I've been listening to some interviews with a Marxist economist, Richard Wolff.
In an interview titled the Final Caste Against Donald Trump I just heard him say that taxing the rich stimulateds the economy but leaves the government without the revenuwe to pay its obligations. This seems to me to be a simple logical error because the fact is that when the rich are taxed less it not only stimulates the economyu it grows the tax revenue, because there are more workers paying taxes and more workers earning more money so mpaying highter taxes. It's fa fact that the tax revenue is hight. In the reagan era when he cut taxes on the ricdh the tax revenue collected by the IRS was double what it had been before. Shouldn't Wolff be aware of this? Why isn't he?
He goes from there to how we are in debt to China, which I've also heard we are, to a frightening degree. Seems we agree on that, or he agrees with the conservatives on that, but he has the wrong idea bout why, perhaps because he's a leftist who never faces the fact that it's the left that is always spending so much money it's the cause of the debt in the first place.
Not thta the republicans don't obverspend as well, but at least they make some effort to pay it down, which is trump's plan again when he gets into office. this second time.
I suppose I'm sounding a lot more sure of myself rthan I have any right to. I'm just repeating what I've een hearing from my own conservative sources. I'm aware I know very little about all of this. But I'm pretty sure I'm able to jusdge that this Marxist is living in some kind of seconomic lalaland as far as understanding the actual facts goes. He talks in sweeping generalitgies and it's hard to know what exactly he's tlalkingabout. I'll keep listening for a while though.
Years ago I made some effort to read Marxsx and amarxist wrigints. I ended up with the impression that they never come down to earth, that it's all heady theorizing way above the level of actual nitty gritty reality.
And this guy Wolff sounds the same.
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Friday: This link doesn't belong here but it's not worth s separate post. I still want to comeb back to this and say more about this economist, this Marxist Professor Wolff, and this link goes to a brief video about a leftist named Destiny who seems to hate us conservatives so much he hasn't the slightest sympathy for those who get killed such as the man at the raplly where trump was almost killed. And he orestty much wishes us all dead, certainly censored so that not a word we ever eutter gets heard by anyonhe outside our own tight circles. Such hatred the Left has for us. This guy Wolff doesn't express that degree of hatred but since he manages to misreqpresent all kinds of things conservaiv in the economic realm I think it's fair to say he doesn't like us much either, he thinks we are stupid, because what he says we say is pretty stupid, although it isn't what we say. Anyway I dstill hope to come back to him. Meanwhile here's the link tgo the brief video o
www.youtube.com/watch?v=t2YqeGHwd_k
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ttps://www.bing.com/videos/riverview/relatedvideo?q=richard+wolff+case+ag
