Saturday, November 20, 2010

Rep. Grayson On What The Rich Can Do With Bush Tax Cut

Representative Alan Grayson (D-FL) discussed what the top one percent can do with their Bush tax cut, starting with buying a Mercedes each year for a decade (actually, according to Moody's Analytics, the wealthiest save rather than spend their tax cuts, contrary to the Republican "trickle down" theory). Grayson's proposal: take the same money and, instead of giving it to the rich, use it to to employ three million Americans. The newly employed are more likely to pump money into the economy immediately and won't have to move into their cars. Watch:

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