July 26, 2021

GIL

Daily Global New Media

Why Raising Taxes Destroys The Economy – Art Laffer

1 min read

39 thoughts on “Why Raising Taxes Destroys The Economy – Art Laffer

  1. “By stealing from the rich, robinhood made the poor worse off”

    Alright, I haven’t finished the video yet so maybe he corrects that. But no. That’s so incorrect. Robinhood didn’t steal from the rich to give to the poor. He took back the taxes stolen by the government and gave it back to the tax victims.

  2. 3.25 a gallon for gas also destroys the economy, it was a 1.90 the whole time Trump was in there, it took Dickhead Joe less than 6 months to screw it up. The poor are suffering the most because of it.

  3. Art Laffer and his awful policies have done more to destroy the economy than anyone or anything. Former Republican governor Sam Brownback instituted this idiot's policies and bankrupted Kansas. Reagan, Bush, and Trump used this idiots trickle down economics and Democratic presidents had to clean it up.

    Trickle down has never worked and never will and history has proven it.

  4. "OH I don't remember exactly the #s 41%,13% in 1924 John doe did xyz and wrote this paper in 1932" – 81yr old brain, my brain " memba 2+2=22¿"

  5. I disagree with this analysis. This economist only looking at select data to develop conclusions. The wealth gap was the smallest during 1950's, when 1 earner family permitted house buying, 2 cars, summer vacations, lots of disposable income. The problem is the wealthy have too many tax loop holes, and feel they should not pay taxes since they have employees, and the employees pay taxes, so I do not have too. Wealth has increased tremendously for the rich, and has remained the same or declined for everyone else. This analysis is not comprehensive enough to discuss wealth gaps, whats better for economy. Look at our old, falling apart roads, bridges, airports, powerplants, all infrastructure. Compare to other countries, including China. Not collecting enough money and not spending in right places

  6. He’s lost people have to work 2 jobs everything goes up you can’t even rent a home this man is living in the 50s he needs to get a computer so he can see how is crazy the world is . Where dealing with a bunch a billionaire that want to take over the world WAKE UP

  7. I’ve been taking about a flat tax for years. No more no exemptions, no write offs. Tax preparation companies, churches and charities would suffer because of lack of tax preparation and tax write off donations but people would benefit.

  8. Taxes is NOT the problem. Spending and deficits are. People, the left AND the right must cut spending. Right now spending is almost 3 times taxes. Can't hold.

  9. Fascinating show …thank you. But it s mind blowing that in interviews like these with individuals like Dr Laffer…the Global Reset topic just does nt come up. It's an global economic plan/strategy that has implications for all on just about every level of life. Not a single mention in a discussion between a successful business man with a vested interest in the future. And an economic intellectual. That's just unbelievable guys. Are you completely oblivious or just consciously ignoring? You don't think it's relevant ?

  10. Millennials want to replace rural reality food and fuel world with fake life, city insanity, subsidies, crypto, divorce. Everything digital, no reality, no human being, just machines. Very disturbing. Replace gold with crypto? Crypto means an allegiance to a secret political creed, especially to Communism. We are moving toward Communist China as Communist China moves toward America. This is all subsidized with fake money, credit money, debt money, IOU money. Fantasy is taking over reality. Facebook is 15x Ford?

  11. 1966 minimum wage was one ounce of silver at $1.25. In 2021 one ounce of silver is $30. Minimum wage is under $15. Labor is down 50% from 1966, explaining the wealth gap. Can't live on $15 per hour unless an immigrant sharing beds. US American dream is too expensive for education, house, car, insurance, expenses. We need a cheaper American dream. Where is free college television executives promised? A big lie. We have education segregation. College is $160,000 plus. Debt note dollars are a fraud.

  12. GIVE MONEY TO THE RICH-MINDED AND THEY WILL TAKE EXCELL-ENT CARE OF THE MONEY AND INVEST ON ASSETS, EXCELL AND MULTIPLY THE MONEY. GIVE MONEY TO THE AVERAGE-POOR-MINDED AND THEY WILL SPEND IT UP ON LIABILITIES, LUXURIES AND PLEASURES. GIVE MONEY TO THE HOMELESS AND THEY WILL WASTE IT ON ILLEGAL SUBSTANCES.

  13. BIBLE, PROVERBS 21:20: “There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.” RICH OR POOR IS NOT THE ISSUE, TAXING IS NOT THE ISSUE, IT'S THE MINDSET!!!!!! RICH MINDSETS TAKE EXCELL-ENT CARE OF THEIR MONEY AND EXCELL!!! POOR MINDSETS CAN WIN THE LOTTERY AND WASTE IT ALL SO FAST!!!

  14. Outstanding video Patrick!👍🏻Let's promote to our local politicians a flat fee tax of 12% to 13%, which will promote Capitalism, and really make America great again. Taxing Americans to death Kills incentive for business/investments, and as a result, it kills America. Cheers!

  15. It seems an inflation but in reality it’s more like a short of produced goods that’s shooting prices up. And some that’s manipulated to add to these things.

  16. how does he say there's no inflation? look at asset prices. real estate is up. materials are up. gas is up. prices are rising and real people on main street are noticing. can't trust the CPI calculation for measuring inflation

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