OMG! She is so stupid she will make your head hurt!! You have to watch this!! THIS level of stupid is what's "protesting" in the colleges!!
Protest Organizer: The 1% Can Afford to Cover Free Tuition, Loan Forgiveness
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I remember a similar idiot over 40 years ago at Berkeley stating he didn't believe he should have to work for a living.
The young woman has no idea of economics or business. She talked about the one percent hoarding their wealth. Sorry, honey, but Scrooge McDuck is a cartoon character, much like herself. The wealthy don't let their money set in vaults or bank accounts. They put their money to work as investments. Those investments may include stocks, corporate bonds, Government bonds (IS Treasuries, state and municipal bonds) and direct investment in businesses thru go fund internet, Businesses use those investments from bonds and stocks to build facilities -- industrial, office, etc, capital equipment, and hire more workers. As government taxes more an more of the possible investment funds, less wealth is produced.
Bill Gates, richest man in the world, is worth about $79 billion. Yes, that is a lot. However, compare to the $18 trillion GDP or the over $3 trillion the government spends annually, its a pittance. Look up the velocity of money to understand how an economy grows.
If she doesn't scare even the most lame brained liberal out there, we're doomed! She says her family is on every "government program going", and yep, here she is, typical gimmethat, demanding more.
Most of those lamed brained idiots believe that heavy taxation will grow the economy.
Originally Posted by direstraits:
Most of those lamed brained idiots believe that heavy taxation will grow the economy.
You know who I thought of while watching that pitiful creature that has NO idea about how the world works.
A leftie reminded me that college is free in Germany. I have an acquaintance in Germany -- a doctor. He told me about sending his son to college to be a pharmacist. University spaces are limited, so there is rationing for those spaces. Every semester paperwork must be filed to justify his son attending Germans love their bureaucracy. The doctor had to hire a lawyer to prepare and submit the papers. His lawyer costs were about as much as college costs in the US.
Guess there's no free ride in Germany either. That's what happens when you get "the rest of the story".
The article included this:
"Cavuto pointed out that in recent years the one percent has seen their taxes go up to between 40 and 50 percent. "
I would like to see some documentation on that statistic. I sincerely doubt that it is true.
