Comments by "whyamimrpink78" (@whyamimrpink78) on "Right-Wing Economics Debunked" video.

  1. Sanders will explode the deficit and cause a recession.
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  2. "Trickle down economics" is not even an economic term, it is a political one.
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  3. @R RQ , they feel the government can spend your money better than you can.
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  4. No one paid those high taxes. In 1967 there were 155 Americans who earned over $200,000 that year and paid $0 in federal income taxes.
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  5. Kyle just show how much of an economic illiterate he is here.
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  6. That is a problem with this video. There are many tax codes and brackets. At the federal level you have 5 brackets, corporate taxes and payroll taxes. Anyone taking this video seriously have a way too simple outlook on economics.
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  7.  @cygnusx-3217  , Bernie supports easy monetary policy .
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  8.  @jccgold  , Kyle and his fans fail at economics. Kyle said that the deficit is exploding. In truth it is around -3.5% of GDP which is normal based on previous trends.
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  9.  @noel7777noel  , i was not born rich. The reality is that there are many indications to suggest our economy is doing well. I am all for talking economics. If you want to learn economics Kyle is not the place.
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  10.  @noel7777noel  , printed money comes from approval from Congress. The Federal Reserve controls the money supply though.
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  11.  @noel7777noel  , many sources. Mainly from the government spending more than they obtain. This is where the debt ceiling comes in where the federal government borrows money from itself but has to eventually pay it back which is paying back the citizens. Another source is from individuals, the Fed, foreign governments, etc. A lot are held by foreign nations. The interest rates are set in comparison to the Fed interest rates.
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  12.  @noel7777noel  , the current deficit is around -3.5% of GDP, that is in line with previous norms. https://fred.stlouisfed.org/series/FYFSGDA188S
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  13.  @jccgold  , I agree. I watch Stephen Michael Davis and the few times he post videos he does criticize Kyle very well. Kyle only has a handful of talking points that are very easy to debunk. It is actually sad that someone takes him seriously as it shows how shallow some people are.
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  14.  @henrygustav7948  https://fred.stlouisfed.org/series/FYFSGDA188S Facts don't sit well with you.
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  15. Which is why leftists use that talking point the most.
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  16. @Federick Davidson , pretty much.
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  17.  @fgsaramago  , Henry supports MMT. I asked him a while back for a peer reviewed paper on MMT which he provided none because none exists. Why? Because economists don't support MMT as it is not how the economy works.
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  18.  @voiceofdistortedreason5998  , but people buy into to. Read the comments here and listen to Kyle. They are jumping to a strong conclusion based on almost nothing. Kyle talked about how corporate taxes were cut under Trump and he said the deficit is exploding. In reality it is around -3.5% of GDP which is actually normal overall. Or how throughout history high tax rates in general never really increased tax revenue as percent of GDP. Same with low tax rates in general. There is a lot to this issue. People spend years studying economics but some listen to an 8 min. video and Kyle and claim to know the answers.
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  19.  @matts8708  "Taxing a low income person at a rate of 50% would do more to disincentive working than taxing a high earner at 50%" That is too simplified as well. Both have different financial situations as a whole.
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  20.  @ChillStreamsLive  , again, it isn't that easy. The rich guy may would have used that money you taxed to invest into the community in some way. Or save it in a bank where the bank can loan it out.
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  21. Really? There is way more to this than this. One, there are many tax brackets and tax codes. At the federal you have payroll taxes, income taxes, and corporate taxes. Next, the current deficit is not "skyrocketing". It is around 3.5% of GDP. Typically it is around 5% or less.
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  22.  @1rony230  , using situations like roads and military to justify higher taxes and more government spending is poor. There are many factors involved such as the role of government, the level of government, how much should government be involved, etc. For example, roads are mainly ran and funded locally. Military is constitutional for the federal government to manage. Also, most of history shows the private sector is much better are progressing than the public ones. For example, JC Penny was the largest catalog seller in the 90s and Amazon rose up in the 2000s as a large seller.
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  23.  @1rony230  , healthcare insurance is a problem because of government. Monopolies exist because of government making starting a business expensive and risky. Most R&D is from the private sector.
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  24.  @twoshedsjohnson8540  , far leftists will find some excuse.
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  25.  @twoshedsjohnson8540  , that's true. When you look at the top tax rate and compare those times to tax revenue as percent of GDP there really isn't a correlation.
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  26. "Trickle down economics" is not even an economic terms.
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