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Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Tuesday, October 04, 2016

Debating Hillary: 1. The Economy

Wow, Hillary: so many falsehoods and so little time. . .

Bill Whittle Firewall Video: Today TruthRevolt unleashes Part 1 of a six part -- that's right, six-part -- series from Firewall host Bill Whittle in response to the issues left untouched in the first presidential debate. Part 1 focuses on countering Hillary Clinton's ECONOMIC proposals.

Transcript: Well, the first Trump-Clinton debate is behind us, and the thing that struck me so much about this first debate was not so much what Donald Trump said to Hillary Clinton, but rather what he did not say.

So let me give the Conservative response to many of the points that Madam Clinton made and went unanswered.

CLINTON: We also have to make the economy fairer. That starts with raising the national minimum wage and also guarantee, finally, equal pay for women's work. I also want to see more companies do profit-sharing. If you help create the profits, you should be able to share in them, not just the executives at the top.

How are we going to do it? We're going to do it by having the wealthy pay their fair share and close the corporate loopholes.

Wow, Hillary: so many falsehoods and so little time…

Let’s start with the $15 minimum wage.

Some cities, like Seattle, have instituted $15/hr minimum wage laws. It turns out that small business owners – the kind of people that pay minimum wage – did not reluctantly lurk to their underground money cavern and drag up more sacks of gold stolen from the workers. The minimum wage was never INTENDED to be a “living wage:” it is and should be for entry-level jobs for people who want to START their work resume in a minimum-wage job – not END it there.

As far as unequal pay for women – the 80 cents on the dollar argument -- well that is a gigantic lie and you know it. It is true that if you average all the male salaries, and all the female salaries, men do make more then women, and the reason they make more than women is because they put in longer hours at higher-paying and often vastly more dangerous jobs. The idea that someone at Wal-Mart could say to a woman applicant that the job pays $35,000 a year – for men -- but only $27,000 for you sweet cheeks is absurd and you know it. It’s also illegal, and has been for decades, but needless to say, knowledge of and obedience to the law doesn’t seem to be one of your primary virtues.

Now your idea of profit sharing of Corporate earnings is just TERRIFIC, and I fully support it. As a matter of fact, right in the middle of your hometown of New York, there is a place where workers can RIGHT THIS SECOND own pieces of a company’s profits (or losses). It’s called the New York Stock Exchange. They’ve been practicing this radical, progressive idea since May 17, 1792 – that’s 224 years ago – so you might want to update your files. I’ll shoot you an email about it. Just keep it under your hat, will you?

And finally, the central issue of your party’s shameful class warfare rhetoric can be demolished with a few simple, actual facts.

The top 1% in terms of income pays 45% of all tax revenues. The top 1% pays almost HALF, and the bottom 35% of Americans pay NO TAX AT ALL.

So you are absolutely right: the rich do NOT pay their fair share. They pay far, far more than their fair share, and if we taxed them less then that money would go to invest in REAL businesses and create REAL jobs, instead of going to politicians who gin up envy and resentment in order to achieve the power and the money that they are too stupid, or too lazy, to go and get on their own.

Tags: Firewall, video, Bill Whittle, Debating Hillary. The Economy To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 5:01 PM - Post Link


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