Higher Taxes on Top 1% Equals Higher Productivity

[Charleston Chew]

Run time: 13:29 https://www.youtube.com/watch?v=CnrEHFwZ9hk   Posted on YouTube: January 01, 2011 By YouTube Member: TheRealNews Views on YouTube: 308   Posted on DU: January 01, 2011 By DU Member: Charleston Chew Views on DU: 1015

 
Michael Hudson: History of US shows economy grows when top tier tax rates and workers wages are high

[quark219]

1. Well worth the time to listen to.

I just finished a first listen and I may listen again to help me digest all that's said here. I thought it was particularly interesting how the guest said that our current low capital gains tax is redirecting our nation's energies to speculation, as opposed to real wealth creation. I was also stunned to learn the short length of time the average stock is held in the U.S. (approximately 20 seconds). Astounding.

[subsuelo]

3. Hudson is impressive. n/t

[grahamhgreen]

2. It's all about returning to our grandfathers 70+% tax rates on the ultra rich, the deficit

And debt a so high because we stopped doing this.

They weren't called the greatest generation for nothing.

[Quixote1818]

4. K and R