Skip to comments.Did anybody see Ben Stein with Laura Ingraham on O'Reilly tonight? (Vanity)
Posted on 06/29/2011 9:04:14 PM PDT by conservativebuckeye
Ben Stein was on with Laura Ingraham, who was filling in for BOR. He was on there advocating massive tax increases on the wealthy. He claimed that the greatest economic growth in our nation's history occurred when taxes on the wealthy were highest. I always thought he was a smart guy, but I guess I was wrong. Did he sleep through the 80s?
Yep. Stein really made an ass of himself.
he confuses correlation with the cause
I saw it and was disgusted by how he’s become a Menshevik/Bolshevik. I used to like him.
I didn’t watch him because I heard he was advocating more taxes and I’m disgusted enough today.....and every day.
He sold out long ago. I’m sure he knows the truth, but he wins points with Hollywood pals if he tells the lies on TV.
Also, he fails to mention that Federal spending as a percentage of GDP was lower than it is today.
What’s strange, is he recently wrote an article stating that an increase on his taxes would be a punishment.
I didn’t see it but one thing everyone needs to think about is that is have the tax laws become where the wealthiest don’t pay any taxes? My guess is that is what he was trying to say.
How do you tax extra high the job makers and get more money or job in the economy?
He’s become a real “limousine liberal”.
Well for him I'll make an exception on higher taxes because he deserves some punishment for the bs arguments he was using tonight.
There are still a lot of Ben Stein fans around FR...
They seem to forget that he was all-in for Al Franken...
I’ve seen this idiot Stein on “The CBS Sunday Morning” show a number of times the last several years.
Stein’s conversion to moon-battery happened some time ago.
He once said, “Raise taxes on the rich.....the government needs the money.” Yeah, right. The guy is a friggin’ nut.
Ben sounded like he sold out or perhaps The Messiah has one of his kids in a tight spot. I used to like the guy.
See the video here.
The truly “Wealthy” don’t pay taxes in the sense people refer too, and never have. Just like corporations, they simply pass on the cost of doing business to someone else, or incorporate, or set up a trust.They are those with the means to not only avert taxation, but are, in fact, those who write the tax laws.
The (rapidly eroding) middle class really pays all of the taxes (production class if you will). I suppose some could say that the “rich” pay taxes, but that depends on where you end middle class, and upperclass, and wealthy.
Claiming that one can “tax the wealthy” is like chasing the pot of gold at the end of the rainbow. The truly wealthy are those who are doing the taxing. Just like the original concept of an income tax was meant to be upon the wealthy, the elite wrote not only the tax code, and the loopholes to allow themselves to incorporate (in order not be subject to the taxes), they convinced people to support the taxes that winded up only harming themselves.
By far and large, the sword of justice is foisted upon those who are trying to impose their own “justice” on someone else. Hence the lower class remains in the sullied state, because they are too busy trying to impose regulations on the elite, that they only end up hurting themselves, and the middle class suffers the collateral damage.
“I didnt see it but one thing everyone needs to think about is that is have the tax laws become where the wealthiest dont pay any taxes? My guess is that is what he was trying to say.”
Oh really. So, TwoSwords, who do YOU think pays the majority of the taxes in the U.S.? Minorities and single mothers?
“Whats strange, is he recently wrote an article stating that an increase on his taxes would be a punishment.”
I have to look up the segment, but when liberals use the term “wealthy” they mean “elites” not upper middle class, so he probably doesn’t correlate that his statement could include himself.
He could write a check to BHO if he is so sure taxes should be raised. If he gave 95% of his money (gross) I’m sure he could stand up and lead the rest of the “rich”.
TwoSwords is correct, the elites don’t pay much in the way of taxes. It’s the middle class who bears the tax burden, and the Chinese. The chinese (and other countries to a lesser extent) have been subsidizing the artificial U.S. Government way of life for years. Let’s not forget we’re running TRILLIONS in defecits, and that it’s being paid for by foreigners.
Sure Ben, lets just drive the last remaining hope for our recovery, people who still have some wealth right out of the country.
” Just like corporations, they simply pass on the cost of doing business ..”
And does that account for many Europeans having relocated to Monte Carlo to avoid confiscatory taxation in their own countries? Or is all that just semantics also? How about all the tax havens in the Caribbean - window dressing?
The extreme rich put their money into trusts. The tax laws are very different. Reminds me of the 80’s. Maybe you weren’t there.
“He claimed that the greatest economic growth in our nation’s history occurred when taxes on the wealthy were highest”
Taxes that no one actually paid because of all the deductions that were available at the time. Very few people back then actually qualified for those high tax brackets.
Taxation is a global problem. There are too many people everywhere who think someone owes them something, whether it be the peasants chanting for bread and circuses, or the elites, wanting monuments and mausoleums built to them for their tax sheltered “benevolence.”
Less government on every level would result in a better state for everyone.
Stein wants a flat tax really, and was playing devils advocate to Laura so she could kick the ideas out the park...he is doing his job and Laura better do hers, just as we better do ours and vote a true conservative fiscal candidate into office...
He was channeling his daddy, Nixon’s economic advisor. How did that turn out?
His hypocrisy is that he’ll advocate it and use himself, rich, as an argument. But he’ll then write on his “diary” at American Spectator how he’s so hurting and how much everything costs, etc.
All while owning about 3-4 homes, staying in 4 star hotels, etc.
He’s one of those 50/50 guys.
Exactly! A logical fallacy known as "Post hoc, ergo propter hoc."
“You miss the whole point by misunderstanding our tax system is on earned income by wage earners...”
OK Turborules, you’re the genius. Give me the answer to my question, why have so many high earners sought ways to avoid confiscatory taxes, whether the Caribbean or Monte Carlo or wherever? You must be a liberal.
This is true. But it is not true that it happened when "tax rates" were the highest.
Thank you very much! I saw a 2 min clip, but I knew there was something missing from it. Thanks again. I’ll watch it in a few minutes.
I have to say though, that from the small clip I did hear, ala “We had growth in the 40’s. 50’s and 60’s” mentions nothing of the fact that at that time, nothing was similar to today. The U.S. was on a gold standard, much of the industrialized world’s manufacturing base has been bombed into oblivion, and we weren’t facing the regulation stranglehold on productivity we are now.
The clip I heard said only that high taxes weren’t correlated with stunted economic growth, but there appears to be a lot more to the conversation than that one segment. Thank you again for the link!
It also ignores a plethora of other factors that constitute a greater economic picture.
Also in the 40s 50s & 60s you didn’t have a lot of 2-income families. As more and more women have entered the workplace, there are more workers paying taxes but wages are probably lower too. Laura correctly points out that we have a spending problem, mainly due to entitlements. If they were raising taxes to pay down the debt that would be one thing, but they just want more money for more handouts.
. . . . Stein graduated from Montgomery Blair High School in 1961 along with classmate journalist Carl Bernstein; actress Goldie Hawn (class of 1963) was two years behind. Actor Sylvester Stallone was a schoolmate at Montgomery Hills Junior High School. . . .
I think Ben has had a brain fart.
Ben Stein is usually pretty sane. This was a major brain fart.
Just think of Herb Stein and price controls during the Nixon Presidency. The Father wrote the policy and the Son wrote the words. LOL
He’s been advocating higher taxes for years.
I think everybody forgets sometimes that there are 40% of Americans who PAY NO TAXES WHATSOEVER!...39% of those get three times their money back by filing earned income. And that the upper tax brackets already pays 49% of ALL the taxes paid in this country.
And lest you forget, there’s not a dime of taxes paid in this country that the wealthy didn’t have to risk their money to earn first and share that wealth with their employees for an honest day’s work. Remind yourself that the money you pay your taxes with was first EARNED by the wealthy’s innovation and without them you don’t have a pot to pixx in. Unless of course you’ve created your own company and your own product to sell, which gives you all the protections that the wealthy have in those tax loopholes.
Government employees don’t even have a frarking dime that somebody else didn’t earn first.
I happen to love the wealthy. The wealthier they are, there’s more opportunity for me to make a good comfortable living doing an honest days work, and earn with them. And I refuse to play the hate games that liberals play while pretending they don’t know where the HELL their own money comes from. Especially the leeches in Washington, DC and government jobs.
If wealthy liberals in Hollyweird want to rant because other capitalists just like them make the majority of their money off the middle class, we can certainly fix their tax bracket by not buying the bang, bang, shoot ‘em up and porn flicks and raunchy music. Otherwise, if they think they’re not taxed enough, they are certainly able to write an extra check to the government and send it in at anytime they want to.
I hated tax accounting, but you can't make big money that way, because you disrupt so many money carts...
I do have many reasons to state this truth as the biggest problem with American tax system... believe me the little guy still is earning less than a Million... I did not mean to offend you, only our crude tax system that makes it so easy to not see why it is so one sided
the rich I could care less about...but if Stein says to tax them more, than I think the opposite should be done...
No, he has said many times that he himself should pay much higher taxes
Ok, now I finally finished the clip you sent me, and I have to say I disagree with most of what Ben Steain said. That having been said, I have to say that he is correct that a low tax rate does not necessarilly mean there will be economic growth, but I have to qualify that.
I’ll use the term “Economic freedom.” Economic freedom (which includes less or no taxation), is what allows for an economic growth. A person, or society, must be industrious and have incentive to be industrious to be prosperous. So, if there is more taxation, there is less economic freedom because people cannot keep their money, and thus, an economic downturn. However, you can lower the tax rate to zero and still have no economic growth. This could be due to regulation or a number of other factors (resources, etc.). Increased regulation and control (permits, EPA nazi policies, denied leases, zoning, on and on) also stifle economic freedom. So, while I agree that a low tax rate is beneficial to economic growth, it is not the only factor.
Hence, with less regulation, or a sky high demand (as I mentioned in the mid 1900’s, we had the manufacturing base to cater to the world, and the demand to buy our goods—now neither is in our favor), we could still have growth amid high taxation. However, we have ZERO favorable conditions going for us at this time, so I agree that lowering the tax rate would not necessarily paint a better economic picture (frankly, the U.S. economy as it is is toast, because it’s only based on foreign subsidization of our gov.).
We have a whole mess of problems, and I can guarantee that a higher tax rate will solve none of them. What the U.S. needs is economic freedom, and that includes a lot less taxes. In other times, we may have been able to live with them, with other factors offsetting them, but right now we can’t afford ANYTHING stiffling what’s left of the sinking economy.
The top 1% of income earners paid $400B in Federal Income Tax in 2008, out of $2.5T income. And that doesn’t even count the portion of the $300B in corporate taxes that could be attributed to them as shareholders in corporations. You consider that “not much” in taxes. 1% of the people paying 40% of the income tax is somehow “not much” ? This 1% earns only 20% of all income, but pays 40% of the income tax, while 50% of the people pay NOTHING. You need to go to IRS.gov and look at the tax stats before you spout such nonsense as “the elites dont pay much in the way of taxes”.
“Government employees dont even have a frarking dime that somebody else didnt earn first.”
Bingo, and at all levels, Federal, state and local. I read (but am unable to find the link), that between all federal, state and local governmental employees and those paid by government contracts, 7 of 12 in the workforce are considered “Government” employees. I dunno if it is true, but based on just a few numbers, I think it likely. When you factor in the millions of Teachers, Military, and Police/Fire, they add up into the millions, for just 3 groups (Workforce is over 100 Million). Let alone city works, administrators, lawyers, and on and on.
If true (debatable, but I believe it), then each producer is paying for himself/herself and another person and a half. I cannot fathom the prosperity our country would have if everyone was producing and not mooching. It would be hardly the world we live in at all.
$400B/2.5T= 16%. Also, it’s paid after all expenditures, unlike those who are paying it on their income, and not through corporation tax sheltering.
I’m not unfamiliar with statistics. And the 50% who pay no federal income tax are paying oodles through opportunity cost. End all entitlements, and create only a consumption based tax, with NO allowances/deductions or credits, and eliminate all government spending, and you’ll create freedom. Until then, the elites (ala George Soros) merely manipulate the ignorant into thinking the politicians are cause of the problems.
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