Haha, you did pull a Gringrich and was just making stuff up, but sounding like you knew what you were talking about. Funny shit man.
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.
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.
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.
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?
Everyone who is not anti-gay, anti-woman, anti-minority, and pro-gun is a liberal. I have not yet met a conservative who could explain why, if they are sooooo smart, they do not control Hollywood, education, government, the MSM, etc. They are cornered in this tiny box and yet they claim that they are so intelligent, with the sheeple and all. No one, no one single conservative, can explain why, if their ideas are so great, why they keep on getting the smack down, with the next one coming this November
Brass just ignore maxi, he's at the top of the stupid list. A young Cliff Clavin in the making but without the friends.
You still have yet to point out anything i have ever gotten wrong about Keynesian economics, please feel free too any time. Keynesian economics seems to be like a religion to you guys, who are more than willing to follow it right off the cliff. And once we do end up going bankrupt due to keynesian economics, your excuse will probably be that the reason we went bankrupt was because the government didnt spend enough, and we simply didnt stimulate the economy enough.
Only 15% of high income earners are in "Wall Street". If this is a subsidy, it go to Doctors, union bosses, public employees... Medicare was passed by Congress as a tax. Social Security was passed as a trust. Same issue with Obamacare. It was not passed as a tax it was passed as a mandate, similar to Social Security but unlike medicare. Had Obama tried to pass healthcare as a tax he would have had to get the 60 votes. This is why it is before the Supreme Court. If Obama wants to call it a tax and get Congress to pass it then the case gets dropped from the Supreme Court. One interesting side note. Just like McCain-Fiengold ,a terrible law, opened the door to Citizens United. There is a remote chance that Obamacare could open the door in the Supreme Court to throw out Social Security as an illegal mandate.