Thread: Ben Stein: More Taxes Needed to Pay Down Bankster Debt

Ben Stein: More Taxes Needed to Pay Down Bankster Debt

Kurt Nimmo
Infowars.com
October 18, 2012

The “economist” Ben Stein wants to pull a François Hollande and drive the producers out of America the same way the socialists are driving them out of France.

Video at the page Link http://www.infowars.com/ben-stein-mo...bankster-debt/

Stein says the government has to raise taxes in order to pay off the national debt we are told we owe or we will suffer the fate of Greece or Argentina in the late 1990s. Ben says the government should start with “very, very rich people,” who he describes as people earning a couple million bucks a year, and work their way down.

The problem with America, the former speechwriter and lawyer for Nixon and Ford told Fox & Friends, is that it has a “too low taxes problem.”

Ben’s analysis has failed consistently in the past. In 2007 he said the economy was not in a recession and the subprime mortgage crisis would “blow over and the people who buy now, in due time, will be glad they did.”

He also dismissed fears of a credit crisis prior to Lehman Brothers going bankrupt, the Fannie Mae and Freddie Mac take over by the federal government, the AIG bail out by the Federal Reserve, and the rest of the destructive pile up following the global economic crisis beginning in September, 2008.

“Ben Stein is an Idiot,” Henry Blodget declared after the actor who plays an economist blamed “a few self-interested windbags” for the economic crisis.

Now the idiot Stein thinks you should pay more to the government.

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It has already been proven that if 100 per cent of the all of wealth of the millionaires in this country was confiscated it would not run the country for a year, let alone pay off the debt. The debt can only be managed via economic growth, and that requires investment, innovation, and expansion. Trillions of dollars set on the sidelines now awaiting the opportunity.

Taxes can no more rid us of debt than would taking all of the seed corn in the world eliminate famine. Will not work. You must plant the seed corn, harvest it, save more seed corn and use the surplus from the growth to feed the population. And then repeat year after year. Money, taxes, investment, economics work pretty much the same way, and history proves it.