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It does embed that absolutely hilarious Cato Institute video.
by boucher 16y ago
It does embed that absolutely hilarious Cato Institute video.
- Quarrelsome 16y agoThat video was shockingly slanted. The guy presenting it was also very punchable-looking.
- Quarrelsome 16y agoEh, wha the video was not slanted? Did you guys watch it?!?
- boucher 16y agoI think there are just a lot of people who agree with the slant. Agree or not, though, it was obviously one sided.
- Quarrelsome 16y agoI don't mind people agreeing with the slant because it is a fair economic argument to make but to just mark me down for pointing out the slant is harsh IMO. That video was full of stuff complaining that you get taxed on EARNINGS from investments and trying to equate that to being taxed twice on the same principal sum. This is nonsense. You're being taxed for earnings and then earnings made from those earnings. That's two separate sums. The chap was trying to make out that people were being punished for saving as opposed to spending but failed to consider consumption taxes such as sales tax or VAT (in Europe). You don't get punished for saving, you place your money in the bank and it remains there, no punishment. You do get punished for earnings gained by those savings but that's to be expected because that is technically income.
- chasingsparks 16y agoCenter for Freedom and Prosperity is not Cato; it is not a Cato Institute video.
- boucher 16y agoThe person speaking in the video identifies himself as an employee of the Cato Institute, it's not hard to imagine why I made the mistake. Not to mention the fact that half of the board of directors (and some of the listed experts) of the Center for Freedom and Prosperity work for or have worked for the Cato Institute. In any case, you are correct, the video was created by the Center for Freedom and Prosperity, and I apologize for the error.