FOLLOW BOREME
TAGS
<< Back to listing
The seven biggest economic lies

The seven biggest economic lies

(2:47) American political economist and author Robert Reich, who served under Republican president Gerald Ford and Democrat presidents Jimmy Carter and Bill Clinton, reveals the seven biggest lies about the economy.

Share this post

You can comment as a guest, but registering gives you added benefits

Add your comment
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: iknowlessthanyoudo (2197 days ago)
If only the truth wasn't too dense for a tea bagger or Republican to understand and not unprofitable for the corporations running our government. If only the 99% had their own political party, candidates and a cohesive enough platform to vote for.
ReplyVote up (101)down (78)
Original comment
If only the truth wasn't too dense for a tea bagger or Republican to understand and not unprofitable for the corporations running our government. If only the 99% had their own political party, candidates and a cohesive enough platform to vote for.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
WalterEgo WalterEgo (2196 days ago)
His 7th point had never occurred to me before, and I think he's absolutely right. Take VAT in the UK. That's an unfair tax. If someone buys a hoover for 100, 20 of that is VAT. 20 is a much higher proportion of a low income than of a high income. Another way to see it is 20 is a lot to a poor person, but doesn't even register to a millionaire. Why not scrap VAT altogether and raise income tax to make up for it. It would streamline the tax system for government and businesses saving costs all round. It would also boost tourism to the UK.
Original comment
His 7th point had never occurred to me before, and I think he's absolutely right. Take VAT in the UK. That's an unfair tax. If someone buys a hoover for 100, 20 of that is VAT. 20 is a much higher proportion of a low income than of a high income. Another way to see it is 20 is a lot to a poor person, but doesn't even register to a millionaire. Why not scrap VAT altogether and raise income tax to make up for it. It would streamline the tax system for government and businesses saving costs all round. It would also boost tourism to the UK.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
TheBob TheBob (2194 days ago)
Yep. That was one of the whoppers fed to us by that ***** Thatcher. She claimed she cut taxes - but she just cut income tax and put up VAT & NI so poorer people ended up paying a bigger proportion of their income on tax.
ReplyVote up (101)down (62)
Original comment
Yep. That was one of the whoppers fed to us by that ***** Thatcher. She claimed she cut taxes - but she just cut income tax and put up VAT & NI so poorer people ended up paying a bigger proportion of their income on tax.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: t3hcynic (2144 days ago)
Latest comment: Everything except the medical outcomes bit is right on. Doctors can't guarantee medical outcomes - all they can do is prescribe a regiment based on what they know about your own personal physiology. Everyone's physiology is drastically different, and so is their willingness to follow the doctors orders. If the person won't stick to the prescribed regiment, there goes the guaranteed outcome.
ReplyVote up (101)down (88)
Original comment
Latest comment: Everything except the medical outcomes bit is right on. Doctors can't guarantee medical outcomes - all they can do is prescribe a regiment based on what they know about your own personal physiology. Everyone's physiology is drastically different, and so is their willingness to follow the doctors orders. If the person won't stick to the prescribed regiment, there goes the guaranteed outcome.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: IDD IS An IDIOT (2196 days ago)
idd. I think your scared of the truth !!
ReplyVote up (82)down (112)
Original comment
idd. I think your scared of the truth !!
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: idd (2197 days ago)
Crap
ReplyVote up (92)down (141)
Original comment
Crap
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
RELATED POSTS
Virgin gets involved with Hyperloop
Virgin gets involved with Hyperloop
Questions about SpaceX's BFR concept
Questions about SpaceX's BFR concept
Can Tesla compete in the trucking industry?
Can Tesla compete in the trucking industry?
Why has Apple released a premium model iPhone?
Why has Apple released a premium model iPhone?
BFR - Earth to Earth: BUSTED!
BFR - Earth to Earth: BUSTED!