Monday, October 24, 2011
9-9-100? Prof Pushes 100% Consumption Tax on Rich.....yup, that'll work....???!
And why exactly would the "rich" continue to produce, to work...to create if all their efforts are to benefit those who don't....? Atlas Shrugged again...and again....and again.....
Frank's notion is that the very high rates would discourage the rich from building "mansions" [a term he used multiple times during his appearance]. And the taxes thus collected could go for things he thinks we need. For example, Frank incredibly claimed that in the US, "we don't spend on education," ignoring that we spend more per pupil than any country in the world other than Switzerland. Video after the jump.
Frank's notion is that the very high rates would discourage the rich from building "mansions" [a term he used multiple times during his appearance]. And the taxes thus collected could go for things he thinks we need. For example, Frank incredibly claimed that in the US, "we don't spend on education," ignoring that we spend more per pupil than any country in the world other than Switzerland. Video after the jump.
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