Posts tagged National debt
LearnLiberty
America’s wealthiest 5% already contributes nearly 3X the amount paid in taxes by the remaining 95%. Would increasing their taxes solve the national debt problem? Professor Davies argues no - at least to any reasonable degree. In order to fully close the deficit, America’s rich would have to be taxed 88%. WATCH our NEW video for his explanation as to why this still would not work, and REBLOG if you agree with his solution!
(Source: learnliberty.org)
Ever wonder why politicians never cut spending?
In our short video, Prof. Powell explains this strange phenomenon using public choice economics: http://www.learnliberty.org/content/public-choice-why-politicians-dont-cut-spending
Does government have a revenue or spending problem? The national debt keeps piling up, and many argue it’s a revenue problem. However, Prof. Antony Davies says that the data suggests otherwise.
Find out why in our new video.
(Source: LearnLiberty.Org)
Suppose that on January 1st the government received its revenue of $2.2 trillion and began spending. To spend $3.8 trillion in one year means the government spends at the rate of $434 million an hour, or more than $10 billion a day.
Does this seem sustainable? Watch our NEW video, Funding Government by the Minute.
(Source: LearnLiberty.Org)
The national debt is like having a $320,000 balance on your credit card, and continuing to purchase a brand new SUV each year. Prof. Antony Davies says in this situation most people would file for bankruptcy… Is the government any different? Find out by watching our NEW video.
(Source: LearnLiberty.Org)
