Don Boudreaux Debunks Robert Reich

I’ve debated Robert Reich on issues such as tax havens, class warfare, and oil companies.

Those interactions apparently aren’t enough, though, since several people have asked me to debunk this Reich video.

But I had no desire to address Reich’s demagoguery, in part because I’ve already put together videos that deal with most of his basic points.

He wants higher taxes on investors, entrepreneurs, small business owners, and other “rich” taxpayers, but I’ve explained why he’s wrong on that issue in this video.

He claims to want a stronger middle class, but I’ve explained the keys to economic growth and Reich is on the wrong side of almost all of them.

He argues that spending has been cut back, but that’s factually wrong – and a strange argument since Reich was in the cabinet of the last President who actually did reduce the burden of federal spending.

So I hope you can understand why I didn’t want to spend time countering Reich’s video. But he has attracted more than 1 million views, which means it would be a good idea for someone to specifically debunk what he said.

Fortunately, Don Boudreaux of George Mason University has stepped up to the plate with this excellent video.

And if you want even more, here’s something I wrote on income inequality and here’s a debate I did on income mobility. Even better, here’s what Margaret Thatcher said about these topics.

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