Taxing the Rich Doesn't Work: A Response on Robert Reich Taxing the Rich

2 years ago
5

Taxing the rich doesn't work. As I was requested to do a response on Robert Reich taxing the rich I decided it was time to cover this topic issue as it is heard ever so often, whether it's the nonsense about the United States in the 1950s taxing the rich, or that there is wealth inequality. In this video I explain what wealth really is, why taxing the rich doesn't work and is really just envy of the rich.

You hear nonsense all the time about Jeff Bezos wealth, but clearly people don't understand where most of that wealth comes from and probably do not understand what assets are. However, I don't just touch upon the problem they are faced with in their vain attempt I also cover the moral argument, why it is immoral and is nothing other than theft.

It is nonsense to claim that tax cuts results in the rich getting richer and poor getting poorer, in fact, as I've explained umpteen times, if anything makes the poor poorer, it is running the printing press as it is the poor who are strongly reliant upon the paper currency for a wage, the rich are not.

Robert Reich, like any other socialist, doesn't understand the very fundamental basics of economics, hasn't the slightest understanding of what prices are, thinks he can somehow ignore and defy the laws of supply and demand, thus the belief in trying to control prices. Although he doesn't touch upon this in his particular video, that is more or less what socialists support as they would never support the market regulating itself regarding prices. Such evidence can be found in his argument in favour of universal healthcare, we know where that argument is going, no doubt arguing in favour of the British NHS with the 'free at the point of use' service, or the usual 'free tution fees' to university, etc.

You can check out Robert Reich's original video here:
• https://www.youtube.com/watch?v=-RS_BtLB3QE&t=295s

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