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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBen Stein Stuns Fox & Friends: ‘All Due Respect To Fox’ But ‘Taxes Are Too Low'
http://www.mediaite.com/tv/ben-stein-stuns-fox-friends-all-due-respect-to-fox-but-taxes-are-too-low/Author and economist Ben Stein joined Fox & Friends on Thursday where he stunned the hosts after he called for raising the tax rates on people making more than $2 million per year. He said that he did not think that the United States simply had a spending problem, and cited the early post-war period as an example of a time when you could have high tax rates and high growth.
I hate to say this on Fox I hope Ill be allowed to leave here alive but I dont think there is any way we can cut spending enough to make a meaningful difference, said Stein. Were going to have to raise taxes on very, very rich people. People with incomes of, say, $2, $3, $4 million a year and up. And then slowly, slowly, slowly move it down. $250,000 a year, thats not a rich person.
Stein said that the government has a spending problem, but they also have a too low taxes problem.
With all due respect to Fox, who I love like brothers and sisters, taxes are too low, said Stein.
That sounds like Bowels-Simpson, said Gretchen Carlson.
It is Bowels-Simpson, Stein replied.
The evidence is that there is no clear connection between the level of taxation and the level of economic activity, said Stein. The biggest growth and prosperity weve ever had in this country was from roughly 1941 to 1973. That was the best years weve ever had and those were years of much higher taxes than we have now.
Taxes were at 70, 80 percent then, said Steve Doocy.
And yet, we were very prosperous, Stein replied. The highest rate was in the 90s during parts of the 50s, and yet we were very prosperous.
link: http://www.mediaite.com/tv/ben-stein-stuns-fox-friends-all-due-respect-to-fox-but-taxes-are-too-low/
Berlum
(7,044 posts)Republican brains 'splode all over the steenkin place. For Repubbies, truth is like a Silver Spike to a Vampire Heart.
calimary
(81,267 posts)That's the only way to explain why they take the positions they do. What they "think" is completely nonsensical. That's why their policies don't make any sense.
get the red out
(13,466 posts)You aren't supposed to go on there and tell anything approaching the truth.
Barack_America
(28,876 posts)Has he been sighted since?
trailmonkee
(2,681 posts)when they came back from commercial, he was gone
Sheepshank
(12,504 posts)C_eh_N_eh_D_eh
(2,204 posts)LovePeacock
(225 posts)I hope people know that no other civilized, industrialized nation debates about taxes. It's a fucking reality. Get over it, people.
calimary
(81,267 posts)Glad you're here - but we have a LOT of work to do to make SURE our President wins next month. We need you.
Now get to work.
chuckrocks
(290 posts)porphyrian
(18,530 posts)jimlup
(7,968 posts)porphyrian
(18,530 posts)ProudToBeBlueInRhody
(16,399 posts)I bet they apologized for his remarks.
bullwinkle428
(20,629 posts)Oh, and message to Gretchen Carlson : it's NOT Bowles-Simpson! B-S (how fitting) actually cuts taxes on the highest income brackets even further. Why do you think Paul Ryan had such a boner over the revised tax structure?
mnhtnbb
(31,389 posts)JHB
(37,160 posts)It's not actually Marxism, but it gets called that on Fox. But then, you know that, because you were in the name-calling club.
BootinUp
(47,152 posts)its gotta be rough on those brainwashed idiots to hear the truth just shoved in their faces.
reformist2
(9,841 posts)Think of Mitt Romney's money - it's just invested in stocks and bonds, and so most of it is never taxed! Now think of thousands of Mitt Romneys, just sitting on top of piles of money, all exempt from taxation because we only tax income and not wealth!
This has to change.
closeupready
(29,503 posts)nt
Blanks
(4,835 posts)When they talk about small governments not being able to balance their budgets; they should look more closely at property taxes.
If real estate isn't bringing in enough revenue they can always raise property taxes on vehicles etc.
There are other ways to make sure that the money circulates in the economy. For example increase loopholes, while increasing sales tax on certain items.
closeupready
(29,503 posts)That's another one we need to consider raising.
Blanks
(4,835 posts)It seems that if someone sets up their estate properly they can avoid paying a lot of inheritance tax.
It's when someone decides that they're gonna hoard their belongings until the very end that their estate is taxed. When you have the wealthy (like Bill Gates) supporting inheritance tax; it should be considered.
Spike89
(1,569 posts)We could, and should tax capital gains higher, with exceptions for specific areas we want to help with investment (green energy, US-based factories, etc.). However, it isn't true that money invested in stocks and bonds is "just sitting around doing nothing". Bonds finance public works (primarily), so when your town needs a new school, it puts out a bond measure. Stocks (ideally, but not always effectively) perform much the same function for private enterprise, so when your town's factory needs to expand, it uses money from the sale of stocks.
Of course the capital investment market (both stocks and bonds) has been made into a massive, and massively complex machine with an entire caste-like level of managers, brokers, analysts, etc. But the basic premise remains and is still the foundation of capitalism--money works to create more money.
reformist2
(9,841 posts)Zalatix
(8,994 posts)kooljerk666
(776 posts)in similar condition here.
VG-LOL'd thx
OLDMDDEM
(1,575 posts)I wonder when something like this would come to a relaity. In another post, I said that taxes should go back to the Clinton tax rates. When, not if, but when raising taxes works in paying back all that we owe, I wonder when the Faux kids will take credit as it being their idea.
calimary
(81,267 posts)Glad to have you with us. Interesting that the truth just can't help coming out - even on Pox Noise. They must be bleeding at the ears. We need you.
Now get to work.
barbtries
(28,795 posts)i thought he was a total right winger.
Schema Thing
(10,283 posts)there isn't much excuse to be "stunned" by it.
trailmonkee
(2,681 posts)BeyondGeography
(39,374 posts)What a country....
I do give Ben credit for being sensible.
BlueStreak
(8,377 posts)BlueStreak
(8,377 posts)JHB
(37,160 posts)Especially the bathtubs. Grover has a thing about those.
cbdo2007
(9,213 posts)nadinbrzezinski
(154,021 posts)Over the last ten years.
lonestarnot
(77,097 posts)WinkyDink
(51,311 posts)mountain grammy
(26,621 posts)Not mine! Is Ben alive? Was he ever?
pinboy3niner
(53,339 posts)Last edited Thu Oct 18, 2012, 11:41 AM - Edit history (1)
Perfect!
Sheepshank
(12,504 posts)fleur-de-lisa
(14,624 posts)Gold Metal Flake
(13,805 posts)Sad state our nation is in.
calimary
(81,267 posts)tk2kewl
(18,133 posts)TwilightGardener
(46,416 posts)Care Acutely
(1,370 posts)I do not think Stein will be allowed to speak on Fox for at least 18 days.
Motown_Johnny
(22,308 posts)That is right in the middle of the ~40 years when Democrats held The House of Representatives and Republicans were reduced to minority status.
You know, The House of Representatives. The place where all Bills concerning the budget must originate.
How about that? Progressive fiscal policies providing "The biggest growth and prosperity weve ever had in this country".
Did they get around to giving credit where credit was due?
Z_California
(650 posts)Make no mistake. That WILL be the last time Ben Stein appears on Fox News.
calimary
(81,267 posts)Glad to have you here! We've still got a lot of work to do and very little time to make sure this is a done deal - OUR way. So we need you!
Now get to work.
mnmoderatedem
(3,728 posts)there can be no other explanation...
AlbertCat
(17,505 posts)Well, a broken clock is right at least twice a day.
JaneyVee
(19,877 posts)SpankMe
(2,957 posts)We need to calmly, respectfully spread this story around as much as we can.
DavidDvorkin
(19,479 posts)There is no respect due to Fox.
If I'm remembering correctly, the first time I heard that phrase was during the Carter-Reagan debate, when Carter used it in reference to Reagan. Or it might have been four years earlier, with Carter using it in reference to Ford. I do remember being annoyed that he would say that.
Kalidurga
(14,177 posts)It is a polite way of saying FU. What the speaker means is I will give you the respect you are due, which is none.
DavidDvorkin
(19,479 posts)It always sounds as though it's meant quite literally.
Kalidurga
(14,177 posts)And the better people are at delivering the line the less it sounds like that. But, I have said it many a time before I light into someone and destroy their argument. If you say that before you destroy someone verbally it just sounds so much nicer and they have a hard time saying you were rude or whatever.
wtmusic
(39,166 posts)If someone feels disrespected because you disagree with them, that's their problem
Liberalagogo
(1,770 posts)that the Noise channel is just a propaganda arm of the GOP.
And yet still claim that "fair and balanced" bullshit.
FUCK False Noise!!
hay rick
(7,619 posts)Here's an Op Ed that he wrote in the form of a letter to John McCain after he won the Republican nomination: http://www.nytimes.com/2008/03/09/business/09every.html?_r=2&ref=todayspaper&oref=slogin&
From that article:
What to do? You appear to have changed your mind over time and have recently shown more support for the Bush tax cuts than in the past. If you become president, you can just keep up the (latter-day) Republican game of make-believe. You can propose still more tax cuts, create still more deficits and add to the debt, and say to yourself, like Louis XV, Après moi, le déluge.
Or, you can raise taxes. But whom to tax? The poor are, well, poor. The middle class is struggling to pay for its middle-class life. That leaves the rich. It would be lovely if we did not have to tax them. Many have worked hard for their money. Many have created useful businesses. Many of them are fine people.
But as Willie Sutton said when asked why he robbed banks, Because thats where the money is. By definition, the truly rich have a lot more money than they need. If they dont, then they are not rich by my standards. The first step toward putting our house in order, once we are past the seemingly looming recession, is much higher taxes on the truly rich and serious enforcement to prevent offshore tax evasion.
TO put it even more starkly, the government which is us needs the money to keep old people alive, to pay for their dialysis, to build fighter jets and to pay our troops and pay interest on the debt. We can get it by indenturing our children, selling ourselves into peonage to foreigners, making ourselves a colony again, generating inflation or we can have some integrity and levy taxes equal to what we spend.
Sherman A1
(38,958 posts)They need to hear this over and over and over again.
aint_no_life_nowhere
(21,925 posts)He's undermining the very foundations of modern Republicanism and St. Reagan.
Raster
(20,998 posts)mahatmakanejeeves
(57,459 posts)I hope she means Bowles-Simpson.
http://www.taxpolicycenter.org/taxtopics/Bowles_Simpson_Brief.cfm
Not Sure
(735 posts)At least he knows the material. In the movie he mentioned the Laffer Curve, which has no defined "shape" but is a theoretical curve illustrating optimal taxation rates. Apparently, his idea of the shape of the Laffer Curve differs from the rest of the non-thinking Republican Borg nation. By that I mean he understands it's a curve.
In the Republican's quest to remove all tax liability from the supply side of the economy (which includes anyone with a lot of money, you know, the "Job Creators" , they have effectively shifted the supply of money to the wealthy. If they are not taxed, no revenue can be collected. It's such a simple concept, but apparently not simple enough for the mindless Fox viewer.
judesedit
(4,438 posts)That was really commendable.
Jeff In Milwaukee
(13,992 posts)Heretic!
I'm not Ben Stein fan (honest to God, I'm not), but here we have a case of the stopped watch being right twice a day -- but this time somebody pointed it out in the most unlikely venue.
Spitfire of ATJ
(32,723 posts)Now people are looking at the spending and #1 is the Pentagon which they claim needs MORE, not less. This is mostly due to Republican districts being the home of many of the biggest contractors.
Republicans create a crisis and then use it to enact radical ideas as outlined in The Shock Doctrine.
The only answer for this is to get them out of a position of power.
xxqqqzme
(14,887 posts)are beginning to surface.
ElboRuum
(4,717 posts)First, George Will admits that Barack Obama won the debate... then Ben Stein says taxes are too low...
is going on here?!?
tomm2thumbs
(13,297 posts)Maybe FoxNews forgot he says what is on his mind and sometimes it means speaking the truth, even when FoxNews isn't able to compute that kind of data.
Zambero
(8,964 posts)Rare as hen's teeth these days in the GOP.
wtmusic
(39,166 posts)He must be getting senile.
Flatpicker
(894 posts)I don't like a lot of what he says, but, tend to believe that he does place the country before party when he talks.
Very UnRepublican of him.
LynneSin
(95,337 posts)And btw correct me if I'm wrong.
But for years I've been hearing that as some arbitary cutoff between what is rich and what is middle class.
I think that number should be revisited.
I mean if I made $250k a year where I lived (and the fact i have no kids) that's RICH! Woohoo! Sign me up for a brand new Benz convertible.
But other parts of the country AND especially if you're raising kids who may want to go to college, that's a tight budget.
We definately need to tax the rich but we need to make sure that as a discussion we define what that level is based on today's economy.
ErikJ
(6,335 posts)Whovian
(2,866 posts)Never expected that out of him. Good on Ben for saying what he thinks.
PotatoChip
(3,186 posts)based on something Ben Stein said!
Kudos to him for speaking the truth, though. Especially to the likes of Fox "News" folks!
DFW
(54,387 posts)There are still 100,000,000 of them out there who do not. Two of them are running at the top of their national ticket, and many more of them are running for Senate and the House.
wtmusic
(39,166 posts)Of course he may never get screen time again.
happyslug
(14,779 posts)That is my take on this statement. Ben Stein has said this before, we need to raise taxes, and will say it again, the issue is why was he given a forum to say it so people can actually hear him say it? The answer is simple, while the GOP do NOT want to say so during the election, I think enough of them accept the taxes have to be rasied and as Ben Stein quoted Willy Sutton, the rich have the money to pay taxes.
I do not see a GOP push for a 50% tax rate for the rich but I do see a push for an increase, for the alternative is a massive cut in Defense Spending, which for most elected GOP house and senate members is worse then taxing the rich. Thus the GOP is facing a delimma, keep taxes on the rich at the level there are at present and do a MASSIVE defense cut, OR tax the rich AND keep Defense Spenging at its present level. I see this as the first voice of those members of the GOP who perfer to tax the rich then cut defense.
progressoid
(49,990 posts)tanyev
(42,559 posts)ErikJ
(6,335 posts)Bowles-Simpson wants to drop the top rate to 28% but make the cap gains count as regular income. It will also drop some loopholes to make up for the dropping the top rate.
PuppyBismark
(594 posts)Just came back from a vacation in Canada and boy do we have it good here as far as taxes are concerned. They pay about twice the taxes we do, but they have something to show for it like good roads, low unemployment, and a health care system for everyone. Every Canadian I spoke with did not have any major problem with the health care system. They don't like the high taxes, but seem to understand that it actually works for them. What a concept!
There were people there from other countries who had the same thing to say including Europeans and Australians.
I was seated at a table where a Repub was spouting off about Obama and I ignored him until he said the thought the president was not a citizen. I spoke up then and said bull-s..t. He jumped up from his seat and threatened me for interfering with a private conversation and was really pissed. That's when I called him a racist and you could see the veins popping on his neck. He then called me a list of bad words and told me to go to hell. When I continued to not be alarmed, he finally left the room. Needless to say, my wife was not happy with me, but I just had it with this ass hole.
Skittles
(153,160 posts)but he knows how well his bread is buttered; I will give him that
Honeycombe8
(37,648 posts)He seems like a genuine article...conservative but moderate. Funny. There aren't too many Republicans who are comedians (I'm sure there's a reason for that).
Skittles
(153,160 posts)The people who have been laid off and cannot find work are generally people with poor work habits and poor personalities. I say "generally" because there are exceptions. But in general, as I survey the ranks of those who are unemployed, I see people who have overbearing and unpleasant personalities and/or who do not know how to do a day's work. They are people who create either little utility or negative utility on the job. Again, there are powerful exceptions and I know some, but when employers are looking to lay off, they lay off the least productive or the most negative.
WiffenPoof
(2,404 posts)...finally got the red out of his eyes.
-P
Pamelajaynn
(60 posts)The truth!! Haha faux snooze!!
ErikJ
(6,335 posts)deaniac21
(6,747 posts)montex
(93 posts)Ben Stein believes the earth is only 6000 years old and that evolution never happened. If a loony like him thinks taxes are too low, what does that say about the rest of the republican party?
Up2Late
(17,797 posts)Wow, I'm shocked, I would never have thought Ben Stein had balls big enough to say that at Fox "news."
PMcDee
(43 posts)Ben Stein was last seen in the Fox parking lot tied to a stake while Grover Norquist lit the fire at his feet.