or other "Middle Man" VALUE generators.
How does one claim on the one hand that HEAVY INDUSTRY is a truer sign of wealth creation than is ABSTRACT FINANCIAL INSTRUMENTS where wealth is generated on MARGINS - yet you COVET the wealth that you just dismissed, seeking to REDISTRIBUTE IT to the least of these?

3) Whenever I hear someone argue about class stratification of INCOME I realize that they are not a serious minded person who can lead the PEOPLE WHO FOLLOW THEM toward prosperity. (47 SEC)

If you and Reich were to be dropped into the sands of Chad and were given 100% of the nation's wealth - lets say $10M just to initiate the discussion - YOUR POSSESSION OF ALL OF THE WEALTH would not do a DAMNED THING in keeping you from STARVING as you have built up the INFRASTRUCTURE that is indeed to allow the people to prosper.

MONEY IS AN ABSTRACT NOTION OF VALUATION.
Obama could print out $100T and give it to EVERYONE who is POOR and this would not mean ANYTHING because the VALUE OF THE CURRENCY has been diluted.


4) If the RICH got the power to LOWER THEIR TAX RATES why doesn't Reich look at what POWER is now in Washington that afforded:
* Obama Care
* Tax Cuts for the Middle Class
* Bailouts for Unionized GM and Chrysler?

This is a KEEP YOUR ENEMY ON TRIAL

Why is it that Republicans are RACIST when they point to the era when TAXES WERE CONFISCATORIALY 70% yet the Progressive Confiscators can point back to these as the "Glory Days" when Progressive President Woodrow Wilson told WEB DuBois and William Monroe Trotter - "You Ninjas will live to regret the vote that you cast for me"?

5) So BUDGET DEFICITS are from NOT COLLECTING ENOUGH TAXES?
Tell that to the HIGH TAX / Budget Deficit cities/states of:
* California
* Chicago
* NYC
* Philadelphia
* Newark
* Washington DC

Why is it that THIS DOESN'T PROVE that SOCIALISM FAILS TO EVER HAVE ENOUGH MONEY to hand out "Social Justice" and that it needs to SUPPRESS rich people so they can't move while their pockets are being picked?

6) Tax Revenues are down to 16% of the ECONOMY?
This means NOTHING!!!
What if the PRIVATE SECTOR ECONOMY grows FASTER than the Government Sector? Does this INCREASED IMBALANCE show evil? This guy is an educated fraud.


7) Middle Class Divided OR Their Leaders UNABLE to produce ORGANIC DEVELOPMENT?
ColonPhone - do you see that this is all a set up to GO AFTER THE RICH?
There is not ONE IOTA of a need for those people who YOU VOTED FOR to deliver for you STRONG INSTITUTIONS that will allow the promise that you were given to come true.
They got INTO POWER from your STRUGGLE.
They are going to KEEP POWER by having you on another CHASE.

NEVER MIND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

THE VIDEO WAS MADE BY "MOVEON .ORG".

NOW I SEE.