In a fitting topic for the income tax filing deadline, Tucker Carlson roasted a California politics professor on Tucker Carlson Tonight last evening for claiming wealthy Americans are not paying their “fair share” in income taxes.
Caroline Heldman, an assistant professor of politics at Occidental College in Los Angeles, argued for radically hiking taxes on taxpayers in the top one percent of income, those earning $470,000 and higher.
She based her argument in part on the fact that wealthy individuals paid as much as 90 percent in taxes during the presidencies of Dwight Eisenhower and John Kennedy.
Find out how Carlson countered her argument and revealed her for the socialist ideologue she is on the next page.
I said that because a lot of people do not know we have nothing backing our money.
But I think we are misunderstanding each other. Personal wealth and our country’s money on/off the gold standard are two completely different and unrelated subjects.
Tucker says leaves them irritably baffled!!
She made a good foil. Carlson was like a car with a wounded mouse, having way too much fun at his job. He should be taxed higher. Haha
So you were trying to educate the masses, right ? Inasmuch as you are educating all of us, please explain why we need gold in support of our currency. Then explain in light of market forces, and the global price of gold, how that might limit the amount of cash in our economy. Would the amount of cash in the economy have an impact on gdp?
If you took economics in 1976 and don’t understand why we need SOMETHING to back up our money then you missed a few classes.
One reason might be that gold holds its value over long stretches of time – think millennia, rather than decades.
If our money is not backed by anything, a major world crises could cause the value or our money to drop like a rock. If it is backed by gold that could prevent that because of the above.
Also if the fed keeps printing money that also devalues it. Look what happened to the yen and the mark during WWII
Question for you, what are the gold reserves of the us today? At market prices, figure our the amount of cash that equates to, then figure out how much cash we currently have floating around. What’s the difference? Currencies rise and fall according to market conditions, not the amount if gold standing behind it. In the case of a major crises all currencies would suffer. As I said before, there are other measures of wealth that might just stand behind our currency.
She’s typical. “Tax everyone but me”
Thank you Shirley !
Now it’s your turn to do research. Check the history of the federal reserve, key in on 1923. Right now you have nothing to offer. No basis in economics, history or finance. Just go back to the gold standard right? I’m sure you won’t research anything so this discussion is over.