Quote from bigarrow:
To go along with a lot of common sense.
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Come on, Max. Don't pretend you know more about economics than Reich does. You have yet to demonstrate even a nodding acquaintance with, let alone a working knowledge of, Keynesian economics, which you habitually disparage by resorting to your convenient strawman version for purposes of expediency. So if Reich is indeed wearing floppy clown shoes as you say, then you're the one who shines them.Quote from Max E. Pad:
LOL, the only thing that would make this video even more of a joke would have been if Robert Reich shot the video with a big red nose and some floppy shoes on, which would have made sense because Robert Reich is a clown. It figures that all he has to do is draw a couple pictures like Mr. Dressup, and lie about the need to expand the government, and liberals are impressed.

Quote from Brass:
Oh, and this:
Liberals, the vast majority of independent (non-partisan) economists and financial historians, and so on. Are you familiar with the false equivalency argument?

It's an insurance fund funded by its own dedicated tax. What Reich is proposing would just put it on an equal footing with Medicare, which is already funded by a tax on a person's entire income.
That's number one.
Number two, the cutoff gives companies that hire lots of highly paid workers (Goldman Sachs for instance) a lower cost per employee than Wal-Mart, who hires only a tiny percentage of such people. It's an implicit subsidy of Wall Street. This is something that for some reason never gets mentioned.
Quote from Brass:
Come on, Max. Don't pretend you know more about economics than Reich does. You have yet to demonstrate even a nodding acquaintance with, let alone a working knowledge of, Keynesian economics, which you habitually disparage by resorting to your convenient strawman version for purposes of expediency. So if Reich is indeed wearing floppy clown shoes as you say, then you're the one who shines them.![]()
Only 15% of high income earners are in "Wall Street".Quote from trefoil:
It's an insurance fund funded by its own dedicated tax. What Reich is proposing would just put it on an equal footing with Medicare, which is already funded by a tax on a person's entire income.
That's number one.
Number two, the cutoff gives companies that hire lots of highly paid workers (Goldman Sachs for instance) a lower cost per employee than Wal-Mart, who hires only a tiny percentage of such people. It's an implicit subsidy of Wall Street. This is something that for some reason never gets mentioned.