Austan Goolsbee, the chairman of the Council of Economic Advisers, explains income tax policy in a way even a moran can understand.
Yeah, more of these please. Keep them at two minutes, and people will actually watch them. I’m waiting for one on immigration policy.
Even rich people don’t know how this works, really.
But their accountants do.
Why have we not been seeing things like this from the WH since the first day they started trying to enact their agenda? I hear Obama do it in town halls and pressers, but why hasn’t the country been flooded with things like this on other issues? It’s simple framing, easy to understand, isn’t thick with wonky crap. It’s something that every “Real American” can understand.
I’m confused as to why we haven’t seen this all along.
There’s your elevator talking point.
Let me get this straight. You want to BORROW seven hundred billion dollars from our CHILDREN so you can give a humongous tax break to the richest one percent in America?
Though this is good because it is simple, there is a missing ingredient. PERSONALIZATION. Simply ask the question: How many folks do you know who earn more than $250,000 a year. If you know any, can they afford a little more tax to make life easier for you?
There is also this conflation between “millionaires and billionaires” with people who earn more than a million dollars a year. Millionaires don’t often earn a million dollars a year. In fact, at today’s rate of return, if someone had $1,000,000 in assets (say in bonds), they would likely earn just $45,000 or $50,000 on it. Not so much! It’s important that folks in the middle class, which might include those with assets of $1,000,000 to understand that this doesn’t affect them negatively. After all, everyone aspires to be a millionaire one day — but few of us can imagine making (ie., netting) $1,000,000 a year!
Or even better: Do you really think we should borrow from our children to give them a tax break?
I’m looking forward to hearing more from Goolsbee next year when tax reform comes up for more thorough overhaul.
Dang! Outstanding.
Who at the White House finally got a clue? Is this more of Plouffe’s doing or did Goolsbee come up with this himself?
Goolsbee is a fantastic speaker. I remember watching him years ago when he was on the college debate circuit. He could destroy an argument with just one well-phrased sentence. I’ve rarely seen anyone that good.
Nice going. What are they going to do with this (and hopefully many more)? Are there plans to show them on TV, or is this just a Net thing?
Can you change it to “morons” or is there some joke I am missing?