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Inequality for All Inequality for All

07-09-2015 , 01:05 AM
This documentary is a must watch to really understand how the economy and politics are related. I don't have a link to the actual documentary but I do know that it's on Netflix. Here's the trailer for the movie http://m.youtube.com/watch?v=9REdcxfie3M
07-20-2015 , 08:56 PM
0.25 He is trying to say government fed him, he is nice, he is funny, he is a professor.
0.30 he comes in with his inequality line, then shows some homeless o the street, liberal property taxes and permits helped accomplish.
0.40 he shows a bridge graph trying to show 1928 and 2008 are the peak years of inequality. He fails to mention the 19th century or even 1910, when there was no income taxes. furthermore 1928 and 2008 were bubbles in real estate that took out banks.
0.52 He shows two people making 36K and 70K working 70 hours. Yet he fails to show what is lost to sales tax, income tax, payroll tax, signage tax, corporate tax, business tax, gross receipt tax, electricity union tax, permitting tax, dividend tax, capital gains tax, inflation tax (tax lost due to deficits), tariff tax cost to pay more than $1 a watt for solar panels), property tax, school tax, and the dozens of other taxes and fees missed.
1:00 Real wages were less in 1950 than they are today maybe 50% less due to new inventions and trade.
1:05 then he shows clip of Bill O'Reilly labeling him a communist. Thus he is switching the debate to a political view you are either with him the liberal government good guys or the bad guys the workers and capitalists. Sort of insinuating Bill O'Reilly and the republicans are like the bullies of his youth.
1.20 Who is looking out for the workers, he is the democrats.
1.28 then he shows a clip what appears to be electrical power corporation, so he wants to trade higher wages for higher electricity prices. Thus how do you prevent workers from gaining long lines of employment at the plant due to the higher than free market wages? Barriers and racism. Rather than fight for deregulated power and $0.05 a kilowatt power like in Texas, he wants to create a high wage government controlled power we are forced to pay for. They pay more taxes to his schools and thus him.
1.30 we are losing equal opportunity in America, you do the same job for a lower price you get the job? He then assumes wages can be set by government and laws and it will make us all richer.

I don't buy his bile, he is just trying to enrich his property tax free and tax free endowments schools so professors can make more money. One class for $250K a year, a class he can record and give to the people. To allow the poor to go to school for free online with the best professors.

Why doesn't Reich propose recording all class in public universities and then firing 50% of the professors with online courses?

Last edited by steelhouse; 07-20-2015 at 09:04 PM.
07-25-2015 , 05:05 PM
To be fair to O'Reilly, Reich is pretty nearly communist.

      
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