Comments by "justgivemethetruth" (@justgivemethetruth) on "The Truth About How Taxes Really Work" video.

  1. Read T. R. Reid's "A Fine Mess" that explains the tax mess we have.
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  2. It is a rhetorical error to call Reaganites "supply-siders" because what they did is cut supply in order to raise prices and deny a living to the bottom 20% ... scaring everyone and inducing fear and hate into our society. An elite class has monopolized the government and the economy, and I don't think we are going to get it back by a non-violent vote, because now they have the money and the power to rig elections.
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  3. Tax cuts for billionaires weaponized the economy against working people. They get more money and they buy up everything and rent it back to us. Socialism = Capitalism + Democracy Fascism = Capitalism - Democracy That's why we have a fascist country where rich people show open contempt for the government, the law and the citizens.
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  4. The ridiculous Laffer Curve is a "graphical" curve where only two points are known ... it is plotting revenue against tax rate. If you have 0% tax rate you have 0 revenue, and if you have 100% tax rate you still have 0 revenue. That is all it says ... there is nothing on the shape between those two points, nor anything about the best tax rate ... it is a joke. Where we are now is that every time they lower the tax rate the reduce revenue.
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  5. I don't see any reason why there should be any difference between investment and earned income? Tell me the justification for that?
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  6.  @PseudoSpaceMarine  I'm pretty sure that is not it because most investment income is not in 401K's or IRA's. But it is only the profit made on investments that is taxed. It is hardly fair to tax people who work for a living at a high rate, and people who sit around collecting interest, appreciation or profit from long term investments. Apply the same progressive taxation structure to both people with both kinds of investments is what is fair.
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