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Econ. 101: Alan Grayson Schools P.J. O'Rourke on OWS

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October 10, 2011 – Comments (7)

Grayson is a bad ass. Owns PJ Rouke here:

The link and write is here:

http://videocafe.crooksandliars.com/scarce/econ-101-alan-grayson-schools-pj-orourke

Some of Grayson greatest here:

Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?

Mas?

 

7 Comments – Post Your Own

#1) On October 10, 2011 at 9:43 PM, BillyTG (29.39) wrote:

+1

Alan Grayson is a badass. Hadn't seen that newest clip, so thanks. Hopefully we see him back in Congress next year, but then again, the whole party might collapse by Nov 2012 ...

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#2) On October 11, 2011 at 12:49 PM, kdakota630 (29.53) wrote:

Alan Grayson makes some good points in that first clip, but I don't agree that he's schooling P. J. O'Rourke because I don't believe the goals stated by Grayson are the same as the majority of the OWS group.

To the OWS group, these are possibly the 5 best sentences you’ll ever read:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it.

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

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#3) On October 11, 2011 at 1:53 PM, JakilaTheHun (99.94) wrote:

I agree with kdakota. 

Too many people are romanticizing OWS; it's essentially a socialist movement that advocates raising taxes, without fixing America's spending problems. 

It's noteworthy that while they demonize Wall Street, their tax proposals would affect virtually everyone, including small business owners, venture capitalists, private equity, urban professionals, and even middle income earners.  In fact, hedge funds and Wall Street are, in a sense, the least impacted groups by an income tax increase.

Of course, the issue of "who pays" is sort of a red herring in a sense.  The bigger problem with higher taxes without spending cuts is that the Federal government has an absolutely dismal track record at allocating capital.  Raising income taxes doesn't result in wealth being redistributed from the wealthy to middle and lower income earners --- it simply results in wealth being redistributed from middle and upper income earners to other upper income earners who happen to be able to afford a lot of well-connected lobbyists. 

While I can understand some of the frustrations of OWS; its misguided and dumb economic policies that would actually make the problem worse.

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#4) On October 11, 2011 at 2:36 PM, kdakota630 (29.53) wrote:

What We Saw at the Occupy Wall Street Protest - ReasonTV

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#5) On October 11, 2011 at 5:28 PM, BillyTG (29.39) wrote:

#2, #3,

not sure you guys are seeing everything if you are reducing OWS to a socialist movement. Here are their proposed demands: http://occupywallst.org/forum/proposed-list-of-demands-please-help-editadd-so-th/

They are reasonable. kdakota, your list of 5 sentences makes it sound like the movement is completely some scoialist parade. From their demands, and from one of the overall themes of "get money out of politics," and "stop the corruption," it is not about socialism

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#6) On October 11, 2011 at 5:44 PM, kdakota630 (29.53) wrote:

BillyTG

Don't get me wrong, I'm not reducing OWS to a socialist movement, but it certainly appears to me that it's a majority of the group, or if not a majority than it's more than likely the largest group there, assuming that they have any opinion at all.  Some just look like they're there for the sake of protesting.

There are people there whose opinions I sympathize with.  I would guess they are a small minority.  That's also why I posted the video.  It's a motley group overall with a myriad of opinions so I certainly didn't want to generalize the entire group.

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#7) On October 11, 2011 at 8:05 PM, Frankydontfailme (27.34) wrote:

... while OWS is heavily marxist, and they express a viewpoint vastly different than mine, I respect their right to express such a viewpoint, and am glad that they at least realize that something is seriously wrong with this country.

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