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Austerity video

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Austerity video

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Joe posted on Sat, Dec 18 2010 9:13 AM

Here is the link

 

please go ahead and blow it up.

 

I feel like most people are going to be suckers for something with a simple message but cool graphics.  And most people like to hear how the poor are being burdened to pay for the rich.  Which I guess in some sense is true, but the fix is not increasing govt services for the poor, its also stopping corporate welfare and handing out billions to the military industrial complex.

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krazy kaju replied on Sat, Dec 18 2010 9:44 AM

Or maybe, just maybe... the bottom 40% don't pay nearly as much taxes as a percentage of income as the top 60%? Or maybe saving, investment, and capital accumulation create economic growth, NOT spending and capital consumption? Or maybe government deficits raise interest rates, which in turn discourages productive private enterprise from borrowing money for investment projects? Or maybe the high taxes that businesses and the wealthy pay discourage investment and capital accumulation?

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