TED Talk Tax-Raising Video circulating social media

[Havax]

Watch the whole video then give me your best criticisms:


http://www.youtube.com/watch?v=bBx2Y5HhplI&feature=youtu.be

[IDefendThePlatform]

My phone isn't showing me the video. Got a link?

[Havax]

updated

[VoluntaryAmerican]

There is very little truth to what he is saying.


Yes, consumers need to buy a product for the businessman to retain his employees, or the business goes bankrupt.

But the businessman, analyzed the market, determined their was a need for his service/product, decided his investment was sound, hired the employees to run his business.

To somehow claim collective ownership over "Job hiring" sounds like Socialist reasoning for more theft, it is not only factually untrue, but also immoral.

I reject it.

[Proph]

EVERYONE needs tax cuts. I don't understand all the focus on just the rich.

He brings up good points, but it sounds like he's come to the conclusion that more government investments are the way to go. He doesn't address capital cronyism at all, and is somewhat arguing for it.

"Eco-systemic feedback loop between customers and businesses"...just say free market, ffs. He only sees part of the picture right now, but hopefully he won't stop learning (mises.org!).

Cut government spending and we can cut taxes, FOR EVERYONE. He assumes the government already operates efficiently, and that we need to generate millions more in revenue (via taxes) to cover the deficits. Realistically, government bureaucracy is quite inefficient; and many of its programs need to be trimmed, if not completely severed (let's start with the TSA).

Regulations are the real job killers, but not once did he mention that. It's hard to start up a new business to meet a demand when you have to comply with dozens of regulations, or spend thousands of dollars on the consequences (assuming you didn't have to spend thousands in the first place to comply!).

[QuickZ06]

What he wants is what we have right now, just a lot more bad investments. And like Proph said, everyone needs tax cuts. I really got a good laugh out of his chart on unemployment and tax. He should have included, also because of that increase in unemployment over the years I should add, we had more regulation, more bad investments (think green), more laws more more more more more.