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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

#1140 Smoke, mirrors and myth (Tax Cuts for the Wealthy)

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News Commentary, News

4.53.4K Ratings

🗓️ 17 October 2017

⏱️ 80 minutes

🧾️ Download transcript

Summary

Air Date: 10/17/2017

Today we look at the philosophy, tricks of the trade and long-term strategy behind the GOP's never-ending quest to grant more tax cuts to corporations and the wealthy while cutting popular programs aimed at aiding the poor

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Show Notes

Ch. 1: Opening Theme: A Fond Farewell - From a Basement On the Hill

Ch. 2: Act 1: Idiotic Economist Pushes HORRIBLE Tax Plan That Left Kansas Crippled - Majority Report (@MajorityFM) - Air Date: 09-26-17

Ch. 3: Song 1: world of ruin - Damiano Baldoni


Ch. 4: Act 2: How Republicans Created Tax Cut Myths - @DavidPakmanShow - Air Date: 10-04-17

Ch. 5: Song 2: peaceOut (ft. KungFu) - airtone


Ch. 6: Act 3: Understanding what we can about the proposed tax plan - CounterSpin (@FAIRmediawatch) - Air Date 10-6-17

Ch. 7: Song 3: Like Music (cdk Mix) (ft. Phasenwandler) - cdk


Ch. 8: Act 4: Fox News Calls Out Trump Tax Cut Lies - @theyoungturks - Air Date: 10-03-17

Ch. 9: Song 4: Headlights/Mountain Road - The Contessa


Ch. 10: Act 5: Understanding the reality of corporate taxes - @RalphNader Radio Hour - Air Date 10-7-17

Ch. 11: Song 5: Forgotten Land (ft. Gurdonark, Joanne Gabriel) - Doxent Zsigmond


Ch. 12: Act 6: How corporations rigged our tax system against us - Economic Update w/ @profwolff - Air Date 4-24-16

Ch. 13: Song 6: Celestial Navigation - Aeronaut


Ch. 14: Act 7: They plan to raise and then panic about the deficit - @offkiltershow - Air Date 10-6-17


Voicemails

Ch. 15: Seeking a fundamentally just justice system - Jesse from Seattle

Ch. 16: How people get help after emergencies - FEMA employee

Ch. 17: Patreon Feedback - Alan from Connecticut

Voicemail Music: Loud Pipes - Classics


Ch. 18: Final comments on what you’ll find on the Best of the Left social network

Closing Music: Here We Are - Everyone's in Everyone

(Additional music from Blue Dot Sessions)


Activism:

Fighting tax cuts for the rich and budget cuts needs the same momentum as the healthcare fight! Dive in and fight back with these campaigns:

TrumpTaxToolkit.org (Use the Senator-specific toolkits to fight back against tax cuts for the 1%, and more)

NotOnePenny.org (Mobilize to demand not one penny in tax cuts for the rich, and more)

HandsOff.org (Share how budget cuts impact you personally, and more)

Written by BOTL Communications Director Amanda Hoffman


Produced by Jay! Tomlinson

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Transcript

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0:00.0

It's a massive funneling of wealth upward and they're not even really trying to hide it anymore

0:07.8

This program is made possible by the members and donors to the show to support the work

0:11.4

We do for as little as a buck a month or to sign up as a member and get commercial free versions of every episode

0:16.9

A plus members only bonus content find us on patreon or visit the contribute tab at bestofleft.com

0:23.4

Now welcome to the award-winning best of a left podcast with clips today from the majority report the David Pakman show

0:29.5

Counter-spin the young Turks the Ralph Nader radio hour economic update and off-kilter

0:44.5

The other day Arthur Laffer

0:48.2

Peered on Fox Business to explain the

0:52.0

Concept that he invented 40 years ago

0:56.4

Called the Laffer curve

0:59.2

Which he supposedly wrote on the back of a napkin and

1:04.0

Arthur Laffer

1:07.0

suggested that

1:13.5

If you cut taxes on

1:17.6

wealthy people

1:19.8

They will then engage in a lot more economic activity

1:24.2

Which will actually generate more tax revenue because they'll be doing so much more business

1:30.6

That the money will increase because of volume

1:35.6

He is one of the godfathers of supply side economics here he is explaining what's gonna happen if

1:43.9

The Senate cuts taxes. It's actually going to get us more tax revenue

1:50.0

Here he talks about it. I'm the what it does what the one and a half trillion does and I think it's primarily from Corcor

1:56.5

And and I credit him for this it gives some of the Republicans who really believe in these pay-force

...

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