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Professor Decimates US Politicians on Taxing the Poor over Billionaires

 

I’ve featured Professor Mark Blyth a number of times here. In this wonderful clip he eloquently explains why The U.S government:

“does not have a spending problem it has a revenue problem.

Blyth magnificently debunks myths around U.S debt, government spending and the reasons for exponential growth in wealth inequality.

Why when Corporate profits have never been higher, the banks have been bailed out by the workers yet their million dollar bonuses sore is providing people with healthcare when they’re sick such a controversial, extreme idea?

One startling statistic shows just how much the rich have gotten richer.  Forbes Rich list’s richest person in the US was worth $2 billion in 1982, in 2015 the richest person in the US is worth $76 billion. While over 50% of Americans (150 million people) earn less than $30,000 a year

We have seen the largest transfer of wealth from the average citizen to the top 0.1% in human history.

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2 comments on “Professor Decimates US Politicians on Taxing the Poor over Billionaires

  1. We, in the UK, aren’t far behind the US, with all the attendant problems with social issues, crime and mental health issues that extreme inequality entails.

    Liked by 1 person

  2. Pingback: Professor Decimates US Politicians on Taxing the Poor over Billionaires — The Conversation Room – Canary in the coalmine

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