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The 7 Biggest Economic Lies

Robert Reich reveals 7 of the biggest lies about the economy. Does he speak the truth I-A-B?

submitted by: kitteh9lives
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The 7 Biggest Economic Lies. Robert Reich reveals 7 of the biggest lies about the economy. Does he speak the truth I-A-B?
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Hits: 14214 | Favorites: 9 | Emailed: 4 | Rating: 2.9 | Category: News & Politics | Date: 10/14/2011
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Male, 18-29, Southern US
 303 Posts
Tuesday, October 18, 2011 1:22:56 PM
You spelled "Truths" wrong.

Male, 18-29, Eastern US
 1711 Posts
Saturday, October 15, 2011 3:34:09 AM
Said this in another post but the Laffer Curve works, here is some proof.

Female, 18-29, Europe
 300 Posts
Saturday, October 15, 2011 12:57:13 AM
He speaks the truth.

Male, 40-49, Midwest US
 16682 Posts
Saturday, October 15, 2011 12:24:50 AM
Baal: It's not so much about corporate tax rates now, it`s about heavy-handed and over burdensome regulations that act like taxation. Regulatory costs meet or exceed corporate taxes in most industries now.

The Gov`t raided Gibson guitar recently over legally obtained fret board blanks, they`ve prevented Boeing from opening a new airplane plant in South Carolina, Mile High Cab in Colorado is being prevented from operating taxis by a public utility commission.

And this over regulation is often has multiple layers to deal with like local public commissions that recommends to a board, that then recommends to a state licensing authority, each layer taking 3-4 months of waiting minimum.

It`s so ridiculous they are fining kids with lemonade stands if they don`t have a license that costs $500.

Male, 18-29, Asia
 4753 Posts
Friday, October 14, 2011 10:29:12 PM
Lets have a look at "The system we're using now" shall we?

Here`s the top- marginal tax rate vs employment:

Taxes down. Unemployment up. You`re pretending taxes are currently up and not working.

Same again for corporate taxes:

Finally, the idea that "if only corporate profits can be stimulated, we`d have jobs" is not true, they literally have never been richer:

So about this "system we`re trying now"... I like his idea better.

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